It’s Trafelet
See post #584.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33121074
Trafelet's holdings before his sales last fall
4,517,647 shares of common stock (before the recent sales)
960,000 warrants, each convertible at $.50 to one share of common stock,
expiring 3/24/10
2,851,686 Series A Shares, each convertible at $1.01 per share into about
1.485 shares of common stock. If these shares aren’t converted
prior to March 15, 2010, they are redeemable for $1.50 per
share + unpaid dividends.
(Don’t know if this means the company must redeem them.)
I don’t have time to re-check the details now, but this was my understanding of conversion prices/amounts when I looked into it last fall.
