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Re: Traderfan post# 9907

Wednesday, 07/19/2017 11:29:55 PM

Wednesday, July 19, 2017 11:29:55 PM

Post# of 12924
Perhaps you should take a look at DRYS if you're interested.

Some stock purchase agreement where Kalani gets the shares at a discount using some complicated formula and then sells them.

https://www.sec.gov/Archives/edgar/data/1308858/000091957417002149/s7407939_ex1-1.htm

Right now it has a $17M market cap.

Weird this, from the 20-F

Based on 87,515,563 common shares outstanding as of March 2, 2017.



As of March 2, 2017, we had 7 shareholders of record, all of which were located in the United States and held an aggregate of 87,515,563 of our common shares, representing 100% of our outstanding common shares. However, one of the U.S. shareholders of record is CEDE & CO., a nominee of The Depository Trust Company, which held 87,510,567 of our common shares as of March 2, 2017. Accordingly, we believe that the shares held by CEDE & CO. include common shares beneficially owned by both holders in the United States and non-U.S. beneficial owners. We are not aware of any arrangements the operation of which may at a subsequent date result in our change of control.



They are paying a quarterly cash dividend of $2.5M and the CEO owns 9,837 shares as of March 10. WTF?



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