Update - More Selling
Sold Last Thursday
Trade Date Mar 2, 2017
868,589 Shs Sold At $0.49
Filing Date Mar 6, 2017
Insider Form-4 Selling
* Oct 14th - Mar 2nd there were a total of
14,314,057 Shs sold by Maxwell Pte Ltd.
They are wholly-owned by Cairnhill Inv,
which is wholly-owned by Fullerton Ltd,
which is wholly-owned by Temasek Hldgs.
( 6,908,452 <--- DEC1 ---> 7,405,605 )
Jan 2017 - R Asadorian CFO - Sold = 29,186
Nov 2016 - John Melo, CEO - Sold = 37,580
Nov 2016 - J Cherry, Pes R&D - Sold = 9,301
* All In Addition To Other Dilutive Events
TOTAL SINCE OCT 28, 2016 = 14,390,124
Form D's & S-3 Since Dec 2016
Approx Sh Equivalent Guess = 74,648,300
Recent March 3rd 8-K Convertible Note
Approx Sh Equivalent Guess = 7,872,340
Current March 2017 Outstanding Shs
Guessing about 368,885,155 or even higher
( Sept 2015 the OS was only 140,374,297 )
ATM (At The Market) Dilution
< On March 8, 2016 the company entered into an "At The Market (ATM)" Issuance Sales Agreement with FBR Capital Markets & Co. under which the Company may issue and sell shares of its common stock having an aggregate offering price of up to $50M from time to time. >
That could be an additional 100,000,000 Shs
diluted into the OS and Float at today's pps.
Just My Opinion
AI
