For more information please visit SOURCEPramana, Inc.Aparna Sharma, . MathStar (OTC: MATH.PK) Board Mutiny Makes the Case to Tender to TiberiusCapital II, LLCCHICAGO, July 16 /PRNewswire/ — Tiberius Capital II, LLC (“Tiberius”), avalue-opportunity fund located in Chicago, commented today on the startlingnews that MathStar’s (Pink Sheets: MATH) long time Chairman, CEO and CFODouglas M. Pihl resigned from all positions on July 14, 2009.”We have greatrespect for Mr Pihl and his accomplishments,” said John M Fife, who alongwith Robert T Sullivan, is a principal of Tiberius Capital II, LLC.Mr Fifeadded, “If Mr. Pihl has abandoned ship, the Company must be in disarray andturmoil.”Tiberius is offering $1.25 per share in cash to all shareholders for all oftheir MathStar shares.The offer expires at 11:59 P.M. Pihl for having the courage to step up andcall out the remaining Board members on what appears to be, in Tiberius’opinion, a disastrous proposition for the MathStar shareholders,” stated Mr.Fife.Tiberius notes that the purpose of the Company’s announcement of thenon-binding proposed deal appears to be to create a “cloud of hope” that adeal might be on the horizon to dissuade MathStar shareholders from tenderingto Tiberius.Tiberius cautions MathStar shareholders not to be persuaded bythe Company’s announcement which provides no detail about the target, Sajan,or its financials, or its officers or directors, or how MathStar plans topreserve its net operating losses.Forward-looking StatementsThis press release contains forward-looking statements.
All statementscontained herein that are not clearly historical in nature or that maynecessarily depend on future events are forward-looking, and the words”anticipate,” “believe,” “expect,” “estimate,” “plan,” “potential,”"strategy,” “pursue,” and similar expressions are generally intended toidentify forward-looking statements. Such statements are based on management’scurrent expectations, but actual results may differ materially due to variousfactors such as delays in effecting the tender offer, unanticipated events,prolonged adverse conditions in the U.S. economy, and expectations regardingMathStar’s financial condition and liquidity. Forward-looking statementsinvolve risks and uncertainties.SOURCETiberius Capital, LLCMellon Investor Services LLC, 1-866-223-5707, for Tiberius Capital II, LLC. Tiberius Capital, LLC Urges AllPetroSearch Energy Corporation (PTSG.PK)Shareholders to Vote Against the Merger with Double Eagle Petroleum Co.CHICAGO, July 16 /PRNewswire/ — Tiberius Capital, LLC (“Tiberius”), avalue-opportunity fund located in Chicago, announced today that it is urgingall PetroSearch Energy Corporation (Pink Sheets: PTSG) (“PetroSearch”)shareholders to vote against the proposed merger with Double Eagle PetroleumCo.
(“Double Eagle”) that is scheduled for a vote at a Special Meeting calledfor August 4, 2009 at the law offices of PetroSearch’s counsel.”We are very disappointed that Mr. Dole and the PetroSearch Board elected notto meet with us to discuss Tiberius’ superior proposal,” said John M Fife,who, with Robert T. Collins were paid $1,950,000 on oraroundApril 2009, according to the Company 10-Q filed on May 15, 2009.Thisamount equates to $.047 per share of the shareholders’ cash thatthey took out of PetroSearch for themselves.”Once Tiberius gets majority control, Tiberius will explore all options to getmore cash and value to the PetroSearch shareholders,” said Mr Fife.Tiberiusurges all shareholders to call Mr. Dole at 713-961-9337 to tell him that theshareholders are not in favor of the proposed merger consideration, and thatMr. Dole and the PetroSearch Board should meet with Tiberius to discussTiberius’ superior offer for the benefit of all PetroSearch shareholders.Forward-looking StatementsThis press release contains forward-looking statements.
