before that (Sun or Sunhavi) they want to get cheap for the rest ~20% , then maybe sell for double of that price.
by 6%(or 20,594 shares) to 355,265 shares
That was mistake in the website, they increased holding by 6%(or 20,594 shares) to 355,265 shares
Maybe it was the reason the SP went down lately.
They use to accumulate aggressively in previous quarters.
It reminded me FRANKLIN RESOURCES INC who sold 5.2M shares for $16 in 2010.
what luxury you are talking about , he just got $900,000 for the impressive company performance and our holdings value just dropped 30% for the same reason :( what a joke.
based on the foregoing assessment of the Company's performance, the Committee, on February 18, 2015, determined cash performance awards for its Chairman and Chief Executive Officer, its President and Chief Operating Officer, its Executive Vice President and Chief Financial Officer and its Chief Medical Officer. Effective January 1, 2015, the annual base salaries of the above-referenced named executive officers increased as follows: Chairman and Chief Executive Officer ($45,000 or 5.0%), President and Chief Operating Officer ($25,000 or 4.5%), Executive Vice President and Chief Financial Officer ($20,000 or 4.4%) and Chief Medical Officer ($15,000 or 3.4%). Additionally, cash performance awards included cash bonuses as set forth in the table below:
Name and Office Award ($)
Rajesh C. Shrotriya, M.D. 900,000
Chairman and Chief Executive Officer
Joseph W. Turgeon 330,000
President and Chief Operating Officer
Kurt A. Gustafson 225,000
Executive Vice President and Chief Financial Officer
Lee F. Allen, M.D., Ph.D. 270,000
Chief Medical Officer
APIS CAPITAL ADVISORS, LLC 71,350 $ 10,573,000 11.75% 0.00 1 71,350
JW ASSET MANAGEMENT, LLC 106,931 $ 15,846,000 11.89% 0.00 1 106,931
VALENTINE CAPITAL ASSET MANAGEMENT, INC. 94,208 $ 13,961,000 3.39% 7.90% 1 38,942
ISZO CAPITAL MANAGEMENT LP 1,095,275 $ 162,309,000 75.59% 85.70% 1 3,100
RTW INVESTMENTS, LLC 267,883 $ 39,698,000 14.69% 0.00 1 267,883
Today's selling even bigger mystery after institutions just reported their holding, and it went up from ~4,5M shares to 5.2M (~14%) it is close to 50% of the float now. That would make even more difficult to pass any minority voting for Sun in the future.
when they balance their receivable which increased by ~ $177M from $301M in march 31,2014 to $488M, they will have close to $1B in cash and deposits or ~$23 per share.
Only Taro can go down after EPS of $6.68 in the last 6 months. The company that has over $1B in current assets - all liabilities. Unbelievable. Any other company would be traded above $250 with having similar results and balance sheet.