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Cyanotech Corp. Message Board

  • southwalled southwalled Nov 19, 2012 2:42 PM Flag

    Wilmington getting out after cyan fell in half leads to greater suspicion

    , what is going on here?

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    • Wells fargo bought wilmington position in cyanotech, no suspicion at all. Cyanotech is trying to reach another level , increasing is production and marketing, and growing up Nutrex hawaii brand. Like an happy user of both spirulina and bioastin, i see shine future here.

      Sentiment: Strong Buy

      • 2 Replies to saffada2001
      • you know what would be cool, if those water mills were solar powered.

      • Southwalled - Good to see you again;

        There is a Form 13G dated October 31, 2012 indicating that
        Wells FARGO (not Well CAPITAL MANAGEMENT) has:

        "Sole Voting Power": 630,769 shares
        "Sole Dispositive Power": 938,419 shares
        The latter is 17.25% of the shares.

        By contrast, the Bloomberg terminal's "HDS" function showing the largest holders of the stock indicates

        Wells CAPITAL MANAGEMENT 307,650 (this is John Paulson's hedge fund).
        These appear to be shares disposed of previously in the year by Wilmington.

        The Bloomberg terminal also indicates that Wilmington Trust most recently reduced its position by 630,769 shares. This is the exact same amount as the Wells Fargo "Sole Voting Power." It is possible that these banks (which operate as "trust" companies) simply changed places when a trustee of some trust changed trust administrators.

        The whole thing is, to me, somewhat confusing.


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