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Re: Schnauzer1 post# 40517

Friday, 09/11/2015 1:28:46 AM

Friday, September 11, 2015 1:28:46 AM

Post# of 700605
That's correct. It makes sense that we have not seen a 13g for the Patient Capital Trust Fund yet because they must have breached the 5% reporting threshold recently and will be reportable as of 9/30/15. The Equity Income Fund has a size of $10.2 billion. The NWBO position in that fund as of 6/30/15 (using today's share price) is about 1%. It's not a top-10 holding, so it's difficult to determine the current position. If NWBO's position in the Patient Capital Trust is 4%, then it makes sense that he would/may increase the position in Equity Income too. However, the float is beginning to get really tight. My guess is he takes a direct placement from Linda in the coming weeks.
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