The Connections?I've sent an email to Global Care hoping to get some clarification on the acquisition of ASIC Power. I've also uncovered some of the connections I posted about yesterday. The email is something I've not done before (I say just let the CEO work) but the intriguing if not somewhat opaque pieces of this play as well as the stellar resume of Alex Somjen has me interested in and expecting more.
As I mentioned yesterday ASIC Power has some connection to DeFi Holdings which, while vague, was evident on the ASIC Power website. It turns out that Wouter Witvoet (another one with a great resume) who was quoted in the NR for the acquisition, is a member of the DeFi Holdings team ......and is an Angel Investor for ASIC Power. For those of you who are unfamiliar with this term I've included a definition.
An angel investor (also known as a private investor, seed investor or angel funder) is a high-net-worth individual who provides financial backing for small startups or entrepreneurs, typically in exchange for ownership equity in the company. Often, angel investors are found among an entrepreneur's family and friends. The funds that angel investors provide may be a one-time investment to help the business get off the ground or an ongoing injection to support and carry the company through its difficult early stages.
I'll be pleasantly surprised to receive a response to my email but seeing some potentially significant upside to HLTH ...and having made a serious investment in it, I'd like to know as much as the company is willing to share.
For what it's worth, Morningstar still has HLTH at a Fair Value sp of $.18.
GLTA!!!