LiquiStat consists of records of trades that have taken place between investors in the secondary market.
For each transaction, we have collected information, including deal documents, on the buyers and sellers of the securities, the nature, rights, preferences, and privilleges of the securities, restrictions on resale inherent in the securities, and data on the issuer’s financial condition, among other factors.
The goal is, for each transaction, to discover, determine, and analyze the factors that were considered by the buyer and seller when making the decision to trade. These factors, then, represents the main drivers of value of the securities sold.
LiquiStat contains thousands of transactions in bankruptcy claims. These transactions have taken place at discounts from the face value of the claims.
The market for bankruptcy claims is unusually illiquid and inefficient and data on valuations is very hard to come by. Our access to data on a great number of prominent Chapter 11 cases puts us in a unique situation for valuing these claims. Our clients benefit from our updated knowledge of the cases, as well as the wealth of trading information in LiquiStat.