Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

[Japan M&A/Activism] Soft99 Plummets, Rebounds, Activist Rebuts, KeePer Lab Holds, MBO Extends

[Japan M&A/Activism] Soft99 Board Rebuts Effissimo's Rebuttal. Still An Awful "Fiduciary" Response

[Japan M&A] 99Soft MBO at 52% Premium Is Too Light But A Bump May Be Tough

[Japan M&A/Activism] The Nagging Little Detail In the Soft99 MBO Extension Target Doc

[Japan M&A/Activism] SOFT99 MBO Sees Activist EffissimoOverbid by 66%! Will This Set New Precedent?

Quiddity Advisors

Event-Driven

<ul>
<li>Today after the close, the <a href="https://www.smartkarma.com/entities/soft99-corp" target="_blank" data-smartkarma-citation="entities:18486:1" rel="noopener">Soft99 Corp (4464 JP)</a> Board of Directors came out AGAINST the Effissimo ¥4,100/share counterbid to the original ¥2,465/share MBO.</li>
<li><em>"The Special Committee advised that the Tender Offer would not contribute to the enhancement of the Company Group's corporate value, nor would it be fair to the Company's general shareholders."</em></li>
<li>¥2,465 is fair. ¥4,100 is not fair. Absolute hogwash. Unmitigated blatherskite. Pure trumpery. Codswallop, buncombe, taradiddle, balderdash, and nincompoopery too. I expound below.</li>
</ul>


Today after the close, the Soft99 Corp (4464 JP) Board of Directors came out AGAINST the Effissimo ¥4,100/share counterbid to the original ¥2,465/share MBO.
"The Special Committee advised that the Tender Offer would not contribute to the enhancement of the Company Group's corporate value, nor would it be fair to the Company's general shareholders."
¥2,465 is fair. ¥4,100 is not fair. Absolute hogwash. Unmitigated blatherskite. Pure trumpery. Codswallop, buncombe, taradiddle, balderdash, and nincompoopery too. I expound below.


[Japan M&A/Activism] Soft99 Board Comes Out Against Effissimo Bid 66% Above MBO Price