Monday, January 23, 2017 7:36:23 PM
GlobalScape GSB...application software cloud based...
GSB is on the speculation list...Intro page... GSB reports earninges Jan 26th after Market close...
Jan 10...
http://www.bizjournals.com/sanantonio/news/2017/01/10/dallas-investor-group-snaps-up-15-percent-stake-in.html?ana=yahoo
Long-time Globalscape Inc. board members sold $12.4 million of their shares to a Dallas-based investment group that now owns 15 percent of the San Antonio-based technology company.
Globalscape (Nasdaq: GSB) board chairman Thomas Brown sold 3 million shares to 210 Capital LLC. Brown held more than 5.6 million shares in Globalscape in May 2016, making him the largest individual stockholder. Roughly 200,000 shares of common stock was bought from Globalscape board member David Mann — with both deals at $3.88 per share in cash. Then the firm bought 281,507 shares of Globalscape stock on the open market.
Globalscape's stock was trading around $4.19 per share on Jan. 10.
"The buyer has agreed that for a period of one year following the closing of the transaction, it and its affiliates and associates will not engage in any solicitation of proxies or consents with respect to the election or removal of directors," according to the U.S. Securities and Exchange Commission filing.
The Dallas investment company agreed not to increase its ownership stake beyond 20 percent. As of Sept. 30, Wellington Management Co. LP was the largest institutional investor in Globalscape with 9.76 percent.
CCI reversing centerline UP
GSB
GSB is on the speculation list...Intro page... GSB reports earninges Jan 26th after Market close...
Jan 10...
http://www.bizjournals.com/sanantonio/news/2017/01/10/dallas-investor-group-snaps-up-15-percent-stake-in.html?ana=yahoo
Long-time Globalscape Inc. board members sold $12.4 million of their shares to a Dallas-based investment group that now owns 15 percent of the San Antonio-based technology company.
Globalscape (Nasdaq: GSB) board chairman Thomas Brown sold 3 million shares to 210 Capital LLC. Brown held more than 5.6 million shares in Globalscape in May 2016, making him the largest individual stockholder. Roughly 200,000 shares of common stock was bought from Globalscape board member David Mann — with both deals at $3.88 per share in cash. Then the firm bought 281,507 shares of Globalscape stock on the open market.
Globalscape's stock was trading around $4.19 per share on Jan. 10.
"The buyer has agreed that for a period of one year following the closing of the transaction, it and its affiliates and associates will not engage in any solicitation of proxies or consents with respect to the election or removal of directors," according to the U.S. Securities and Exchange Commission filing.
The Dallas investment company agreed not to increase its ownership stake beyond 20 percent. As of Sept. 30, Wellington Management Co. LP was the largest institutional investor in Globalscape with 9.76 percent.
CCI reversing centerline UP
GSB
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
