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Wednesday, November 19, 2014 7:15:59 PM
"Since 2004, Toucan Capital Fund II, L.P. (“Toucan Capital”), Toucan Partners LLC (“Toucan Partners”),
entities controlled by Ms. Linda Powers, our CEO and the managing director of Toucan Capital and managing
member of Toucan Partners, and Ms. Linda Powers (collectively “Toucan”) have provided substantial funding
to us. From 2004 to date, Toucan has provided ongoing financings to us through the purchase of common stock, preferred stock (which was all converted to common stock), loans and debt securities. As of September 30, 2014, Toucan (other than Cognate) held approximately 5% of common stock outstanding. "
The previous 10-Q (8/15/2014) showed Toucan with 7%.
The 5/15/2014 10-Q showed Toucan with 8%.
It certainly looks like Toucan/Linda has been selling. No need to listen to the "Linda has never sold a share" nonsense from the PUMPERS. Also deflates the Linda "skin in the game" argument quite a bit. Less
.....Even with dilution through financing not sure if the numbers make sense...
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