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TOPIC: KT Lim below 5% ownership now

KT Lim below 5% ownership now 20 Apr 2015 14:32 #4281

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KT Lim below 5% ownership now 20 Apr 2015 14:40 #4282

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He sold 2,910,600 shares and probably lost about $7,000,000. I hope he is raising the capital to expand and market Lorem's business.

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KT Lim below 5% ownership now 20 Apr 2015 14:44 #4283

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Guess shorts will love this news as they win again. So much for transparency and at least there is clarity as to why the China news was met with a yawn. I hope Hedrik at least makes a statement beyond the required filings and I wonder who bought the shares and why?

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KT Lim below 5% ownership now 20 Apr 2015 14:50 #4284

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Roth, it looks like he sold his shares into the market not to any particular buyer. I doubt you will hear anything from Cytori on this, Hedrick may have just found out about it today. He was selling when Cytori could have been trying to tap the ATM.

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KT Lim below 5% ownership now 20 Apr 2015 14:51 #4285

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Wall Street Titan wrote: He sold 2,910,600 shares and probably lost about $7,000,000. I hope he is raising the capital to expand and market Lorem's business.


WST, let's hope the story goes like that... maybe even AF somehow got wind of that selling (pure speculation, probably not...but one never knows)... was almost kinda shocked when I read this honestly, though so far no reaction from the market...

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KT Lim below 5% ownership now 20 Apr 2015 14:54 #4286

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Wall Street Titan wrote: Roth, it looks like he sold his shares into the market not to any particular buyer. I doubt you will hear anything from Cytori on this, Hedrick may have just found out about it today. He was selling when Cytori could have been trying to tap the ATM.


One of the main business partners of Cytori would not inform in advance about an action like that? Can't imagine....

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KT Lim below 5% ownership now 20 Apr 2015 14:58 #4287

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So goes a third of my shares....

Such a huge loss... and never bought anything in the ,40s... maybe over expanded...

This bride keeps getting Fuglier as the time goes by...

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KT Lim below 5% ownership now 20 Apr 2015 15:20 #4289

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Wall Street Titan wrote: He sold 2,910,600 shares and probably lost about $7,000,000. I hope he is raising the capital to expand and market Lorem's business.


Alrighty, after thinking about it again, wouldn't say that this possibilty might be far from reality, but then this needs to be communicated by Cytori IR and explained exactly like that... otherwise you can speculate about anything and everything :puke:

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KT Lim below 5% ownership now 20 Apr 2015 15:22 #4290

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Are there SEC advantages to selling enough shares to be below the 5% ownership mark?

Is this strategic in that way? Also what WST said makes sense from a business / tax perspective.

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KT Lim below 5% ownership now 20 Apr 2015 15:27 #4291

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I suppose that there are advantages but I am not familiar with the rules. Could be he no longer needs to file Form 4's? He's probably more pissed off then we are!

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KT Lim below 5% ownership now 20 Apr 2015 16:13 #4292

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LOL....all the focus on Sabby and its Lim that was selling..
Certainly he hates where Cytori has gone yet he did hire David Oxley to run his operations.
The sales started as Chinese approval came so it has to be some how related.

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KT Lim below 5% ownership now 20 Apr 2015 16:24 #4293

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Maybe sale before bankruptcy and he will pick up the technology for a song and a dance. When one is left to speculate and this is not addressed by your CEO it just spins out of control. Typical Cytori, nothing surprises me.

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KT Lim below 5% ownership now 21 Apr 2015 07:47 #4294

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Hedge, I'm still convinced we will find out that a large portion of the warrants were exercised and that can only mean the shares were sold in the market.

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KT Lim below 5% ownership now 21 Apr 2015 08:14 #4295

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WST....I was just saying we were not looking at the possibility of Lim being a seller at these prices and we were focused on Sabby and the short interest....not that there was a connection. Lim filing states they were sold in the open market.

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KT Lim below 5% ownership now 21 Apr 2015 08:43 #4296

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Hedge, yes I understand.

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KT Lim below 5% ownership now 21 Apr 2015 10:23 #4298

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Fas, I am very concerned about this... Could it have something to do with Chinese regulation? anything is possible I guess, but to me it sounds more like he was going to sell after China approval... He could've sold all already, and doesn't have to report anymore...

Anyway, this smells bad again... I will be very happy to be wrong on this one, but it looks bad....

For now :bye: :vegas: :whistle:

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KT Lim below 5% ownership now 21 Apr 2015 11:47 #4299

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Anyway, this smells bad again.


No doubt- any sensible businessman, who´s partner says that you make his glasses "foggy" and that you are like a "springcoil" waiting for that approval, would not do anything like that, assuming cash is no issue and there are no other issues. :whistle:

But we are all speculating here, without knowing anything- which is the nice thing about discussion boards.

One is allowed to speculate without knowing any gory details and Cytori probably neither- if they would, they probably will not tell us anyway.... :joy: :evil:

Anyway- KT Lim and the participants in the October 6 secondary surely have been sellers- on top of that - the short number increased.

That of course means that about 30-40 Mio shares have changed ownership as of today and nobody WTF knows who bought them. Relative to past performance, the PPS of CYTX is rock-solid and can hardly be "moved".

Something is happening and I am not sure whether its good or bad. It looks good to me. :grin:

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Board moderator and Site-owner. I still regret the day I started analysing the prospects of MacroPore (now Cytori) back in 2004- a left-over from the tech-bubble at that time from the century change in my portfolio- and became addicted to Cytori´s fat cell technology. :cry:

KT Lim below 5% ownership now 21 Apr 2015 11:58 #4300

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Agree Fas
Unknown if we ever know the true reasons but as I posted yesterday....sales from Lim started the day of Chinese approval.

Someone soaking up a lot at $1.10

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KT Lim below 5% ownership now 21 Apr 2015 14:01 #4304

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The cat is out of the bag on the Lim dump. Not good for the PPS. Hope getting below the five percent threshold has some positive strategic meaning. Lorem might just want to fly under the radar. Very difficult trying to stay positive with all of the volatility this company throws off. Would be nice it they were more forthcoming with information. Unless it is all bad.

:bash:

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KT Lim below 5% ownership now 21 Apr 2015 14:25 #4306

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Fatboy
Could be a lot worse.
Considering, I still think we are holding up well. Remember, we were in the $0.47 area not long ago.
Shares are being absorbed from yesterdays news.
Remember, Lim wanted the shares registered for sale on day one of his deal with Cytori...so sales at some point were going to happen. Its just the pricing he is willing to accept that is interesting to me....along with the previously stated China approval timing.
I still think Olympus sold after they got below 5% holding. We have been through many holders and burnt every last one of them...LOL !!!
Also....Lorem/Lim never put in their board member. I think Astellas still has their board observer...what did Astellas pay ? Was it $7.00 ?

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