Sunday, February 02, 2014 12:03:32 PM
institutional holders will be forced to sell, and below $4.62 the remaining
institutional holders will be forced to sell? However, if you look at
the major holders of the stock the 7 institutions listed account for
142300 shares (<0.3%) of the stock as of Dec 31, 2013 (see link below).
So how is it that they are driving the PPS?
I am just trying to understand what is going on here.
It would seem that the insiders and 5% holders are driving the PPS since
they control 28% of the stock.
http://finance.yahoo.com/q/mh?s=NNVC+Major+Holders
Breakdown
% of Shares Held by All Insider and 5% Owners: 28%
% of Shares Held by Institutional & Mutual Fund Owners: 0%
% of Float Held by Institutional & Mutual Fund Owners: 0%
Number of Institutions Holding Shares: 7
"By all means let's be open-minded, but not so open-minded that our brains drop out." - Richard Dawkins
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