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saffron76

06/22/15 3:43 PM

#6027 RE: TOB #6022

and we also know they know a hell of a lot (as in everything). Next 4-5 chess moves are already known.
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lasers

06/22/15 3:49 PM

#6029 RE: TOB #6022

Exactly

The Trading Volume Formula is in play here for Control Securities. For an OTC stock an affiliate can sell no more than 1% of the outstanding shares in any three-month period. That's pretty restrictive and should keep any 10% or + holder locked in. They obviously know this rule, so if they go to 10% we know they're thinking hold, not sell.

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tpizzazz24

06/22/15 3:50 PM

#6030 RE: TOB #6022

Thanks for that post TOB.
It was the last 8k I was referring to. Just reread it now and I must apologize that there is no mention of restriction the shares. They speak of registering them.
The sale of those shares should not be a concern since he is over 10% and per your explanation he should be long.
OT, what is your opinion of them uplisting to a more prestigious exchange. Rk posted what is needed to qualify for uplisting to Nasdaq. Do you have any experience with any of your holdings doing this and what is the normal time frame? TIA, peace!
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Rkmatters

06/22/15 4:48 PM

#6032 RE: TOB #6022

Great due diligence post! Thanks Tob. Another keeper.
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itsthebox1

06/22/15 5:41 PM

#6043 RE: TOB #6022

Awesome dd! Great to know
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north40000

06/22/15 6:29 PM

#6047 RE: TOB #6022

This SEC filing information provided by a friend, CJG on the PPHM board, may provide some useful information to new folks as well as all who tend to follow what Eastern Capital does with respect to its investments[note the link at bottom of this post; let me add a separate welcome to lasers who I know from OCAT board]:

"N40K, the latest Kenneth-Dart/13G I see shows 9,921,760sh a/o 12-13-14 (up from the ~8mm you stated, which was a/o 12-31-12)…

2-13-15: Kenneth-Dart’s (Eastern-Capital) PPHM stake now 9,921,760sh=5.4% a/o 12-31-14
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110845168

11-8-10: Kenneth Dart (Eastern Capital) acquires 7.1% stake (3,961,568) in PPHM http://tinyurl.com/24qctos
...2-14-12: Kenneth Dart adds 3,460,192, now 7,421,760 (8.55% a/o 12-9-11) http://tinyurl.com/7bb26j4 (13G)
...2-13-13: Kenneth Dart adds 500,000, now 7,921,760 (5.9% a/o 12-31-12) http://tinyurl.com/b25a93j (13G)
...2-13-15: Kenneth Dart PPHM stake now 9,921,760 (5.4% a/o 12-31-14) http://tinyurl.com/k4nsfuu (13G)
- - - - - - -
All Eastern Capital 13G’s:
http://www.sec.gov/cgi-bin/browse-edgar?company=EASTERN+CAPITAL&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany "