"There have been a number of approaches by parties with a potential interest in making strategic investments and reflecting the stated value of the company at present," said a spokesman for INM.
The major part of this, the capital paid in by the common shareholders, is usually divided into two parts, one representing the par value, or stated value, of the shares, the other representing the excess over this amount.
In particular, 'helping students learn more effectively' (37, 55%) was found to be more frequently stated value of analytics compared to 'recruiting students' (29, 44%) area.
The company's remaining common stock will be exchanged for $42.50 in new senior debt securities of Reynolds and $42.50 stated value of a new preferred RJR stock, company officials said.
This could have also decreased the sensitivity of the test kit and thereby slightly lowering the positive predictive value (PPV) from the manufacturers stated value of 99% PPV.
But based on the fund's stated value of $18 million, much of that asset is apparently encumbered by debt.
