On September 27, 2023, Daniel M. Negari issued an open letter to the Board of Directors of Creative Media & Community Trust Corporation reiterating his proposal, initially made on April 17, 2023, to acquire all of the outstanding shares of the Company for $8.88 per share in cash, representing a substantial premium of over 119% to the Company?s most recent closing price of $4.05 and nearly 112% to the Company?s 30-day average closing price of $4.194. In addition to reiterating the proposal, Daniel M. Negari detailed alternative strategies for the Board to consider to enhance shareholder value should the Board continue to refuse to commence a sales process, including (i) the immediate sale of non-core assets and repurchasing shares or (ii) disposing of all assets and returning capital to shareholders.
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5-day change | 1st Jan Change | ||
3.011 USD | -1.28% | -9.99% | -18.40% |
04-15 | Daniel M. Negari Provides Information to Shareholders of Creative Media & Community Trust | CI |
03-28 | Transcript : Creative Media & Community Trust Corporation, Q4 2023 Earnings Call, Mar 28, 2024 |
EPS Revisions
1st Jan change | Capi. | |
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-18.40% | 69.5M | |
-14.32% | 9.56B | |
-1.96% | 6.71B | |
-7.19% | 5.05B | |
-7.55% | 5.01B | |
-3.05% | 4.17B | |
-16.09% | 3.98B | |
+7.76% | 3.92B | |
+12.75% | 3.32B | |
-11.37% | 3.3B |
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