Hi,
I don't think they're new shares. From Investopedia,
"To be able to file a 13G instead of a 13D, the party must own between 5% and 20% in the company. It must also be clearly understood that the party acquiring the stake in the company is only a passive investor, and does not intend to exert control. If these criteria are not met, and if the size in the stake exceeds 20%, a 13D must be filed. "
Might be they have a reason to buy a lot of shares and aren't planning to be Carl Icahn.
Best Wishes,
Paul Sulsky
From: "Bogdan Grigorescu" <bogdan_grigorescu@yahoo.com>
To: Avid-L2@yahoogroups.com
Sent: Monday, February 10, 2014 8:17:01 PM
Subject: Re: [Avid-L2] RE: SEC SCHEDULE 13G
From: "switthaus@mac.com" <switthaus@mac.com>
To: Avid-L2@yahoogroups.com
Sent: Monday, February 10, 2014 5:00 PM
Subject: [Avid-L2] RE: SEC SCHEDULE 13G
I don't think they're new shares. From Investopedia,
"To be able to file a 13G instead of a 13D, the party must own between 5% and 20% in the company. It must also be clearly understood that the party acquiring the stake in the company is only a passive investor, and does not intend to exert control. If these criteria are not met, and if the size in the stake exceeds 20%, a 13D must be filed. "
Might be they have a reason to buy a lot of shares and aren't planning to be Carl Icahn.
Best Wishes,
Paul Sulsky
From: "Bogdan Grigorescu" <bogdan_grigorescu@yahoo.com>
To: Avid-L2@yahoogroups.com
Sent: Monday, February 10, 2014 8:17:01 PM
Subject: Re: [Avid-L2] RE: SEC SCHEDULE 13G
looks to me they badly needed ~18mil.$ cash so they issued some shares...maybe the advance for the new auditor :o)
I might be completely wrong though
BG
From: "switthaus@mac.com" <switthaus@mac.com>
To: Avid-L2@yahoogroups.com
Sent: Monday, February 10, 2014 5:00 PM
Subject: [Avid-L2] RE: SEC SCHEDULE 13G
and this means...
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