Idera Pharmaceuticals Inc (IDRA)

[Citrati]

Excerpt from post on another site.

"- Pillar is a strategic shareholder in Idera that manages and control 21.5 million shares and has 9.5 million warrants. These shares are held in different funds for different limited partners. Pillar has total management control.
- The above number of shares include $3.75 million that were invested in October 2016 offering of the company at $2 per share to buy 1.875M shares as well as $2 million that were invested in November 2016 to exercise 1.37M shares at $1.46 per share. Total invested in 2016 was $5.75 million to buy 3.2M shares.
- Pillar has technical needs for different funds it manages that it meets by selling small number of shares.
*In the last 6 months Pillar bought a total of 3.2M shares and sold a total of 1.3M shares in April, or 40% of what was acquired in the last six months.
*These April sales represent a mere 4% of Pillar's total position.
*Pillar expects to maintain a policy of tactical sales to meet limited obligations in the short term with the overwhelming position, acquired between 2011 and 2013, to be strategic in nature for long term value inflection points."