Firsthand Technology Value Fund Inc (SVVC) 銘柄情報

Hopefully it start going the other direction. He is usually pretty good to follow just not yet on this one.

Starr Equity fund/ Jeff Eberwein investor activist has accumulated and continues to purchase shares. Currently has about 1.82 million shares or about 26% of 6.9 million outstanding. Wonder whats the play here. any thoughts ?

https://www.otcmarkets.com/filing/conv_pdf?id=17161707&guid=cyJ-keWSJ-XCJth

SVVC: Delisted from the Nasdaq to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

Firsthand Technology Value Fund Holding Hera Systems Selected for U.S. Space Force Tetra-5 Program
August 26 2022 - 09:15AM
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Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today that Hera Systems, a holding since 2015, has been selected to provide spacecraft and related capabilities to the Tetra-5 program for the U.S. Space Force.
The Tetra-5 program will develop and deploy a constellation of up to three prototype spacecraft to demonstrate key inspection and docking capabilities for on-orbit refueling and the use of next-generation autonomous collaboration techniques. The U.S. Space Force has awarded the contract to lead the Tetra-5 program to Orion Space Solutions with support from Hera Systems. The contract award, if all options are exercised, is valued at up to $44.5 million.

Under its agreement with Orion Space Solutions, Hera Systems will provide the advanced spacecraft, mission unique software, and associated digital twin support for the Tetra-5 constellation, which will operate in Geostationary Earth Orbit (GEO). For more information, please visit Hera Systems’ website at https://www.herasys.com.

About Firsthand Technology Value Fund
Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.

The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies. An investment in the Fund involves substantial risks, some of which are highlighted below. Please see the Fund’s public filings for more information about fees, expenses and risk. Past investment results do not provide any assurances about future results. Announced acquisition transactions about the Fund’s holdings, such as provided above, do not provide any indication about whether any other Fund holding will be acquired for a profit or otherwise will become a profitable investment.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund’s historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology and cleantech industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the Fund’s filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained. We acknowledge that, notwithstanding the foregoing, the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 does not apply to investment companies such as us.

Contact:

Phil Mosakowski
Firsthand Capital Management, Inc.
(408) 624-9526
vc@firsthandtvf.com



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$SVVC SaviBank Establishes Loan Production Team in Friday Harbor, Washington; Bruce Martin to Lead New Lending Team
Press Release | 09/07/2021
BURLINGTON, Wash., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced that it has formed a new lending team located in Friday Harbor, serving the business and personal lending needs in San Juan County, including San Juan, Orcas and Lopez islands. Leading the new lending team is Bruce Martin, Senior Vice President and Loan Production Manager.

“Our new lending team that we have built out in Friday Harbor presents a fantastic opportunity for Savi to enter a business-friendly market in San Juan County. Fortunately, we have four community bankers with roots in the area to carry out our mission and share our commitment to value,” said Andrew Hunter, President and CEO of SaviBank. “Leading the team is Bruce Martin, Senior Vice President and Loan Production Manager. Martin, who was formerly EVP/Chief Credit Officer with Islanders Bank, is a seasoned banker and proven leader, and we are excited to have him lead this new lending team as we expand our presence in San Juan County.”

Rounding out the team is Mike Taylor, Vice President and Commercial Loan Officer, Scott Sluis, Vice President and Commercial Loan Officer, and AJ Tokunaga, Vice President and Commercial & Mortgage Loan Officer. The entire lending team was formerly with Islanders Bank in San Juan County and collectively brings over 27 years of banking experience in the San Juan Islands.

“Over the past few years, we have been very active with growing the company and expanding our bank presence in and around the communities we serve,” said Michal D. Cann, Chairman and President of Savi Financial Corporation, and Chairman of SaviBank. “In January, after exploring opportunities to enter the mortgage lending market, we brought in a team of seasoned, qualified bankers to establish a mortgage lending division. In April, we closed on the purchase of the Freeland branch on Whidbey Island from Coastal Community Bank, and relocated from our existing Freeland branch to the new location. This new branch is in a better location, and will help us expand our footprint in Freeland and throughout Whidbey Island. All of these efforts complement our expansion efforts put into place in 2019, when we opened full-service branches in Concrete, Sedro-Woolley and Mount Vernon, relocated our loan production office into a full-service branch in Anacortes and relocated our Oak Harbor branch and our main Burlington branch. We will continue to look for ways to add new talent and expand our company franchise while supporting our customers and communities.”

About Savi Financial Corporation Inc. and SaviBank –

Savi Financial Corporation is the bank holding company which owns SaviBank. The Bank began operations April 11, 2005, and has 9 branch locations in Anacortes, Burlington, Bellingham, Concrete, Mount Vernon (2), Oak Harbor, Freeland and Sedro-Woolley, Washington. The Bank provides loan and deposit services to customers who are predominantly small and middle-market businesses and individuals in and around Skagit, Island, and Whatcom counties. As a locally-owned community bank, we believe that when everyone becomes Savi about their finances, our entire community benefits. Call us or stop by one of our branches and we’ll show you how to bank Savi. For additional information about SaviBank, visit; www.SaviBank.com.

Forward Looking Statement

This release may contain “forward-looking statements” that are subject to risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy and management’s plans and objectives for future operations are forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect,” and “intend” and words or phrases of similar meaning, as they relate to SaviBank or management, are intended to help identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although we believe that management’s expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward-looking statements are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include our ability to maintain or expand our market share or net interest margins, and to implement our marketing and growth strategies. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy, as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks may have a material adverse impact on our operations and business.

Contact: Michal D. Cann
Chairman & President
Savi Financial Corporation
(360) 707-2272

I like their business model....they profited from facebook and twitter IPO's.

On August 31, 2015 Firsthand Technology Value Fund, Inc. issued a press release announcing that that it will present at the SeeThruEquity Fall Microcap Conference in New York City on Thursday, September 10, 2015. Kevin Landis, the Fund’s CEO, will be reviewing SVVC’s investment strategy, discussing recent additions to the portfolio, and providing his outlook for the Fund and its investments.

Post-2000 Environmental Changes
§? Sarbanes-Oxley Act
§? Lack of Wall Street support for small caps
§? Ease of access to late-stage capital
Time to IPO Has Grown Longer
§? Private companies are more often being
acquired than going public.
§? We’re seeing more (and larger) late-stage
funding rounds.
§? Universe of public tech stocks has
contracted.
Source:
Na+onal
Venture
Capital
Associa+on
and
Thompson
Reuters
2

Fund Currently Trading at a Significant Discount to NAV
§? Fund NAV remains near record high
§? Disconnect between market price and book value
§? Source of frustration or opportunity, depending on perspective
§? Our goal: build on our record of good investments and successful exits to drive NAV
higher

Highlights per Co:
§? Equity BDC making venture capital investments in technology and cleantech companies
§? Investment objective: long-term capital appreciation
Quick Facts:
§? NASDAQ symbol: SVVC
§? Net asset value (NAV): $24.54 (as of June 30, 2015)
§? Stock price: $9.11 (as of September 4, 2015)
§? Discount to NAV: 62.88%

Highlights per co. brochure:
§? Equity BDC making venture capital investments in technology and cleantech companies
§? Investment objective: long-term capital appreciation
Quick Facts:
§? NASDAQ symbol: SVVC
§? Net asset value (NAV): $24.54 (as of June 30, 2015)
§? Stock price: $9.11 (as of September 4, 2015)
§? Discount to NAV: 62.88%

Firsthand Technology Value Fund ($SVVC) - realizing value: http://buysidenotes.com/2014/05/02/firsthand-tech-fund-svvc-realizing-value/

$SVVC and the hall of mirrors trade. http://buysidenotes.com/2014/03/17/firsthand-tech-fund-svvc-the-hall-of-mirrors-trade/

First Hand Technology in seekingalpha article here

http://seekingalpha.com/article/1437021-get-in-on-the-ground-floor-like-a-vc-with-public-bdcs?source=yahoo

Firsthand Technology Value Fund Discloses Top Portfolio Holdings

http://ih.advfn.com/p.php?pid=nmona&article=53784514

Firsthand Technology Value Fund, Inc. (Nasdaq:SVVC) (the "Fund"), a publicly-traded venture capital fund that invests in technology and cleantech companies, disclosed today that its top five holdings as of July 31, 2012 were Facebook, SolarCity, Intevac, Yelp and Silicon Genesis.

Facebook, Inc. (Nasdaq:FB) is an online social networking service with 955 million monthly active users worldwide. As of July 31, 2012, the Fund's investment in Facebook consisted of 600,000 shares of Class B common stock and represented approximately 6% of the Fund's estimated gross assets*.

Firsthand Technology Value Fund, Inc. (Nasdaq:SVVC) (the "Fund"), a publicly-traded venture capital fund that invests in technology and cleantech companies, announced that Facebook completed its initial public offering and began trading on Friday.

The Fund currently holds 600,000 shares of Facebook common stock, which closed its first day of trading at a price of $38.23 per share. The Fund's cost basis in Facebook stock is approximately $31.50 per share.

The Fund also announced today that its estimated gross assets* as of May 18, 2012 were approximately $210 million, or $24.51 per share. Current cash holdings total approximately $170.5 million, or approximately $19.93 per share.