InvestorsHub Logo
Followers 113
Posts 19900
Boards Moderated 1
Alias Born 03/28/2007

Re: dshade post# 40782

Wednesday, 08/19/2015 9:16:52 AM

Wednesday, August 19, 2015 9:16:52 AM

Post# of 104535
They're obviously not stupid or are being advised by someone because those 4.35m shares were acquired in Dec '14, which surprise surprise was at a near 2nd half of 2014 low (still applies) At least they are selling in a responsible manner and have shown how and when to expect shares to hit the market. This is no big deal IMO.

"Pursuant to a settlement of previous claims, debt arrangements and personal guarantees between the Trust and certain third parties, on December 3, 2014 the Trust acquired an additional 4,350,000 shares of common stock of the Company (the “Additional Shares”). The Trust will sell the Additional Shares and other shares of common stock of the Company that it owns in an orderly fashion and as the market conditions permit, in order to satisfy certain obligations of these third parties and otherwise comply with the terms of the settlement. Once these obligations are satisfied, the additional proceeds from the sale of the Company’s common stock will be divided between the Trust and the third parties pursuant to an agreed upon formula.

IT'S BETTER TO TRY AND FAIL....THAN FAIL TO TRY! NEVER GIVE UP

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.