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SciClone Pharmaceuticals, Inc. Message Board

  • rravis1914 rravis1914 Nov 19, 2012 4:32 PM Flag

    SEC registration

    Has any body seen the SEC registration for today?? If I understand it right, 6 China Funds have purchased about 20,000,000 shares.

    I need somebody with more on the ball to enlighten me what all this means.

    rravis1914

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    • Nice find.

      Here's the way I read it: 3,310,146 shares were purchased by GL Trade Investment Limited on Nov 9, which represents ~6% of the total outstanding shares as of Nov 5. Evidently, GL Trade is owned by several other parent companies. The registration statement allows investors to see these other companies with controlling interest in GL Trade so as to establish which entity has sole power vs. shared power with respect to disposition of said shares. Hence, the multiple listings with the same information. JMO

      Sentiment: Buy

 
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