Mikros Systems Corp. (fka MKRS)

[NedBraden]

Zeff Capital filed a 13 G today stating it no longer owns over 5% outstanding shares.

Look like they sold roughly 600K shares (5.1% ownership to 3.4% ownership) so they apparently are on their way to liquidating position. They still own 1.2 MM shares so plenty of headwinds to share price.

Either they were caught surprised by the ADEPT funding cut and are not happy with direction of the company or just took the opportunity to move onto better opportunities.

The timing of the add on funding of ADSSS after the notification from the Navy with regards to ADEPT (and burying the filing on a Saturday) does not really speak to Mikros management credibility. They could have managed the APDEPT message with the ADSSS funding to calm investors but shame on me for thinking Meaney knows what he is doing.

I did not sell. I still hope for a sale of the company but now would gladly take $0.25-$0.50 per share at this point. Just brutal.