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Monday, August 17, 2015 4:44:16 PM
Wynnefield locking in losses of over $3 a share on the 400k share transaction to Drexler for $5.48.
Wynnefield bought those shares for just under $9 a little over a year ago on 1.04m shares.
That is about a $1.5m loss they locked in on the private transaction to Drexler and another $2m loss on their current holdings.
If Wynnefield was buying back a minor 50K shares back as a stroke to COB appointment then where do they recapture their huge $3.5m in losses on only 60% of their original holdings?
I believe this was a hedging arrangement with Consac, LLC. The similarities are too coincidental to Ryan's losing investment in ZQK that I have proved that Ryan has lost almost $10m on an $11m investment in Quiksilver in just over a year and a half. Same letters to management that Ryan sent to Quiksilver management, Obus sent to MusclePharm. Ryan and Obus show massive losses on paper but suspicious transaction trails.
I believe my source is correct regarding my posts here a fortnight ago.
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