Tiberius Capital Urges All MathStar (OTC: MATH.PK) Shareholders to Tender at $1.25 Per Share and to Call Mellon at 866-223-5707
14 7월 2009 - 8:00PM
PR Newswire (US)
CHICAGO, July 14 /PRNewswire/ -- Tiberius Capital II, LLC
("Tiberius"), a value-opportunity fund located in Chicago,
announced today that it urges all MathStar (Pink Sheets: MATH)
shareholders who have MathStar shares held by brokerage firms to
contact their brokers and instruct them to tender all of their
MathStar shares. Tiberius further invites all shareholders of
MathStar, whether their shares are held by brokerage firms or are
represented by certificates held outside of brokerage firms, to
call Mellon Investor Services at 866-223-5707 for help with
procedures for tendering shares. Tiberius especially urges
shareholders who voted for liquidation at the Company's Annual
meeting on July 10, 2009 to tender to Tiberius. At the meeting, a
shareholder proposal was presented to the MathStar shareholders to
liquidate the Company. The proposal did not pass. "It is clear that
the current Board of MathStar and its management have no intention
to liquidate the Company, even though the Company ceased commercial
business operations more than one year ago," stated John M. Fife,
who along with Robert T. Sullivan, is a principal of Tiberius
Capital II, LLC. Mr. Fife added, "MathStar shareholders who are
looking to sell their shares at close to liquidation value should
tender to Tiberius prior to the expiration date on July 20, 2009."
Tiberius is offering $1.25 per share to all shareholders for all of
their MathStar shares. The offer expires at 11:59 P.M. New York
City time on July 20, 2009. Forward-looking Statements This press
release contains forward-looking statements. All statements
contained herein that are not clearly historical in nature or that
may necessarily depend on future events are forward-looking, and
the words "anticipate," "believe," "expect," "estimate," "plan,"
"potential," "strategy," "pursue," and similar expressions are
generally intended to identify forward-looking statements. Such
statements are based on management's current expectations, but
actual results may differ materially due to various factors such as
delays in effecting the tender offer, unanticipated events,
prolonged adverse conditions in the U.S. economy, and expectations
regarding MathStar's financial condition and liquidity.
Forward-looking statements involve risks and uncertainties.
DATASOURCE: Tiberius Capital II, LLC CONTACT: Mellon Investor
Services LLC, 1-866-223-5707, for Tiberius Capital II, LLC
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