Candles
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Edenbrook Wants Fair Sale Process for YuMe

Edenbrook Capital, LLC Purpose of Transaction. The Reporting Persons acquired the Common Stock to which this Schedule 13D relates for investment purposes in the ordinary course of business. The Reporting Persons acquired the Common Stock because they believed that the Common Stock reported herein, when purchased, represented an attractive investment opportunity. On September 14, the…

02G47408
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VIEX Capital Files 13D on Seachange

Years ago, it was Starboard, then Roumell took a shot at it. Now VIEX has decided to go activist on this flunky.. I think the cash balance keeps attracting funds to it but look at the long term stock price chart. Purpose of Transaction The Reporting Persons purchased the Shares based on the Reporting Persons’…

02J19661
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Lawndale Calls Willbros Governance Archaic

The Filers (“Lawndale”) have been in contact with Willbros Group’s (“WG”, “Willbros” or the “Company”) management and members of Willbros’ Board of Directors regarding concerns relating to the Company’s corporate governance practices and board composition. Beginning in 2015, Lawndale requested implementation of constructive changes that would improve corporate governance, in general, and the accountability of…

03A10742
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Great Elm to Conduct Rights Offering

Great Elm Capital Group, Inc. (GEC), has filed a registration statement with the Securities and Exchange Commission for a proposed rights offering to holders of its common stock. If the rights offering is fully subscribed, Great Elm Capital Group expects $45 million of gross proceeds that will be used for general corporate purposes, which may…

Close up of  fishing fly reel, landing net, creel and assorted flies on dry river bed rocks
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Atlas Resources Emerges from Ch 11 as Titan Energy

Titan Energy, LLC and its subsidiaries has commenced operations as an independent developer and producer of natural gas, crude oil and natural gas liquids with operations in basins across the United States. Atlas Energy Group, LLC, a Delaware limited liability company, operates the Company through a subsidiary and holds a 2% preferred member interest. Titan’s…

Old letter
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Penn Virginia Emerges from Chapter 11

Penn Virginia Corporation has satisfied the conditions precedent to the effectiveness of its Plan of Reorganization, which was confirmed by the U.S. Bankruptcy Court for the Eastern District of Virginia on August 11, 2016, and has emerged from bankruptcy. By working constructively with its creditors and other stakeholders, Penn Virginia emerged from bankruptcy having reduced…

Female beagle dog portrait, acrylic painting on canvas
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HPE to Spin Off Non-Core Assets

Hewlett Packard Enterprise will spin-off and merge its non-core software assets with Micro Focus (LSE:MCRO) in a transaction valued at approximately $8.8 billion. The combination of these software assets — which includes HPE’s Application Delivery Management, Big Data, Enterprise Security, Information Management & Governance and IT Operations Management businesses — and Micro Focus’ highly complementary portfolio…

03C73519
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Halcón Resources Emerges from Chapter 11

Halcón Resources Corporation has completed its financial restructuring and has emerged from its pre-packaged chapter 11 bankruptcy cases.  All of the conditions under its Plan of Reorganization, which was confirmed by the US Bankruptcy Court for the District of Delaware on September 8, 2016, have been satisfied or otherwise waived in accordance with the terms…

fresh plums in bowl and on a table
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VIEX Capital Sees Opportunity in Immersion

Purpose of Transaction. Item 4 is hereby amended to add the following: The Reporting Persons believe the Shares are materially undervalued.  The Reporting Persons believe that the Issuer operates in a highly strategic area of the technology industry with an attractive competitive position and a compelling product, its touch feedback technology, the value of which…

Detox water
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Ocwen Revived: Where Do We Go From Here?

On June 17, 2016, I had posted on Oozing Alpha Has Ocwen Stock Been Sufficiently De-Risked? Since that post: The company reported significantly improved Q2 results on July 27. During Q2 earnings call, it announced that it is negotiating with California regulator (CA DBO) and has set aside a $15 million reserve for a potential settlement,…

olive soap and towels on a table
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MediaNews Action List for Monster Worldwide

August 19, 2016 The Board of Directors Monster Worldwide, Inc. 133 Boston Post Road Weston, MA 02493 Attn: Tim Yates, CEO & CFO To the Board of Directors: MediaNews Group, Inc. (“MNG” or “we”) has an ownership interest of 11.6% of the outstanding shares of Monster Worldwide, Inc. (NYSE: MWW) (“Monster” or the “Company”), making…

Autumn scene landscape of waterfalls and gorge at Letchworth State Park
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Kanen Calls on magicJack to Improve Results

Dear Magic Jack Board, I have tried several times to engage you in an amicable, productive discussion for the purpose of creating value for all shareholders. Regrettably, you have not even replied to me. Therefore, I am writing this letter and look forward to a fruitful discussion. First, I would like to point out that…

Colmar, Petit Venice, at dusk water canal and traditional colorful houses. Alsace, France.
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Maglan Wants FairPoint Board Overhauled

August 17, 2016 Via U.S. Mail and Email Members of the Board of Directors c/o Paul Sunu, CEO FairPoint Communications, Inc. 521 E Morehead St Charlotte, NC 28202 Gentlemen: Investment funds affiliated with Maglan Capital LP (collectively, “Maglan”) are significant, long-term shareholders of FairPoint Communications, Inc. (“FairPoint” or the “Company”), with holdings together representing beneficial…

02B90581
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Meridian Follows Up on Cyanotech

Company has Confirmed Davis’ Undisclosed “Group” with Rudolph Steiner Foundation In its May 6, 2016 letter to Cyanotech’s board of directors, Meridian explained how a review of publicly-available information appeared to indicate that Michael Davis had engaged in a practice commonly referred to as “parking”.  Parking occurs when one party causes shares to be held…

03A26028
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Marcato Highlights Buffalo Wild Wings

August 17, 2016 James Damian Chairman, Board of Directors Buffalo Wild Wings, Inc. 5500 Wayzata Boulevard, Suite 1600 Minneapolis, MN  55416 James, As you know, investment funds managed by Marcato Capital Management LP (“Marcato”) currently own securities representing beneficial ownership of 5.2% of the shares outstanding of Buffalo Wild Wings Inc. (the “Company”).  It has…

02C28242
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Par Pacific to Launch Rights Offering .. Again?

[I have always said: Avoid private equity-controlled publicly traded stocks.. ] Par Pacific Holdings, Inc. announced that it intends to launch a registered rights offering on or about August 26, 2016.  In the rights offering, each holder of the Company’s common stock as of the close of business on the record date of August 25,…

ceramics painted blue shapes plate typical from Spain
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Full House to Conduct Rights Offering

Full House Resorts, Inc. has filed a registration statement on Form S-3 with the Securities and Exchange Commission for a proposed $5,000,000 rights offering.  The company expects to distribute, at no charge, non-transferable subscription rights to purchase shares of our common stock, par value $0.0001 per share, for $1.30 per share.  The subscription rights will…

02G79788
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Cove Street Wants Westell Tech Sold

August 11, 2016 Westell Technologies, Inc 750 North Common Drive Aurora, Illinois 60504 To the Shareholders and Board of Directors of Westell: Cove Street Capital, LLC is a Los Angeles based investment management firm with $1.1 billion in assets under management, an amount that sadly includes roughly 7.7 million shares of Westell Technologies, Inc (“Westell”…

Sandstone formations in Utah, USA
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Sims Capital Calls Full Circle Merger Unfair

Board of Directors Full Circle Capital Corporation (“FULL” or “Fund”) 102 Greenwich Avenue, 2nd Floor Greenwich, CT 06830 Gentlemen: We have reviewed the Great Elm Capital Corp. Registration Statement, as filed with the Securities and Exchange Commission (“SEC”), which includes a draft Proxy Statement/Prospectus for the proposed merger (“Proposed Merger”). We are curious as to…

02E64476
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Scopia: Eliminate Forest City Dual Class Structure

On August 8, 2016, the Reporting Persons delivered a presentation to the Chairman of the Board and the Lead Director of the Issuer (the “Presentation”) in which the Reporting Persons urged the Issuer to eliminate its dual-class stock structure. The Reporting Persons stated in the Presentation that they believe that collapsing the Issuer’s dual-class stock structure…