Replies to post #277 on ALJ Regional Holdings Inc. (fka ALJJ)

[Phaedrus77]

It bought back 3.7 million shares in July @ $2.00.

There are two 5% shareholders, one of whom owns some of the convertible debt. It’s possible she converted the debt and sold the shares back to the company.

I guess we’ll find out next quarter.

Edit: The number of shares listed on the cover sheet of the Q implies that the note wasn’t converted. The selling shareholder must be the entity that owned 3 million shares (shown in the recent proxy).