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Synta Pharmaceuticals Corp. (SNTA) Message Board

  • lilgodfther lilgodfther Jun 27, 2013 8:17 PM Flag

    I Think Bruce Kovner Is In Control Of This Stock Right Now, He just Keeps Buying And Buying, He knows something..

    I hope he never stops, Till I sell him mine that is

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    • Major owner of Synta Pharmaceuticals Corp. just picked up 500,000 shares
      Bruce Kovner, a major owner of Synta Pharmaceuticals Corp. and a director of the company, recently acquired 500,000 shares of the company. The buys took place at prices ranging from $4.35 to $4.65 per share, on dates ranging from June 25 to June 26, 2013. Kovner now owns 26,131,849 shares of the company. Kovner operates out of Princeton, NJ.

      The above information was disclosed in a filing to the SEC. Some additional info was provided as follows:

      The shares were purchased in multiple transactions at prices ranging from $4.22 to $4.56 per share. The price reported above is the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the staff of the SEC, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price within the range set forth above. The shares were purchased in multiple transactions at prices ranging from $4.47 to $4.71 per share. The price reported above is the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the staff of the SEC, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price within the range set forth above. These shares are owned directly by KFO Holdings LLC ("KFO") and indirectly by the Reporting Person as the sole member of KFO. These shares are owned directly by CxSynta LLC and indirectly by the Reporting Person as chairman and sole shareholder of Caxton Corporation, the managing member of CxSynta LLC. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

      Sentiment: Strong Buy

 
SNTA
2.80-0.06(-2.10%)Dec 19 4:00 PMEST

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