{"id":491,"date":"2003-07-19T00:00:00","date_gmt":"2003-07-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"rand-capitals-net-asset-value-declines-slightly","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2003\/rand-capitals-net-asset-value-declines-slightly.html","title":{"rendered":"Rand Capital&#8217;s Net Asset Value Declines Slightly"},"content":{"rendered":"<p>Rand Capital Corp. closed the second quarter with a net asset value of $1.65 per share, down a penny a share from the first quarter.<\/p>\n<p>  The Buffalo-based venture capital firm has total assets of $9.4 million, including $2 million in cash.<\/p>\n<p>  Rand made several investments during the quarter. The firm participated in a buyout of Topps Meat Co. of Elizabeth, N.J., investing $259,000 in a combination of preferred and common stock.<\/p>\n<p>  Rand also participated in the $18 million financing of Amherst- based Ultra-Scan Corp. led by Tom Golisano, the chief executive officer of Paychex and owner of the Buffalo Sabres, by converting a  $200,000 loan into preferred stock.<\/p>\n<p>  The firm&#8217;s third move was an additional $250,000 investment in Kionix, an Ithaca company developing micromachining technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rand Capital Corp. closed the second quarter with a net asset value of $1.65 per share, down a penny a share from the first quarter. The Buffalo-based venture capital firm has total assets of $9.4 million, including $2 million in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-491","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=491"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/491\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}