Harris & Harris // Innovalight - 500 Beiträge pro Seite

[R-BgO]

lege mal einen neuen Thread an, weil Harris & Harris einer der Investoren in Innovalight ist;

die haben in den letzten Wochen zwei Kooperationen mit JA Solar und Yingli verkündet, es könnte also wirklich was dran sein...

zum Verständnis des Prinzips:

http://www.innovalight.com/technology_overview.htm

ein Video:

http://www.youtube.com/watch?v=KP6QjTO9ZxU


Ansonsten ist Harris&Harris vielleicht auch an sich interessant zu verfolgen: sie halten einen Anteil an SiOnyx und eine mittlere Position SatCon;

voll eK-finanziert, etwa halbe Bilanzsumme noch trockenes Pulver in Form von Treasuries; notieren nah am NAV

[R-BgO]

SiOnyx Demonstrates Record-Breaking Photosensitivity With New Light Detectors


BEVERLY, Mass., June 22 /PRNewswire/ -- SiOnyx Inc., in collaboration with the Army Research Office (ARO), has successfully demonstrated pixel-scale detectors with room temperature Detectivity (D*) exceeding 1x10(14) Jones. This represents a full 10x improvement over traditional silicon detectors, setting a record for performance that paves the way for SiOnyx to lead in new sponsored research programs with the Army Night Vision and Electronic Sensors Directorate (NVESD) and Defense Advanced Research Projects Agency (DARPA).

Dr. A. Fenner Milton, the US Army NVESD's Director noted, "NVESD is interested in approaches to low light level imaging that have the potential for leveraging silicon technology to reduce costs."

SiOnyx is commercializing a fundamentally new semiconductor processing technique that represents a breakthrough in the development of smaller, cheaper, high-performing silicon photonic devices. Based on a novel laser implant method first discovered at Harvard and commonly referred to as 'Black Silicon,' SiOnyx's patented semiconductor process dramatically enhances the performance of light-sensing devices across a range of applications in the consumer, industrial, medical and defense industries. Under the ARO grant, SiOnyx has shown the applicability of its technology to CMOS image sensors and other mass-produced photonic devices used in demanding imaging and photo-detecting applications.

"Signal-to-noise ratio and dynamic range dictate the ultimate performance in any photonic system," said Stephen Saylor, CEO of SiOnyx. "In applications ranging from medical imaging to digital photography, these basic device characteristics underlie the quality of experience. The record-setting results shown in our work with the ARO are astounding and demonstrate once again how SiOnyx's technology platform has the potential to dramatically alter performance in these multi-billion dollar industries."

With the completion of this milestone and resulting performance breakthroughs, SiOnyx is now leading newly sponsored programs with the US Army's NVESD and DARPA that will advance the use of Black Silicon in low light and infrared imaging.

Dr. Nibir Dhar, Program Manager in DARPA's Microsystems Technology Office, added, "High-performance, low-cost, small infrared cameras at room temperature will have significant impact on many aspects of modern war fighting. Black Silicon offers an enabling pathway in low-cost CMOS camera development for near-infrared applications."

[R-BgO]

Antwort auf Beitrag Nr.: 39.877.023 von R-BgO am 26.07.10 16:03:28

ursprünglich hatten sie wohl vor, auf beliebige Oberflächen zu drucken: http://www.youtube.com/watch?v=UPpvPAriAOY&feature=related

insoweit sind sie jetzt wohl einen Schritt zurückgegangen...

[R-BgO]

Antwort auf Beitrag Nr.: 39.877.023 von R-BgO am 26.07.10 16:03:28

und Roth & Rau scheint die Finger mit dran zu haben:

Roth & Rau AG and Innovalight complete installation of world’s first silicon-ink
based solar cell pilot production

Hohenstein-Ernstthal, 14 January 2009 – Roth & Rau AG and Innovalight have completed
the installation of the world’s first silicon-ink based solar cell production line.

This first pilot manufacturing line has been built and installed at Innovalight, in Sunnyvale, California and has been qualified to operational capability over the last two months of 2008.

“The potential to lower costs by combining Innovalight’s silicon-ink platform and conventional silicon solar cell technology is very impressive”, commented Dr. Dietmar Roth, CEO of Roth & Rau AG, ”Combining the strength of Roth & Rau’s manufacturing expertise and Innovalight’s silicon nanotechnology has enormous potential in the marketplace”, he added.

The pilot line combines the qualities and cost benefits of crystal silicon wafer technology with elegant silicon-ink processing technology to produce low cost, high performance solar cells.

Roth & Rau installed the majority of the solar cell manufacturing equipment which has been integrated with Innovalight’s custom proprietary inkjet printing platform and silicon-ink manufacturing systems. This first pilot manufacturing platform installed at Innovalight has the capability of producing 10 Megawatts of solar power and can be easily scaled to many hundreds of megawatts of electricity production.

“Roth & Rau has been a terrific partner to work with,” said Conrad Burke, President & Chief Executive at Innovalight. “They bring a great deal of manufacturing experience to this relationship as we continue to develop our technology toward commercialization,” he added.

[R-BgO]

http://www.greentechmedia.com/articles/read/innovalight-sign…

[R-BgO]

Innovalight opens sales and support office in China
27 August 2010 | By Syanne Olson | News > Cell Processing


In order to better serve its China based customers, Innovalight has opened a sales and support office in Shanghai, China. The new office will control the sales and technical support for the company’s Chinese customers. Raymond Meng, the newly selected sales director for China, will manage the center.

"We are expanding our presence in China and need to be closer to our customers," said Boris Mathiszik, vice president of worldwide sales for Innovalight. "We are experiencing ever increasing demand from crystalline silicon solar cell manufacturers in the region," he added.

[R-BgO]

Hier kommt Nummer Drei:

SUNNYVALE, Calif., Oct. 19 /PRNewswire/ -- Innovalight, Inc., a privately-held company that manufactures a proprietary nanotechnology-based silicon ink and licenses a proprietary platform process to solar cell manufacturing companies, announced today a three-year commercial agreement with Solarfun Power Holdings Co., Ltd. . Solarfun is a leading integrated global manufacturer of silicon ingots, wafers, solar cells and solar panels.

Innovalight manufactures a proprietary nanotechnology-based silicon ink and licenses a platform process which allows an upgrade to solar cell manufacturing production lines to boost performance of solar cells and lower production costs.

Solarfun recently announced plans to convert solar cell manufacturing capacity to higher efficiency products through the introduction of selective emitter technology. Solarfun will license a solar cell process and purchase silicon ink from Innovalight for the production of high efficiency solar cells on mono-crystalline silicon substrates.

"We are delighted with this partnership with Innovalight," said Dr. Peter Xie, president and chief executive officer of Solarfun. "We look forward to a long term relationship with Innovalight to help us cost-efficiently improve the performance of our products."

"Solarfun is a very important customer for Innovalight," said Conrad Burke, president and chief executive officer of Innovalight. "Solarfun is one of the largest and most successful vertically integrated solar producers in the world today," he added.

[R-BgO]

Zwischenstand:

JA Solar
Yingli
Solarfun


Wer kommt als Nächstes?

China Sunergy?

[R-BgO]

SiOnyx closes series B financing at US$12.5 million
20 October 2010 | By Syanne Olson | News > Materials


Coherent, Crosslink Capital and Vulcan Capital have joined veteran investors Polaris Venture Partners and Harris & Harris in the series B financing round for SiOnyx. The series closed at US$12.5 million and resulted in no changes to SiOnyx’s board of directors. The companies funding is going towards the commercialization of its new semiconductor processing technique, which the company claims is an advancement for smaller, cheaper, high-performing silicon photonic devices.


"The addition of a strategic partner and two top-tier venture capital firms to our series B syndicate underscores the tremendous economic potential of SiOnyx's innovation," said Stephen Saylor (pictured), CEO of SiOnyx. "Our early success in delivering record-breaking performance in applications from simple light detection to thin-film photovoltaics has fueled our momentum. With this new funding, SiOnyx will launch our first commercial products and expand the suite of solutions offered to our strategic partners."

[R-BgO]

Antwort auf Beitrag Nr.: 40.346.184 von R-BgO am 19.10.10 08:32:47

16.12.2010 11:01

JinkoSolar Partners with Innovalight to Increase Solar Cell Efficiency with Silicon Ink
SHANGHAI, Dec. 16, 2010 /PRNewswire-Asia-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a fast-growing vertically integrated solar product manufacturer with low-cost operations based in China, announced today that it has entered into a commercial agreement with Innovalight, Inc. ("Innovalight"), a privately-held company that manufactures proprietary silicon ink and licenses proprietary processing technology to solar cell manufacturing companies. Under the terms of the agreement, JinkoSolar will purchase silicon ink from Innovalight and license Innovalight's processing technology to produce solar cells with higher conversion efficiencies.

Innovalight's proprietary nanotechnology-based silicon ink and processing platform provide a simple upgrade to solar cell manufacturing production lines that boosts the performance of solar cells and lowers production costs. With Innovalight technology, JinkoSolar expects to produce monocrystalline solar cells with conversion efficiencies greater than 18.6% in the first half of 2011.

Guoxiao Yao, Chief Technology Officer and Vice President at JinkoSolar, commented, "Innovalight's silicon ink provides a unique, cost-effective solution that is able to significantly improve the efficiency of our solar cells with a simple one-step upgrade to our existing cell production lines. Our higher efficiency solar cells will offer a better return on investment for system integrators and further solidify our position as a leading solar cell and module manufacturer. We remain committed to investing in technologies that will enhance our solar products and we look forward to implementing Innovalight's proprietary processing technology in a short time."

"JinkoSolar's strong brand presence across a broad geographic network makes the company an important customer for us," added Conrad Burke, Chief Executive Officer at Innovalight. "Our silicon ink technology, in combination with JinkoSolar's leading vertically integrated manufacturing platform, will offer an attractive and highly powerful solar product. We look forward to working with JinkoSolar as we partner to bring a progressive technology and improved solar product to the market."

[R-BgO]

und der nächste Streich:

* By Tom Cheyney - 07 January 2011

Motech is latest solar cell company to sign nanosilicon ink development deal with Innovalight

Nanosilicon ink developer and manufacturer Innovalight has signed another deal with a solar cell manufacturer. Taiwan-based Motech is the latest company--and the first located outside the Chinese mainland--to join forces with the Silicon Valley firm to develop high-performance photovoltaic cells using the inks.

Motech manufactures and markets high-quality mono- and multicystalline silicon solar cells. The company reached a gigawatt in production capacity in the third quarter of 2010, making it the largest cell manufacturer in Taiwan and among the top 10 manufacturers worldwide.

Innovalight manufactures its proprietary nanosilicon ink and licenses a platform process that facilitates an upgrade to cell manufacturing lines to increase the performance of the PV cells and decrease production costs.

The nanomaterials company previously signed collaborative agreements with Chinese cell manufacturers JA Solar, Yingli Solar, Solarfun, and most recently, JinkoSolar.

[Kostolanys Erbe]

Antwort auf Beitrag Nr.: 40.828.774 von R-BgO am 09.01.11 17:50:05

H&H wird in Deutschland steuerlich als schwarzer Fonds behandelt! Nur zur Info!
Nach meinem letzten Kenntnisstand soll die Besteuerung gegen das EU-Recht verstossen.
Bin aber nicht aktuell auf dem laufenden, ob es schon eine neue Rechtsprechung gibt und ob die Bank keine Steuern abführt...???

[R-BgO]

http://seekingalpha.com/article/245846-harris-harris-grows-b…

[R-BgO]

Antwort auf Beitrag Nr.: 40.837.529 von R-BgO am 11.01.11 10:21:02

http://blog.research2zero.com/wp-content/uploads/2011/01/Har…

[ProMaiLer]

Hallo,

wie sieht es denn nun steuerlich aus bei Harris?
Graue und schwarze Fonds gibt es ja inzwischen nicht mehr, aber wohl transparente und intransparente. Wird bei Harris auch heute noch eine Strafsteuer fällig?

[R-BgO]

Schade:


DuPont Buys Solar Start Up, Innovalight
Jul. 26 2011 - 1:18 am |


DuPont, the industrial giant based in Wilmington, Delaware, added Silicon Valley solar materials-technology start-up Innovalight to its list of recent cleantech acquisitions.

Founded in 2005 by semiconductor industry veteran Conrad Burke, Innovalight has developed silicon ink materials and processes that help boost the efficiency of crystalline solar cells.

“Innovalight has very exciting technology that improves cell efficiency, and DuPont can help expedite its adoption,” says David Miller, president of DuPont Electronics & Communications.

In 2010, Innovalight inked a research deal with China’s Yingli. More recently, Innovalight was awarded funding through the U.S. Department of Energy’s SunShot solar initiative.

DuPont is aiming to double sales in the solar market to $2 billion by 2014.

[R-BgO]

Antwort auf Beitrag Nr.: 41.849.326 von R-BgO am 27.07.11 00:30:05

Harris & Harris Group, Inc. (NASDAQ: TINY) notes that DuPont and Innovalight, Inc., today announced the acquisition of Innovalight, Inc., a privately held, venture-funded, solar cell technology company headquartered in Sunnyvale, CA. DuPont's press release may be viewed at http://www.prnewswire.com/news-releases/dupont-expands-in-so…

Harris & Harris Group made its initial investment in Innovalight in April 2006. As of March 31, 2011, Harris & Harris Group valued its position at $3,920,428. Harris & Harris Group expects to receive up to approximately $5.4 million in this transaction.

[R-BgO]

Antwort auf Beitrag Nr.: 41.852.102 von R-BgO am 27.07.11 14:10:36

ERIC WESOFF: JULY 28, 2011
Innovalight: Successful Solar Startup, Troubling Exit
If this is the way solar startup acquisitions are headed, solar VCs are in for a world of hurt.


Innovalight looks like a smart, successful company.

The firm has a real, working silicon ink photovoltaic technology that adds value to the bottom line of solar module makers. The company was agile enough to pivot from aspirations of being a module manufacturer to providing a material through a licensing model. And Innovalight signed up a number of tier one and tier two Chinese customers in the module market.

The platform license business model is novel and seems to be working. Innovalight provides their silicon ink at a nominal cost -- that's not the primary source of their revenue. The licensing model is structured so that Innovalight's customers pay a fee for every wafer produced that uses the Innovalight special sauce. And with a world market of approximately five billion silicon wafers -- there's a large and growing total available market.

The value of the Innovalight product is that it fits gracefully into a customer's production process. One process step is added at the front end, after the wafer texturing step, and the Innovalight ink step is integrated into the customer's production line.

It looked like they were doing everything a VC-funded technology startup should do -- executing on their business plan while growing fast and efficiently.

And as per Michael Kanellos' reporting, DuPont announced that they had acquired Innovalight on Tuesday.

And for that accomplishment, the Innovalight management now reports to the DuPont corporate hierarchy and their investors get a return of maybe 1.2X?

Those are hardly VC returns to brag about, but that's what this looks like.

Here's the language from the Harris & Harris (NASDAQ: TINY) release:

Harris & Harris Group made its initial investment in Innovalight in April 2006. As of March 31, 2011, Harris & Harris Group valued its position at $3,920,428. Harris & Harris Group expects to receive up to approximately $5.4 million in this transaction.

Note the term "up to approximately $5.4 million." That suggests an earnout of some sort -- so the $5.4 million isn't even a sure thing.

A smart cleantech VC colleague said that it looked like "the company was bought for slightly more than the total money in (assuming a 1X liquidation preference, which is probably a pretty safe assumption)."

Kanellos also looked into the history of Innovalight and Harris & Harris. In April 2006, the firm put $2.5 million into Innovalight, according to this SEC filling. That translated to 16.7 million shares. In November 2007, another SEC filing was issued. Harris & Harris said the value of its investment in Innovalight was reduced to $3.2 million as of September 30, 2007. A month later, it invested $1.99 million more into the company.

So in all, the firm placed $4.5 million into the company ($2.5 million plus $2 million) and sold its share for $5.4 million. Granted, Harris & Harris made these investments in the firm before its business model switch in 2008 and they are only one of several investors, but it's an interesting indication.

In all, Innovalight raised $53.5 million in three investment rounds in 2006 ($7.5 million), 2008 ($28 million) and 2010 ($18 million) not including an initial round that was not memorialized in a release . If the same math holds true, that means the sale price might be close to $64 million if the first round was somewhat small.

It also obtained around $3 milion in grants from the Department of Energy.

A serial entrepreneur colleague expressed a strong bias against materials deals, saying Innovalight is a materials deal and materials deals pay 1X to 2X. He also added that the PV industry did not like their business model, so they had to get out. That's arguable, given the business deals won by the firm.

He added that Innovalight wants to extract cents per wafer based on its proprietary material, and there is no way the Chinese vendors will do that -- they have too many other options for high efficiency cells that just mean buying capital equipment and having no ongoing costs associated with license fees of proprietary material.

Terms of the deal weren't disclosed. Innovalight Chief Executive Conrad Burke told me that he, the employees, and the investors were happy and that the deal outcome was positive in a phone conversation last night. The company has raised about $60 million in VC since its founding.

[R-BgO]

der aktuelle dicke Brocken bei H&H ist Solazyme, die machen >20% vom NAV aus...

[cure]

hat jemand noch den Wert auf dem Schirm....kann jemand was dazu sagen ....??!!!

[R-BgO]

Antwort auf Beitrag Nr.: 45.665.493 von cure am 21.10.13 16:16:21

knapp 5 Jahre dabei und minus 11%...

in einem der größten Bullenmärkte aller Zeiten

[R-BgO]

Harris & Harris Group Portfolio Company OpGen Raises $17.1 Million in Initial Public Offering

NEW YORK, May 6, 2015 (GLOBE NEWSWIRE) --

Harris & Harris Group, Inc. (Nasdaq:TINY), notes its portfolio company, OpGen, Inc., announced yesterday the pricing of its initial public offering of 2,850,000 units, with each unit consisting of one share of common stock and a warrant to purchase one share of common stock, at a combined price to the public of $6.00 per unit. All of the units are being offered by OpGen. OpGen's common stock and warrants have been approved for listing on the NASDAQ Capital Market. Each of the common stock and warrants began trading separately on May 5, 2015, under the symbols "OPGN" and "OPGNW," respectively. Each warrant will be immediately exercisable upon issuance for one share of common stock at an exercise price of $6.60 per share and will expire on May 8, 2020. A number of Harris & Harris Group shareholders purchased units in this initial public offering.

OpGen has granted the underwriters the right to purchase up to an additional 427,500 shares of common stock at a price of $5.99 per share and/or 427,500 additional warrants at a price of $0.01 per warrant less, in each case, the applicable underwriting discount, within 45 days from the date of the initial public offering to cover over-allotments, if any.

Maxim Group LLC acted as sole book-running manager and National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc., acted as co-manager of the offering.

[R-BgO]

habe mal aufgestockt...

vielleicht schaue ich dann öfter hier vorbei

[R-BgO]

aktuell rund 40% unter Buchwert

[R-BgO]

habe noch nichts zum Closing gesehen:

HARRIS & HARRIS GROUP PORTFOLIO COMPANY, BRIDGELUX, ENTERS INTO AGREEMENT TO BE ACQUIRED BY AN INVESTMENT GROUP

Wednesday, July 22, 2015

NEW YORK, July 22, 2015 (GLOBE NEWSWIRE) -- Harris & Harris Group, Inc. (NASDAQ:TINY), an investor in transformative companies enabled by disruptive science, notes that its portfolio company, Bridgelux, Inc., has entered into a definitive agreement to be acquired by an investment group led by the China Electronics Corporation ("CEC") and ChongQing Linkong Development Investment Company. Established in 1989, CEC controls 61 second-level subsidiaries, including 13 listed holding companies.

Harris & Harris Group invested a total of $5.4 million in Bridgelux, beginning with its initial investment in 2005 and valued its securities of the company at $3.5 million as of March 31, 2015. Harris & Harris Group expects to receive cash proceeds from the sale in an amount to be finalized upon closing. In addition to the cash proceeds, Harris & Harris Group will receive equity of Xenio Corporation, a spinoff company focused on commercializing Bridgelux's smart lighting business to address the emerging $135 billion lighting opportunity in the Internet of Things ("IoT") market.

"We are excited to see Bridgelux combine its technology, products and expertise with the extensive scale and resources of CEC," said Douglas W. Jamison, Chairman and Chief Executive Officer of Harris & Harris Group. "We believe this type of scale and consolidation in the LED industry is a positive trend and one that could enable Bridgelux to accelerate its growth and leadership position faster than it could have done as a standalone entity. We are also excited to be shareholders of Xenio and the potential future growth of the IoT market."

Bridgelux and CEC expect the acquisition to close within the next six to eight weeks, subject to customary regulatory approvals. Bridgelux's press release may be accessed at http://www.bridgelux.com/resources/investment-group-led-chin…


=> im 10q-2-2015 war die Bewertung nur noch 2,5 MUSD

[R-BgO]

Antwort auf Beitrag Nr.: 50.928.099 von R-BgO am 25.10.15 13:55:55

10k kam vor Kurzem:

Bridgelux hat immer noch nicht geclosed;

auch ansonsten ein weiteres Seuchenjahr.

Noch 98 MUSD Assets bei 8 MUSD Kosten.

Wird schwer, damit was zu verdienen...

[R-BgO]

Antwort auf Beitrag Nr.: 52.010.423 von R-BgO am 18.03.16 11:57:38

December 20, 2016

Harris & Harris Group Announces a Proposed Strategic Restructuring

NEW YORK, NY -- (Marketwired) -- 12/20/16 -- Harris & Harris Group, Inc. (NASDAQ: TINY) issued the following letter to shareholders today that may also be found on its website at http://ir.hhvc.com/letters.cfm.

FOURTH QUARTER UPDATE 2016

Fellow Shareholders:

The purpose of this letter is to share with you a proposed plan for a strategic restructuring that we believe has the opportunity to unlock value for our shareholders. Specifically, we are recommending the separation of Harris & Harris Group, currently a business development company ("BDC"), into two distinct entities.

The first entity will be a registered closed-end fund named 180 Degree Capital Corp ("180") that will focus on
-(1) optimizing the value in our existing portfolio; and
-(2) pursuing a new investment strategy focused on constructive activism in substantially undervalued small, publicly traded companies.

The second entity, HALE.life Corp ("HALE"), will be an operating company focused exclusively on building a high-growth, precision health and medicine business.

On November 14, 2016, we published our Third Quarter Letter to Shareholders. In this letter, we noted that it is time for Harris & Harris Group to change. We stated that, "we continue to have companies in our portfolio that we believe are performing well…. We believe these companies have the potential to generate investment returns that are meaningful, and potentially larger than our historical returns."

That said, we can no longer accept that our stock price reflects the inability by the market to price the potential of our portfolio of venture capital investments. We also believe the market reflects a pessimistic view of our business model.

For the past several quarters, Management and the Board of Directors, with significant input from outside accounting firms and legal counsel, have been working on a long-term plan that provides the following benefits to shareholders:

1) A reduction of the expenses borne by our shareholders while maintaining the value in our existing portfolio; and

2) Repositioning the company to maximize future value for shareholders.

We developed a proposal to split into two entities following careful assessment of a number of potential strategic alternatives during the prior two years. These alternative paths did not provide what we believe would be adequate value for our shareholders. In fact, we believe most compromised the potential future growth in value should holdings from our current portfolio appreciate significantly.


180 Degree Capital Corp

We propose to manage the assets that are not core to the business strategy of HALE under the name 180 Degree Capital Corp ("180"). Our proposal will include steps to enable 180 to be operated as an internally managed, non-diversified registered closed-end fund rather than electing to be regulated as a BDC under the 1940 Act, because of the lower expense and regulatory burden we believe will be imposed on 180 in a closed-end fund structure. Specifically, we believe that the BDC-related direct costs are far higher than the cost of managing the same assets in a registered closed-end fund structure. We chose the name 180 Degree Capital Corp because the name embodies our go-forward investment strategy.

180 will be led by Kevin Rendino, a current member of our Board of Directors, as CEO, and by Daniel Wolfe, our current President, CFO and CCO, who will serve in those same roles for 180. Initially, 180 will be focused on shepherding the existing portfolio of investments to maximize returns, with what we believe will be less regulatory burden and expense to shareholders than in a BDC structure. 180's future business will be focused on making decisions that are designed to generate income and grow net asset value per share for shareholders over shorter, more predictable timeframes.

Toward this goal, 180 will focus on investing in and providing value-add assistance through constructive activism to what 180's management team believes are substantially undervalued small, publicly traded companies that have potential for aggressive growth. Our goal is that the result of our constructive activism leads to a reversal in direction for the share prices of these investee companies, i.e., a 180-degree turn.

Kevin Rendino, a financial services leader with three decades of Wall Street experience, joined Harris & Harris Group's Board of Directors in 2016. We believe his significant expertise in capital markets, value investing and global equity markets will enable 180 to identify and thoroughly evaluate potential investment opportunities. For over twenty years, Mr. Rendino worked on one fund, Basic Value Fund, with a consistent focus over that time frame. He was ultimately the lead portfolio manager for the Basic Value Fund and oversaw 11 funds representing approximately $13 billion in total assets. Mr. Rendino was also a member of Blackrock's Leadership Committee. Since 2012, Mr. Rendino has served as Chairman and CEO of RGJ Capital, where he leads a value investing approach.

We believe 180 combines new perspectives with the historical knowledge and experience of managing the current portfolio. We believe these complementary sets of experiences and skills in investment management and in working with management teams to build businesses can be a foundation for future growth. We believe 180 will be able to generate income and grow net asset value per share for shareholders over shorter, more predictable timeframes than those we have experienced over the past several years.

While there are multiple fund managers that invest in smaller publicly traded companies, we believe that these managers are often not able or interested to engage with such companies on an active basis. We believe 180's expertise and focus on constructive activism could be an attractive complement to other investors in the space. Our new simplified structure and focus could lead to partnerships or other opportunities. We believe that the universe of potential partners on this strategy is substantially larger than those focused on privately held investments. We believe we will be in a strong position to seek these strategic partnership opportunities with the current and future assets of 180.


HALE.life Corp

Concurrent with the steps to enable 180 to be operated as an internally managed, non-diversified registered closed-end fund, we will also take steps to manage the assets that comprise HALE as an operating company. This will substantially lower our cost of business. This operating company will deliver products that change how physicians provide and patients receive healthcare. HALE will retain certain of our precision health and medicine investments, most of which represent control positions. Doug Jamison, our current Chairman and CEO, will lead HALE.life as CEO.

After building companies over many years primarily as minority shareholders, we believe it is time to return to our roots building transformative companies that we control in an operating company structure.

We believe patients now expect more communication, better outcomes and care that are specific to their needs. Patients and physicians are increasingly demanding access to the latest and best actionable health information based on the individual characteristics of the patient. Examples include genetic sequencing, metabolic profiles and composition of the gut microbiome, which are often referred to as precision medicine information. Currently, it is expensive and difficult for physicians and patients to access, understand and provide the desired, tailored information for individual lifestyles or illnesses. Technologies, both diagnostic and mobile, are ready to solve these problems, but they have yet to be assembled into a complete solution.

HALE will be seeking to transform the $250 billion primary care clinical market. Many traditional businesses such as the hotel industry, retail sales, and automobile sales have undergone tremendous change driven by consumers' increasing power resulting from expanded access to information. We believe healthcare is about to undergo this similar change.

HALE addresses these issues by seeking to change how physicians provide and patients receive healthcare. HALE accomplishes this by linking next-generation, precision medicine products to the growing popularity of functional and integrative medicine practices. HALE will provide physicians in these practices with what we believe is actionable information derived from analyzing advanced, precision medicine technologies. Physicians and patients will receive user-friendly reports providing personalized, empirically based care options. Physicians and patients can then use their time together to collaborate on care. Patients serviced by this business model include those interested in performance sports, wellness, longevity and the care of chronic diseases.

Functional and integrative medicine clinics have been growing rapidly over the last decade as patients have turned to these alternative practices for more personalized treatment for chronic diseases and for prolonging health. There are currently over 10,000 physicians who are practicing in functional and integrative medicine clinics or under similar new business models in the United States and by some measures these practices are growing over 30 percent per year. Precision medicine technologies such as genetic sequencing, metabolomics, microbiomics, new imaging technologies and data analytics have also been developing over this same decade. We believe the uniqueness of our approach is that we link the growing interest by patients in these new personalized, functional and integrative medicine practices with the management systems and advanced information tools these clinics require to perform empirical and predictive medicine. We believe this new model provides a total care solution to physicians and patients.

HALE aims to increase value for its shareholders by focusing on ongoing operations, rather than acting as an investment company. Revenue growth and net income growth over time will be its metrics of success. Through its controlled companies, we believe HALE has assembled the component companies necessary to execute its proposed business plan.


Summary and Next Steps

We believe separating the entities accomplishes four primary tasks that we believe are beneficial to shareholders:

1) we believe it presents the best opportunity to increase shareholder value;
2) it optimizes expense, structure and management focus;
3) it permits the ability to focus each business on strategies for future value creation without conflicts or distractions; and
4) it permits the clear messaging of shorter- and longer-term strategies for shareholders.

As separate entities, we believe that HALE and 180 will be ultimately valued based on execution of their focused strategies with what we believe will be a higher potential to unlock value in the market. Each company will develop separately and communicate its respective business story, financial performance and investment rationale.

We currently aim to implement this restructuring during the second quarter of 2017. In connection with the restructuring, we will ask shareholders for approval, as required by applicable laws and regulations, to take certain steps necessary to position both entities for potential future success. The restructuring will be discussed in detail in proxy materials that we currently expect to file in early 2017.

In our November 14, 2016, Letter to Shareholders, we stated that "in early January 2017, we will be organizing a shareholder call to discuss the proposed changes we will seek to implement as part of the long-term plan being developed by management and our Board of Directors." This call is currently scheduled for Tuesday, January 10, 2017, at 2:00pm Eastern Time. The dial-in information for the call is noted below:

[R-BgO]

Antwort auf Beitrag Nr.: 49.348.505 von R-BgO am 17.03.15 10:01:58

das war noch gnädig!

Zitat von R-BgO: knapp 5 Jahre dabei und minus 11%...

in einem der größten Bullenmärkte aller Zeiten

Heute aus der verbilligten Posi mit minus 55% raus;

vielleicht läßt sich aus den Fetzen nach der Teilung noch was auflesen...

[sm74]

wie denn? diese pfennigfuchserladen soll auch noch aufgespalten werden?
ich lach mich schlapp...was soll denn dabei rauskommen...

[sm74]

umbenennen ist immer gut, sollte man alle paar jahre mal machen

[R-BgO]

Antwort auf Beitrag Nr.: 54.624.836 von sm74 am 28.03.17 09:16:33

heute wurde mein Erinnerungsstück

in eines von 180 degree umgebucht

[R-BgO]

Antwort auf Beitrag Nr.: 54.643.031 von R-BgO am 30.03.17 12:12:22

in 2017

mal wieder ein Gewinn

[R-BgO]

in 2018

schwarze Null

[H2OAllergiker]

ist das die ehemalige Harris Harris, die ich ewig gesucht habe?