Pinetree now owns 10 million shares. This does not include all their unexercised warrants. They bought 577,000 shares on Friday alone. They started March with 9 million shares.
It's pretty clear that they are trying to buy as many shares as they can before they get a seat on the Board of Directors in June. After that they will be subject to same trading blackout as current company insiders.
2446462 |
2014-03-21 |
2014-03-24 |
Indirect Ownership : Pinetree Income Partnership |
10 - Acquisition or disposition in the public market |
+577,000 |
1.1764 |
|
10,000,785 |
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