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Thursday, June 30, 2016 10:41:25 PM
The website below looks fairly accurate showing Limpert did own in sept 2014 >>>
LIMPERT ANDREW Officer 09/04/2014 Automatic Sell direct 1,149 4.8300 3,021,937
http://www.nasdaq.com/symbol/pfie/insider-trades
He is an owner of more than 5% of the outstanding shares though if that number is accurate above;So he probably would have to file 13D if he goes under 5%? Not sure about all of the legalize involved.
O/S/ IS 53,316,134 and he did own 3,021,937 Five percent of O/S is 2,665,807
As well there are at least 4 other "institutions" that own over 500,000 shares so it could be one of them;That website above shows the institutional holders.
Or it could be a whale that bought up a lot of shares at lower prices and are unloading their shares for whatever reason.
Your theory is probably more accurate than we know and a deal was made "behind the scenes" for PFIE to acquire someones shares prior to the press release that went out on the company acquiring up to 2 million worth of stock.
There are always forces at work on every stock that us peons don't/won't know about until some time in the future.Whereas the company knows exactly what is going on.
Maybe the selling has something to do with doughnuts?
"Who knows what evil lurks in the hearts of men? The Shadow knows!"
"Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing."
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