GRN Holding Corp (GRNF)

[1543]

A small hypothesis on what happened on 9/12.

I generated the following table from rummaging through the SEC filings and mapping ownership across recent events: before issue event, then the issue event where non-issued shares were issued to the managing partners of DCDG, then before and after the reverse merger. The 21.6M shares sold on 9/12 are a close match to Steven Ross's holdings. Another 7.5M shares were sold on 9/13, and 5.9M shares sold on 9/16. Don't know if Steven's shares are restricted or not. Don't know who owns the 79M shares that were giving as PIK over the years. The inference is that Steven Ross (or his heir?) dumped his shares and is now driving a Lamborghini.


Ownership Ownership Ownership Ownership
Common Shares Before Issue Issue Event Before RM After RM
Stephen Flechner 1,850,000 69,500,000 71,350,000 1,850,000
Ralph Shearing 4,779,487 4,779,487 4,779,487
David J Cutler 650,000 69,500,000 70,150,000 650,000
Steven Ross 24,688,481 24,688,481 24,688,481
GRN Funds 0 0 139,000,000
(PIK lawyers,etc.)79,032,032 79,032,032 79,032,032
Non-issued 139,000,000 0