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Thursday, December 12, 2013 2:22:29 PM
Thru past filings, I gather that Jacob May was more than 5% owner, and at one time owned close to 10M shares (pre reverse-split), and his last filing in July 2009 shows holdings between 6M and 7M (direct plus indirect). That translates to b/w 400K-450K shares after reverse-split, and that likely got him well under 5% holdings to not file further holdings reports. So don't know what he has sold or held since that time.
If it gets settled or goes against APRI, would other shareholders have a case for class-action or compensation for these disclosure claims?
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