AWM Fund selling again but supply is drying up.Here is early warning report from sedar re June 9th and 10th .They were also main sellers today dumping another 1.8 mil...once these guys are done with there sell off XBC will be ready for move up. After todays sales AWM has only about 3.7 mil shares of XBC down from 12.7 mil in December when they did the first sell off. Another two or three days of selling and they be gone for good so if want some cheap shares keep that in mind. I will be adding another 100K at least. I was hoping to see them sell all way down to .055 like they did last go round but it seems there is a little more demand for shares this time out. Guess I gotta buck up the 7 cents :)))
) The designation and number or principal amount of securities and the offeror’s security holding percentage in the class of securities of which the offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release, and whether it was ownership or control that was acquired in those circumstances: On June 9, 2015, 5,000 Shares were disposed of by the Funds. The respective sales were as follows: (i) SSFQP, which sold 3,554 Shares; (ii) CAYMAN, which sold 1,129 Shares; and (iii) SSPE, which sold 317 Shares. On June 10, 2015, 1,010,000 Shares were disposed of by the Funds. The respective sales were as follows: (i) SSFQP, which sold 676,700 Shares; (ii) CAYMAN, which sold 141,400 Shares; and (iii) SSPE, which sold 191,900 Shares. The above sales represent approximately 2.6% of the outstanding shares. 5616088 v2 - 2 - (c) The designation and number or principal amount of securities and the offeror’s security holding percentage in the class of securities immediately after the transaction or occurrence giving rise to the obligation to file the news release 5,276,761 Shares, and warrants to purchase 2,500,000 Shares, are held by the Funds, representing approximately 18.6% of the outstanding Shares assuming the exercise of all warrants held by the Funds. As of June 10, 2015, the Funds’ respective positions are as follows: (i) Special Situations Fund III QP, L.P., which holds 3,793,052 Shares and warrants to purchase 1,750,000 Shares; (ii) Special Situations Private Equity Fund, L.P., which holds 206,163 Shares and warrants to purchase 200,000 Shares; and (iii) Special Situations Cayman Fund, L.P., which holds 1,277,546 Shares and warrants to purchase 550,000 Shares.