Old PSG Wind-Down Ltd PSGLQ

Sagard Capital

[ok2buy]

After doing a little research this evening on Sedar, a couple things have become evident with Sagard. They now own 15.1 % of the total number of outstanding shares. Sagard will be looking to grow the business, they now have Dan Friedberg (Managing Partner) on the Board of Directors. Sagard wins if a) they simply hold their shares and wait for the business to turn around, they have identified themselves as long term investors or b) if the company engages in the sale of it's business, Sagard according to documents under Sedar - Mar. 28/16 (Form 8-K, US. Securities) is entitled to be consulted regarding any sale. They also have a right to submit an offer on their own. So Sagard certainly has a healthy vested interest in PSG. On Mar. 9/16, Sagard acquired a total of 1,950,215 shares at an average weighted price of US $3.35 or C $4.43/share. We closed today @ $3.18. Things that make you say hmm./ok2