Laxai Pharma Ltd (fka LAXAF)

[rbd317]

Friedberg Investment Management filed schedule 13F today and it reported new acquisition of a very small amount ie 250 shares.

Laxai Pharma, Ltd. COM M6717V108 0 250 SH SOLE 0 250

http://www.sec.gov/Archives/edgar/data/1381859/000138185910000006/q3.txt

What could be the reason for the purchase of nominal shares?

http://friedberginvestments.com/

Cut-off date of portfolio holiding is September 30. We'll know if they have added more shares only in the next cut off which is December 31 to be filed on or before February 15, 2011.

GLTA!