Wednesday, September 11, 2013 11:06:25 PM
this paragraph sticks out:
This Amendment No. 4 is filed to amend certain items of the Schedule 13D filed by the reporting persons on March 16, 2011, as amended by (i) Amendment No. 1 also filed on March 16, 2011, (ii) Amendment No. 2 filed on March 2, 2012 and (iii) Amendment No. 3 filed on June 15, 2012 (as amended by the three amendments, the “ Schedule 13D ”).
This Amendment No. 4 reflects the purchase of 2,078,668 shares of GTx, Inc. common stock (“ GTx common stock ”) subsequent to the filing of Amendment No. 3. These shares consist of 403,368 shares purchased by Jack W. Schuler on August 20, 21 and 22, 2013 (and reported on Forms 4 filed on August 22 and 26, 2013) and 1,675,300 shares purchased by the Schuler Family Foundation on August 19 and 20, 2013.
Looks like Schuler picked up 1.6 million shares via a trust. Sly little devil that Schuler. Why is this not being mentioned? Essentially the insiders are locking down the float. With shortsqueeze.com showing a short% of 30% and an 8 day cover, this will be a battle that the shorts will lose. They will be covering for the rest of the week and probably next, as they get margin calls. just my 2 cents. If I read the form 13's wrong please let me know.
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