2.96% of the float was bought today so that was huge volume on TDII. In fact in April someone bought 30K shares in advance of the merger news it appears. So that is 39,300 of 314,000 or 12.51% of the FLOAT. Since they have common shares like us I doubt very much they will do anything negative to common shares. Remember, the Japanese and their markets have integrity unlike regulators in the USA.
From the PR:
In a purchase agreement dated March 31, 2006, DIJ entered into a definitive agreement to purchase fifty and point nine percent (50.9%) of the issued and outstanding common stock of Triad Industries, Inc. from an independent group of TDII shareholders.
From daily list:
NAME/SYMBOL CHANGES
DL DATE DATE OLD SYMBOL/NAME NEW SYMBOL/NAME
04/14/2000 04/17/2000 WSOX** United Sports International Inc TDII Tour Design International Inc (1-35 R/S & N/C)
From 10K March 2000: Common Stock 8,658,307 Shares Outstanding . These motions were voted on by approximately 79% of the Companys outstanding common stock. So collectively these folks had 6.8M shares.
For Against Abstain
Gary DeGano 6,797,904 0 0
Linda M. Bryson 6,797,904 0 0
Michael Kelleher 6,797,904 0 0
J. William Byrd 6,797,904 0 0
David Czoske 6,797,904 0 0
Richard Furlong 6,797,904 0 0
James Crowell 6,797,904 0 0
One also sees these people owned 1,925,792 shares.
Gary DeGano 295,000
Linda Bryson 264,000
Michael Kelleher 249,900
J. William Byrd 463,946
Richard Furlong 463,946
James B. Crowell 189,000
That leaves David Czoske owning 4.87M shares or so in my opinion. This is only 139,145 shares after the RS however.
Gary, William, Richard, and James no longer appear as officers. This is another 1.4M shares or 40,345 shares post RS or so. That takes us to around 180,000 shares or so. These seem to be the former insiders who made the deal? Am I correct in assumming independant means no longer affiliated with the company?
From 10K on March 31st 2006:
It appears insiders controlled 231,499 shares on 12/31/2005. This includes the recent form 5's. Notice only one major shareholder other than officers are listed and they are a company related to an officer. Notice the PR says from independant shre holders.
Title of Amount
Name Position Class of Shares Percentage
Linda Bryson, President / Common 80,877 (D) 13%
9980 Scripps Vista Way Director 44,433 (I)** 7.5%
# 96
San Diego, CA 92131
Michael Kelleher Secretary Common 73,897 (D) 12%
122 E. Grand Ave Director
Escondido, CA 92025
Roger Coleman Jr.* Director Common 9,792 (D) 1%
2175 Zion Park Blvd 22,500 (I) 4%
Springdale, UT 84747
Management as a Group Directly 164,566 26%
Indirectly 66,933 11%
Others owning more than 5%
Escondido Capital, Inc** Common 28,903 5%
PO Box 506748
San Diego, CA 92150
Recent trades:
04/21/06 0.450 0.750 0.450 0.720 9,300
04/20/06 0.350 0.350 0.350 0.350 10,000
04/19/06 0.300 0.300 0.300 0.300 10,000
04/04/06 0.250 0.250 0.250 0.250 10,000
