Finjan Holdings Inc (FNJN)

[lbcb123]

"Rule 13d-3(d)(1)(i) provides that a person is deemed to be the beneficial owner of a security if that person has the right to acquire beneficial ownership of that security within 60 days. For example, a person is deemed to beneficially own equity securities that the person has the right to acquire within 60 days by virtue of: (1) the exercise of any option, warrant or right"

I believe they probably should have filed a 13-G last year within 10 days of when their warrants became eligible to be redeemed, but they are considered beneficial owners just by virtue of having the right to redeem the warrants and this is why they made the filing. It does NOT mean they actually exercised the warrants!

Not a problem. Happy with $5 - $8 a share after terms of settlement are disclosed.