"During the three months ended March 31, 2013, we sold the remaining 50,807 shares of our position in NeoPhotonics Corporation. We no longer own any shares of NeoPhotonics. For the three months ended March 31, 2013, we received $252,042 in proceeds, net of commission, from the sale of NeoPhotonics shares. We also received proceeds of $24,146 from call option premiums on shares of NeoPhotonics. Since its IPO, the sale of our 450,907 shares of NeoPhotonics generated net proceeds of $2,239,809, or an average sale price, net of commission, of $4.97 per share. Including premiums from call options, the average sale price for these shares was $5.45 per share. Our cost basis in NeoPhotonics was $16.19 per share."
And we might add the additional reason why shareholders ate it big on NPTN.
After the post-IPO run up to around $21, the savants who fatuously call themselves "managers" decided it'd be neat to try to 'catch a falling knife." And they did!
The morons went into the post-IPO market and bought more NPTN shares that had plunged to circa $11. And the rest is history,
No doubt another reason for CEO Dougie to boldly claim why TINY represents a "success story!"