Dr. Frost sold 300k shares through Frost Gamma Investments Trust, and 811k shares through Phillip and Patricia Frost Philanthropic Foundation. Both appears to have occurred on June 21st, after the BSR attack. So there's a test in the day on the stock. It would be a big positive if the stock can manage to close unchanged or even go slightly positive. Hope it just continues its BB tightening process.
Frost likely didn't like the price reaction to BSR attack. So he reduced exposure slightly. It is also conceivable that his Philanthropic Foundation might have a near-term fund need. So he couldn't afford to subject all of it to near-term volatility, thus why he reduced ~1/4 in that part of holding which was also the bulk of the reduction.
Furthermore, he likely needs money to continue his purchase of OPK shares. Lakewood Capital pointed out back in 2013 that Frost knew that he needs to keep on purchasing OPK shares. Otherwise, the stock could collapse. He's been out there buying OPK shares in the open market for years. And his stake in OPK has now grown to over $1.8B worth. So he just can't afford to stop. One might reasonably suspect that he liquidated his entire Pershing Gold holding in May at least partly because he wants to fund his ongoing OPK share purchases.
The notion that Frost "knows something" when he buys or sells shares is a myth. That's according to Lakewood, who pointed out that despite Frost's continuing purchases of OPK shares, the company's endeavors continued to fail miserably. Dr. Frost's share purchase is merely a reflection of his own belief that he himself is capable of making OPK a great success in the end.
Now that's the company he runs himself. Regarding CDXC, he is not even a board member. He is just a major shareholder (still 10+% after the reduction). So no, he does not know something you don't about CDXC. Oh, that's assuming you have done your own research on CDXC.
It's now obviously that Dr. Frost was unlikely part of the early June $5.25 million registered direct offering. That commitment most likely came from Honig/Brauser, if I have to guess.
