Liquidate means to convert assets into cash or cash equivalents by selling them on the open market.
Liquidate is also a term used in bankruptcy procedures in which an entity chooses or is forced by a legal judgment or contract to turn assets into a "liquid" form (cash). In the investments arena, liquidation occurs when an investor decides to close out his or her position on a particular asset or security.
Forward-looking statements may include, but are not limited to, statements regarding stockholder liquidity and investment value and returns.
The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.
Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company makes.
Jawbone, which was once valued as high as billion by private market investors, is the latest pioneer of wearable electronics to throw in the towel.
Last year, smartwatch maker Pebble sold its assets to Fitbit in a fire sale.
The company has raised money for the new venture, but it's unclear how much, the source said.
Despite shuttering the business, Jawbone believes it is still worth a significant amount of money due to its pending litigation with rival Fitbit, according to the source.
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