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No, that is not what it means. The

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1manband Member Level  Tuesday, 05/29/12 02:04:10 AM
Re: farfromrich post# 67913
Post # of 88572 
No, that is not what it means. The table discloses in footnotes 4 and 5 (the numbers next to their names!) that Perttu and Hollis own NO common shares. That is clear as day. All the shares represented in the table are from the convertible preferred, according to the footnote. Under SEC regulations, the table has to include all shares represented by convertible instruments exercisable within 60 days. The table includes that footnote as well.

So what it means is that Hollis and Perttu have SOLD ALL of the common shares each was disclosed to have owned in prior SEC filings. And they didn't file the legally required Form 4's disclosing when they sold and at what price.

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