Safeguard Scientifics, Inc. (NYSE:SFE) Q3 2023 Earnings Call Transcript

Mark Herndon: That is correct. That is correct.

Sherry Rubinstein: And may receive the check, it’s a brokerage, I had [indiscernible] is that the way it works [indiscernible]?

Mark Herndon: Yes, that would all be handled through your brokerage account.

Sherry Rubinstein: Okay. All right, and I will give them a call. Thank you for all the information. I think it’s confusing to me.

Mark Herndon: You’re welcome. I understand.

Operator: There are no audio questions left in queue. I will turn it back to management for closing comments.

Eric Salzman: Yes. We have one more question #18. At what point would you expect to have clarity on whether [indiscernible] will continue to trade OTC or not? So as we said, we are starting to work with OTC, depending on the different levels within OTC, you need a market maker and so forth. So we have every incentive to try to make that happen to make that work. So we’ll do everything we can to see if we can get market makers to see if it can trade on one level, there’s no assurance that it will. Obviously, keep in mind that if we are a non-reporting company, so we’ll not be filing the equivalent of 10-Ks or 10-Qs, then it’s going to trade differently than proper NASDAQ listed company with Ks and Qs, although our current recent trade has been quite limited or episodic, if you will.

So we’ll do everything we can to try to achieve that. At this point, we can commit to trying we can’t commit to having it done subject to things that we are working on. Okay. It looks like that was the last question. So just to wrap up, I want to thank you for joining us on our call today. Please contact us if you have any questions, we’ll either answer the questions directly or [indiscernible] in touch with Computershare, whoever else to try to help you understand the transaction and address any questions or concerns you have. Thanks a lot. Have a good evening.

Operator: Thank you. This does conclude today’s teleconference. You may disconnect your lines at this time. Thank you for your participation, and have a great day.