Crossroads Capital (XRDC) Says Portfolio Company Ceased Operations
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Crossroads Capital Announces Portfolio Company Shutdown
September 21, 2016 4:31 PM EDTLINCOLN, Neb., Sept. 21, 2016 /PRNewswire/ -- Crossroads Capital, Inc. (Nasdaq: XRDC) (the "Company") has announced that Mode Media Corporation ("Mode Media"), a Crossroads Capital portfolio company, ceased operations on September 15, 2016.Â
The fair value of the Company's investment in Mode Media as of June 30, 2016, was $1,410,000 and represented 4.6% of net assets. The Company anticipates a write-down of this investment as a result of the cessation of operations.
At this time, the Company cannot estimate the proceeds, if any, that it will receive from its investment in Mode Media. However,... More
