A Blog from Gerbsman Partners Board of Intellectual Capital on “Maximizing Enterprise Value” for technology, life science, medical device and cleantech companies and their Intellectual Property
Most will never forget and the memory of what happened that day MUST be passed on to generations. Please, Please review with you children and grandchildren. This is our history and it will not be re-written.
I remember receiving a call from our son at about 6:10 AM California time. He was serving in the military in Israel and told us to turn on the TV. With shock and dismay my wife and i watched the challenges of the next hours.
Among the things I will never forget are the faces of the men and woman of the NY Fire Department and NYPD walking up the stairs in the World Trade Center. The look on their faces told the whole story. They knew they were “going into Harms Way” and yet they marched on.
These are the “True Heroes”. The Firefighter’s, the Police, the Medic’s and all the First Responders. They all have one objective “to Serve & Protect”.
As a Director of a Fire District in California, I see every day their bravery, commitment and focus.
Please see a Firefighter’s Prayer below:
Firefighter’s Prayer
When I am called to duty, God wherever flames may rage,
give me strength to save a life, whatever be its age.
Help me to embrace a little child before it’s too late,
or save an older person from the horror of that fate.
Enable me to be alert to hear the weakest shout,
and quickly and efficiently to put the fire out.
I want to fill my calling and to give the best in me,
to guard my neighbor and protect his property.
And if according to your will I have to lose my life,
bless with your protecting hand my loving family from strife. Amen
Gerbsman Partners – http://gerbsmanpartners.com has been retained by Baylin Technologies, Inc. “Baylin” http://www.baylintech.com to solicit interest for the acquisition of all or substantially all of its wholly owned subsidiary, Galtronics Vietnam “Galtronics” http://galtronics.com, Dai Dong assets located at Dai Dong Hoan Son Industrial area, Tien Du District, Bac Ninh Province, Vietnam.
Specifically, The Board of Directors of “Baylin” have extended the sale of the Compact Antenna Range (CATR) System to Thursday, September 8, 2002 (see information below and attached) for a minimum price of $500,000. Original purchase price is approximately $1.9 million. Also, please see attached a draft Asset Purchase Agreement (“APA”), Chamber component document, power point slides and information below.
Please see attached a draft Asset Purchase Agreement (“APA”) and the wire transfer information below for refundable deposit.
I would alsoencourage and recommend that all interested parties have their counsel speak with Philip Mohtadi, Esq. General Counsel and Corporate Secretary, to discuss any questions or comments of a legal nature relating to the transaction and “APA”. Philip is available at 1-647-291-7525 philip.mohtadi@baylintech.com It is also recommended that the “APA” be submitted with any bid.
IMPORTANT LEGAL NOTICE:
The information in this memorandum does not constitute the whole or any part of an offer or a contract.
The information contained in this memorandum relating to the Baylin Vietnam Asset, “Compact Antenna Range (CTR) System” has been supplied by Baylin. It has not been independently investigated or verified by Gerbsman Partners, its agents or any other adviser.
Potential purchasers should not rely on any information contained in this memorandum or provided by Baylin, or Gerbsman Partners (or their respective staff, agents, and attorneys) in connection herewith, whether transmitted orally or in writing as a statement, opinion, or representation of fact. Interested parties should satisfy themselves through independent investigations as they or their legal and financial advisors see fit.
Baylin, Gerbsman Partners, and their respective staff, agents, and attorneys, (i) disclaim any and all implied warranties concerning the truth, accuracy, and completeness of any information provided in connection herewith and (ii) do not accept liability for any loss arising from the provision of, or any omission from, such information, including that contained in this memorandum, whether that loss arises by reason of the Baylin Vietnam Assets or Gerbsman Partners’ negligence or otherwise.
Any sale of the Baylin Vietnam Asset, “Compact Antenna Range (CTR) System”, will be made on an “as-is,” “where-is,” and “with all faults” basis, without any warranties, representations, or guarantees, either express or implied, of any kind, nature, or type whatsoever from, or on behalf of Baylin, Gerbsman Partners or any other adviser. Without limiting the generality of the foregoing, Baylin and Gerbsman Partners and their respective staff, agents, and attorneys, hereby expressly disclaim any and all implied warranties concerning the condition of the Baylin Vietnam Assets, “Compact Antenna Range (CTR) System”, and any portions thereof, including, but not limited to, environmental conditions, compliance with any government regulations or requirements, or any implied warranties of habitability, merchantability, or fitness for a particular purpose.
This memorandum contains confidential information and is not to be made available to any person without Gerbsman Partners’ prior consent.
The Bidding Process for Interested Buyers
Interested and qualified parties will be given access to key members of the management and intellectual capital teams and the due diligence “war room” documentation (the “Due Diligence Materials”). Each interested party, upon accessing the Due Diligence Materials granted to it, shall be deemed to acknowledge and agree: (i) that it is bound by the bidding procedures described herein; (ii) that it has an opportunity to inspect and examine the Baylin Vietnam Asset, “Compact Antenna Range (CTR) System”, to review all pertinent documents and information with respect thereto and raise such enquiries as it considers necessary; (iii) that it is not relying upon any written or oral statements, representations, or warranties of the Baylin Vietnam Asset, “Compact Antenna Range (CTR) System”, Gerbsman Partners, or their respective staff, agents, or attorneys; and (iv) all documents and reports provided to it have been provided solely for the convenience of the interested party, and Baylin, Gerbsman Partners (and their respective, staff, agents, or attorneys) do not make any representations as to the accuracy or completeness of the same.
Following an initial round of due diligence, interested parties will be invited to participate with a sealed bid, for the acquisition of the Baylin Vietnam Asset, “Compact Antenna Range (CTR) System”. Sealed bids must be submitted so that the bid is actually received by Gerbsman Partners no later than Thursday, September 8, 2022, 3:00pm Pacific Standard Time (the “Bid Deadline”). Please also email steve@gerbsmanpartners.com with any bid.
The attached Baylin Asset schedule for the “Compact Antenna Range (CTR) System” may not be complete.
Any person or other entity making a bid must be prepared to provide independent confirmation that they possess the financial resources to complete the purchase. All bids must be accompanied by a refundable deposit via check in the amount of US$200,000 (payable to Baylin Technologies, Inc.). The winning bidder will be notified within 3 business days after the Bid Deadline. Non-successful bidders will have their deposit returned to them. Until a binding sale agreement is entered into, Baylin Vietnam reserves the right to, in its sole discretion, accept or reject any bid without giving reasons for its decision, withdraw any assets from sale or choose not to proceed with the sale.
Baylin will require the successful bidder to close within 7 business days (or such later date as agreed to or notified by Baylin at its discretion). Any or all of the assets of the Baylin Vietnam Assets will be sold on an “as is, where is” basis, with no representation or warranties whatsoever.
All sales and transfer taxes, stamp duty, goods and services taxes (GST) or similar taxes, if any, relating to the sale of the Baylin Vietnam Assets shall be payable by the successful bidder.
For additional information, please see below and/or contact:
Unfortunately, a large percentage of our country doesn’t know of or care about Normandy.
This year, British artist Jamie, accompanied by numerous volunteers,took to the beaches of Normandy with rakes and stencils in hand to etch 9,000 silhouettes representing fallen people into the sand.
Titled The Fallen 9000, the piece is meant as a stark visual reminder of those who died during the D-Day beach landings at Arromanches on June 6th, 1944 during WWII.
The original team consisted of 60 volunteers but as word spread nearly 500 additional local residents arrived to help with the temporary installation that lasted only a few hours before being washed away by the tide.
9,000 Fallen Soldiers Etched into the Sand on Normandy Beach to Commemorate Peace Day.
What is surprising is that nothing about this was seen here in the US.
Someone from overseas had a friend that sent it with a note of gratitude for what the US started there.
Please share with others who understand “freedom is not free– nor has it ever been.
What an incredible job they did.
That was a massive undertaking. Now, if it had only been publicized here as it should have been. Most of the young people of today needed to see this. They have no concept of the extreme sacrifices made that gave them the privileges they have now.
Please see below the presentation I gave at Stanford University that is being used in the Stanford Engineering and Business Schools via STVP (Stanford Technology Ventures Program) and SCPD (Stanford Center for Professional Devlopment). “Early Warning Signs” and “Maximizing Value” for under-performing/distressed venture and senior lender backed Intellectual Property companies”.
About Gerbsman Partners
Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in underperforming, undercapitalized and undervalued companies and their intellectual properties. Since 2001, Gerbsman Partners has successfully maximized the values of 116 companies in a wide and diverse spectrum of industries, ranging from technology, life science, medical device, digital marketing, consumer to cyber security, to name only a few.
Since inception in 1980, Gerbsman Partners has successfully restructured/terminated over $810 million of real estate executory contracts and equipment lease/sub-debt obligations, and has been involved in over $2.3 billion of financings, restructuring and M&A transactions.
Gerbsman Partners has offices and strategic alliances in San Francisco, Orange County CA, Boston, New York, Washington DC, Mc Lean VA, Europe and Israel.
Silicon Valley Venture Capital Survey – Second Quarter 2022 By Cynthia Clarfield Hess, Mark A. LeahyOur survey analyzed the terms of 194 venture financings closed in the second quarter of 2022 by companies headquartered in Silicon Valley.Key Findings Include: The number of Q2 financings were down from both Q1 of this year and Q4 2021.
Down rounds in Q2 increased, but not by much.
Price changes showed more of a pullback in Q2.
The life sciences sector showed strength in Q2, though hardware faced headwinds.
What an incredible job they did.
Blog of Intellectual Capital 