Hello Jay,
Just a couple FYI's regarding your recent post:
"From other directions. Parlux directors given stock options during this time. American Dairy requests and receives an expedited Shelf Registration from the SEC. "
I assume these were included due to the Pike investment in SPNG. I may have missed something, but I saw nothing that tied either of the events mentioned to any October SPNG activity.
The Parlux option issuances were just their annual director payments of 15,000 options each.....they were issued at the same exact time in 2008 and weren't tied to any special event.
I'm not sure if you noticed, but Pike filed a Form 13 G/A just a week ago which had the sole purpose of providing notice that his holdings in American Dairy had dropped below 5%.
"And interestingly, Pike reporting a total acquisition of 42 million shares during the week on a Form 4 filing. The referenced filing, however, reflecting an increase in his holdings of 113,407,781 shares. The other 71,407,781 shares? "
Unfortunately your analysis results from a misreading of the form. The Pike holdings are in two Funds, which held a total of 100,000,000 prior to the referenced filing. The first 4 columns of column 4 are additions to Fund A and the second four items in column 4 are additions to Fund B. The new cumulative totals for each fund are the 4th and 8th items in column 5. The form is mathematically accurate and complete. (It was incorrect to call the difference between the first and last items in column 5 "an increase in his holdings of 113,407,781 shares.")
AI
