The PC police removed the post(off topic???), so I'll edit to satisfy them.
These filings have to be done every year by 5% holders (or when moving above or below that threshold). It's interesting to look at the new Fletcher filing, compared to last year.
This year - 8.4% (based on 165,141,861 shares of Common Stock of the Company consisting of (i) 151,205,984 shares reported by the Company to FAM to be outstanding as of July 31, 2011 and (ii) 13,935,877 shares of Common Stock underlying the Warrants (as defined below) issuable within 60 days as of December 31, 2012).
Last year - 9.6% (based on 145,265,814 shares of Common Stock of the Company consisting of (i) 140,766,444 shares reported by the Company to FIL to be outstanding as of June 30, 2011 and (ii) 4,499,370 shares of Common Stock underlying the Warrants (as defined below) issuable within 60 days as of December 31, 2011).
As you can see, July 31, 2011 is not up to date information, and only a month different than last years filing. It makes you wonder if these institutions, frustrated with this lack of information, complained to the SEC. What I would like explained to me is the aggregate number beneficially owned. It's the same amount(13,935,877) in both filings, but the new filing has that amount as underlying the warrants???
