Mr. Siegelbaum is a Senior Partner in the Business Law Department of Goodwin Procter LLP, a law firm based in New York City, where he concentrates his practice on mergers and acquisitions and other corporate transactions. Mr. Siegelbaum was nominated by Zazove Associates LLC, as general partner of Zazove Aggressive Growth Fund, L.P., which is an owner of Preferred Stock.
He was a nominee of Zazove. In their 13F on file november 16 they filed that they increased their position in the preferred to 289,133 an increase from their prior 13F of more than 60K. last year when Zazove was part of the group of preferred holders who blocked the transaction they had approximately 138K shares. Will be interesting to see if their other nominee resigns. Anything is possible but based on 13F's I think the main seller was R2 investments.