Tuesday, February 21, 2017 10:56:15 PM
So Anson, CVI and Intracoastal are part of the original 9 investors that got 3 warrants for 1 share in 2013 that did not work out as they thought. This created the opportunity for all of us to purchase.
These three probably have "Blocker" provisions that prohibit them from going over 5%. Means they sell shares when they exercise Warrants.
So these three normally make a quick $$ and sell.They had to be selling today and I would think tomorrow. Interesting to see.
What is important Arch got the $$$.
http://ir.archtherapeutics.com/all-sec-filings/content/0001144204-17-009992/0001144204-17-009992.pdf
Director James Sulat only took 1.64% of the offering.
–Anson Investments bought 3,333,333 shares.
–CVI Investments bought 3,333,333 shares.
–Intracoastal Capital bought 3,333,333 shares.
–James Sulat’s 3 trusts bought a combined total of only 166,665 shares.
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