Ann: Becoming a substantial holder, page-4

  1. 208 Posts.
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    >Couldn't have been bought on the market

    Yes, something odd here.

    9% of the company, well over 200m shares. They could not have been accruing that amount over time (they would have had to announce when they got to 5%), which implies a major purchase. Which in turn implies a major sale. There is only one shareholder with anything like that number of shares to sell: Strategic Capital Management.

    SCM is James Tsiolis's holding company. Has the CEO dumped his NET holding?
 
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