la jolla

Lets get some perspective on La Jolla, there seems to be a constant theme through the threads

They have never been a significant shareholder, that is they have never had 5% shres
They have a history of selling - I believe their philosophy is to make 20% and not to hang on and hope for a higher share price
They currently are not a significant shareholder

On the annual report they had only 2.7 million shares

They have 1.25 million dollars left to convert
Previously this would equate to 30 million shares, but if the share price stays at 10c then it will only be 10-15 million shares

My take on it - I believe they currently own no stock
They are now irrelevant

BD