Investing in building products, electronics & IT companies.
Tedea still owns assets with real value, but the common-equity layer remains too thin because debt, SAFE instruments, preferred shares, and options absorb most of the path between operating value and the parent company.
Tedea's parent company bought time in 2025 through realizations, loan recoveries, and the cleanup of bank debt, but it still has not built an independent cash source. That makes 2026 a test year in which the optionality inside the assets has to start turning into cash at the par…
In Centerity, Tedea's ownership percentage is economically misleading because USD 1.691 million of value sits deep beneath USD 59.025 million of liquidation preferences, leaving Tedea with only a thin CLA recovery worth USD 77.4 thousand.
Questar carries a real USD 31.0 million operating value, but a USD 28.264 million obligation stack, including a USD 6.0 million SAFE line, cuts that number down to only USD 7.6 million of equity. After the ownership layer and the waterfall model, Tedea itself is left with only a…
