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Article: How Low Can It Go?(Diamond State Ventures investment in Delano Technology Corp., sotck hits all-time low)(Brief Article)(Statistical Data Included)
- Article from:
- Arkansas Business
- Article date:
- June 25, 2001
CopyrightCOPYRIGHT 2001 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Stock in Delano Technology Corp. (NasdaqNM:DTEC) hit an an all-time low of 38 cents per share on Thursday.
So who cares about an obscure techno company in Markham, Ontario?
The folks at Diamond State Ventures do. After all, the private venture capital fund operated by Arkansas Capital Corp. owns an estimated 135,000 of those devalued Delano shares.
Back in October, DSV's shares in Delano were worth about $1.8 million. They represented 80 percent of DSV's take when Delano bought Digital Archaeology, a suburban Kansas City tech company in which DSV has invested $750,000.
The combination of Delano shares and a cash payment ...