Holmes has paid cash for only about 8M of his common shares..The rest of his 15M shares were given to him as dividends on his Series J Preferred share invesment..In his most recent filing the 3m+ shares again were awarded to him as dividends..They were not purchased in cash as you say!! In addition, Holmes himself now owns zero shares in NXXI because the filing clearly states that all of his shares were transferred to Pharmchem which is his company..
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