The selling stockholders' question matters most.
When the "Unverified participant" asked about the status of the "selling stockholders"--those who desired to sell 36.6 million shares (see the list below), the response was poor.
In fact, even though NHLD has hired the Investor Relations firm Prosek Partners represented by Nick Rust, he obviously had not reviewed the S-1, where NHLD states, "We have agreed with the selling stockholders to keep the registration statement of which this prospectus constitutes a part effective until the earlier of (1) such time as all of the shares covered by this prospectus have been disposed of pursuant to and in accordance with the registration statement or (2) the date on which the shares may be sold without the requirement to be in compliance with Rule 144(c)(1) (or any successor thereto) promulgated under the Securities Act."
Two questions for Nick:
Have the shares been sold?
What is the date on which the shares may be sold without the registration?
It seems to me, it will take a long time to go through 36.6 million shares when the average daily volume is 0.2+ million shares.
Here is the list of stockholders who said they wanted to sell the 36,608,592 shares:
Name of Beneficial Owner, owned, and to be sold
Iroquois Master Fund Ltd. (1) 3,833,333 3,833,333
Stephen Nicholas 2,333,333 2,333,333
Chestnut Ridge Partners, LP (2) 1,000,000 1,000,000
Jeffrey Raymond Perry 750,000 750,000
David Wasserman 700,000 700,000
Helmsquire Holdings Limited (3) 700,000 700,000
Lincoln Capital LLC (4) 333,333 333,333
Sentinel Capital Solutions (5) 333,333 333,333
Rockmore Investment Master Fund Ltd. (6)333,333 333,333
Merav Abbe Irrevocable Trust (7) 166,666 166,666
Kensington Trust (8) 166,666 166,666
American Capital Management LLC (9) 333,332 333,332
Eric H. Jensen 166,666 166,666
David Gage 100,000 100,000
Five Stones 1, LLC (10) 166,667 166,667
Mitchell Katz 833,333 833,333
Michael Kramer 500,000 500,000
Lowell Kraff 900,000 900,000
William Veghte 500,000 500,000
Jeffrey Gould 333,334 333,334
Leonard Lichter 250,000 250,000
Stephen Nicholas 1,000,000 1,000,000
M Klein and Company # (11) 10,429,855 1,083,333
Leonard Potter 350,000 350,000
Kerry Propper # 100,000 100,000
Richard Winiarski 1,000,000 1,000,000
Melby Lane Partners, LLC (13) 333,333 333,333
Cutter Mill Partners LLC (14) 1,333,333 1,333,333
David Wasserman 800,000 800,000
Scott Cohen 333,334 333,334
Richard Abbe as custodian for Talia Abbe55,557 55,557
Richard Abbe as custodian for Bennet 55,557 55,557
Richard Abbe as custodian for Samantha 55,557 55,557
Mark Goldwasser # 2,945,685 66,667
Leonard Sokolow # 1,476,956 33,334
Toby Fagenson Trust #1, Robert Fagen 8,681,293 166,667
Powers Private Equity LLC (21) 1,666,667 1,666,667
Judd R. Marmon 100,000 100,000
Michael Gross 1,000,000 1,000,000
Moors and Mendon Master Fund LP 1,666,667 1,666,667
Brad Chase 1,666,667 1,666,667
Brian D. Gordon 1,000,000 1,000,000
Quaker Ridge Partners LLC (23) 833,334 833,334
Stuart Lichter 833,334 833,334
William Groenveld # 32,000 32,000
Pramis Small Capitalization Core Comm 4,332,860 4,332,860
Tucson Supplemental Retirement Sys 128,240 128,240
Bost & Co fbo South Carolina Retiremen 1,390,490 1,390,490
Alan Levin # 40,500 25,000
Jonathan C. Rich # 50,000 50,000
Harry S. Awadalla 116,666 116,666
Gregory Fortunoff # 100,000 100,000
JET Equity Partners, LP (25) 166,666 166,666
