Comments on: Tennenbaum and Vitesse http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/ More Signal. Less Noise. Thu, 02 Apr 2009 12:29:57 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: Vitesse Sells Storage at Nyquist Capital http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-876 Vitesse Sells Storage at Nyquist Capital Fri, 24 Aug 2007 21:10:24 +0000 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-876 [...] After dropping hints in an earlier conference call (see Vitesse Q207 Conference Call Notes) Vitesse announced the sale of a portion of their storage products to Maxim (MXIM). The $63M transaction has a provision for an additional $12M if certain milestones are hit. The company will use the proceeds from Maxim and $30M in new convertible debt to repay the junk debt to Tennenbaum Capital. (see Tennenbaum and Vitesse). [...] [...] After dropping hints in an earlier conference call (see Vitesse Q207 Conference Call Notes) Vitesse announced the sale of a portion of their storage products to Maxim (MXIM). The $63M transaction has a provision for an additional $12M if certain milestones are hit. The company will use the proceeds from Maxim and $30M in new convertible debt to repay the junk debt to Tennenbaum Capital. (see Tennenbaum and Vitesse). [...]

]]> By: sgrm1 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-875 sgrm1 Tue, 02 Jan 2007 20:01:54 +0000 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-875 i was under the belief that the tennenbaum loan was less restrictive than the siliclon valley bank line they lost. i was under the belief that the tennenbaum loan was less restrictive than the siliclon valley bank line they lost.

]]> By: Vick http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-874 Vick Wed, 20 Dec 2006 15:58:32 +0000 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-874 What do you think of the accounting resuts. Can we move on? There is enough bad news into this stock? What do you think of the accounting resuts. Can we move on? There is enough bad news into this stock?

]]> By: AC http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-873 AC Thu, 14 Dec 2006 06:05:11 +0000 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-873 Did VTSS sell the facility in Colorado? YES OR NO Did VTSS sell the facility in Colorado? YES OR NO

]]> By: yf http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-872 yf Thu, 14 Dec 2006 04:13:12 +0000 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-872 As a result, I heard that Chapman dumped another 6 million share yesterday. With Chapman out of the picture, things might become quieter. As a result, I heard that Chapman dumped another 6 million share yesterday. With Chapman out of the picture, things might become quieter.

]]> By: Andrew Schmitt http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-871 Andrew Schmitt Wed, 13 Dec 2006 17:46:23 +0000 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-871 Matches information I heard. I've asked the company for confirmation since it now appears to be public. <strong>UPDATED:</strong> Confirmed. It doesn't appear that the sale fell through for reasons related to Tennenbaum stepping in front. If they were seeking to entrap the company they would have used this opportunity to cut off any source of liquidity. Matches information I heard. I’ve asked the company for confirmation since it now appears to be public.

UPDATED: Confirmed.

It doesn’t appear that the sale fell through for reasons related to Tennenbaum stepping in front. If they were seeking to entrap the company they would have used this opportunity to cut off any source of liquidity.

]]> By: jason and the argos http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-870 jason and the argos Wed, 13 Dec 2006 16:06:29 +0000 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-870 They had a buyer for the Colo Springs bldg. They had temps moving stuff at on Monday. The deal fell through yesterday. The temps came back to put things back into place. They had a buyer for the Colo Springs bldg.

They had temps moving stuff at on Monday.

The deal fell through yesterday.

The temps came back to put things back into place.

]]> By: Andrew Schmitt http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-869 Andrew Schmitt Wed, 13 Dec 2006 10:28:22 +0000 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-869 See <a href="http://www.nyquistcapital.com/2006/11/06/vitesse-q406-conference-call-notes/" rel="nofollow">here</a>. I wouldn't call it analysis. See here.

I wouldn’t call it analysis.

]]> By: m@ http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-868 m@ Wed, 13 Dec 2006 04:28:30 +0000 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-868 Andrew, A while ago you did a really nice analysis of the VTSS cash position. Have you refreshed recently? Andrew,
A while ago you did a really nice analysis of the VTSS cash position. Have you refreshed recently?

]]> By: yf http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-867 yf Tue, 12 Dec 2006 20:22:41 +0000 http://www.nyquistcapital.com/2006/12/12/tennenbaum-and-vitesse/#comment-867 All turn-arounds are largely depending on the skill and ability of the management. VTSS is in the hands of the CFO and the CEO, so is your investment. All turn-arounds are largely depending on the skill and ability of the management. VTSS is in the hands of the CFO and the CEO, so is your investment.

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