Sheldons words to me were that Pinetree held 1,000,000 shares of VGIN. I am not entirely sure how many were indirect, but the net net is 1,000,000 +/- a doggy bone.
At the time of the posting, the direct ownership of LUMM was 1,000,000 shares + Indirect interest of 140,000 through 20% ownership of MNTX
Whatever number you come up with for indirect ownership of VGIN, the remainder must be directly held by PNP. When asked what NAV was, Sheldon replied about $9.00, this was prior to both LUMM and VGIN moving upward...so LUMM about 30.00 and VGIN at 18.00
the Chief
the Chief |
