Jean: I'm "popping" up for a sec.. Consider this codicil in the filing:
>>CC Investments has agreed that on any day it will not sell our common stock on a public trading market in excess of the greatest of (i) 30,000 shares, (ii) 15% of the total number of shares of our common stock sold on the Nasdaq National Market during such trading day, and (iii) 15% of the average daily trading volume on the Nasdaq National Market for the five consecutive trading days immediately preceding such sale, unless such shares are sold at a price in excess of $12.00 per share. <<
I consider this filing as a "flag" C.C. is waving to the authorities stating that, as an ~11% holder of VLNC, they want to establish the clear authorization to sell at some future time(this filing doesn't mean they're gonna start doing so come 9:30am Monday).
Furthermore, given the above this tells me they're getting themselves ready to be able to sell into demand they see coming. Now let's think about this....demand(in excess of that 30K limitation) they see coming.....hmmmmmmm...... Of course, this is imho, so I'll be interested to see other folks "read" of this situation. Rich, take it awaaaayyyy, or Mooter, Zeev and Larry, too
Regards!
John~ |
