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Re: antihama post# 1965

Sunday, 12/24/2017 10:05:44 AM

Sunday, December 24, 2017 10:05:44 AM

Post# of 3283
Spectrum acquired 1,519,096 CASI shares at par value [$.01] or $15,190.96 as per FORM 4

https://www.sec.gov/Archives/edgar/data/831547/000120919117067043/xslF345X03/doc4.xml

So right now they control 11,547675 sh of CASI. That bumps ownership in CASI to over 17%. At the end (more precisely Sept 17, 2019) of the day expect Spectrum to have 20ish % ownership. From the 10k

Additionally, under certain conditions which generally expire on September 17, 2019 , we have a right to receive additional CASI common stock [at par value] in order to maintain our post-investment ownership percentage if CASI issues additional securities.