SantiSook
$CVV The Saugerties facility that they retained ownership of after the sale of SDC to Atlas Copco is likely valued a bit higher than I initially valued due to the building's cleanroom between 4000 and 5000 square feet which was built to ISO 4 and ISO 5 standards. The ISO 4 standard makes this building worth around $4 million vs my earlier estimate of around $2.5 million to $3.0 million.
So the Saugerties property plus the Central Islip property is likely worth at least $30 million combined, and as much as $35 million if they find an ideal buyer for Central Islip.
These properties are worth more than the company is being valued at, plus the company will end Q3 with about 24.5 million in working capital.
I'm not sure what the tax rate and fees will be on the sale. I'm also not sure if the retain tax loss caryforwards after the SDC sale.
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