FRONT STREET MANAGEMENT....Thank-you for posting from Canadian Insider.
The disposition of 2 million shares at 38 cents represents a measily $ 760K so we are talking about an insignificant amount of funds for such a big firm.
You will notice that the disposition occurred on Friday January 14th, 2011, which is several days before the January 18th meeting and at a time when LFD had strong volume closing in to new highs. I believe there was also press release from VST saying that they cased in the well for logging.
I believe that Front Street Management did make a small profit however, these shares are what one would call promotional shares. They were held to be given just like in a IPO to privileged investors just before rallying. The contact of SOROS probably wanted in at special prices before the January 18th meeting, hence an accomodation was done with a promise that LFD would be well received at the meeting.
Notice that the disposition had no effect on stock price, as a matter of fact we soared on it.
Unfortunately this is the way the game is played. Someone posted that there were large buy and sale orders at the same house, plus a 1 million share order.
To survive in this field, you have to know how to promote your stock, which means giving important contacts shares at cheaper prices.
Please note that FRONT STREET MANAGEMENT has billions in funds, it is not the disposition of $ 760K in stock that concerned it, it was to keep its contacts happy.
Look at this as bullish confirmation that we have received serious money of late.
JMHO