I see from the prospectus that Canaan bought shares in Aug 2008 for $14.43, and now they are dumping large at $15.80?
That's a 2.6% annuualized return - is that all you're in thiis for?
Series F Financing
On August 22, 2008, we issued an aggregate of 6,395,761 shares of Series F preferred stock in a private placement transaction at a price per share of $14.43. Each share of Series F preferred stock outstanding immediately prior to the offering is convertible into one share of common stock. The following table summarizes the shares of Series F preferred stock purchased by executive officers, directors and five-percent or greater stockholders and their affiliated entities.
Investors(1) Series F Preferred Stock Canaan Partners(2) 820,163 Stephen L. Green 11,434 ESPN(3) 5,265,400 TAO Venture Partners, LLC(4) 6,930