$AFFY .08 interesting new DD:
On September 19th 2014, Couchman acquired 1,875,877 shares of AFFY which was 5% of the OS at the time when it was around 37,490,000. 37,490,000 was also the number of shares held at the DTC 3 weeks ago.
I’m going to try and dig around to see when the OS was increased to 74,490,000 (exactly 37 million more)
I have also been researching more about increased DTC held shares and so far it sounds like quality shell companies will make sure all of their shares are DTC qualified prior to a merger.
Wouldn’t be surprised if we see updated filings drop at some point here.
I think Couchman if following ENZN’s footsteps. Couchman owns over 10% of that one and Carl Icahn owns 49% of it. It’s possible that Couchman does a rights offering with the remaining 37 million shares like ENZN did for .15 to add $44 million cash. The two companies now have very similar OS and DTC held shares:
AFFY: 74,490,095 OS, 73,793,705 DTC held shares
ENZN: 74,214,603 OS, 74,089,437 DTC held shares.
