New Principal ShareholderMy suspicions regarding the "behind the scenes" block trading has come to light. A hedge fund called GMT Capital has publicly filed their ~17% ownership of SDE. GMT must've been the one picking up the million share blocks and Makarov might have converted his note defensively.
As it stands:
Makarov/ARETI owns ~20% (it's really like 19.8% or something)
GMT owns ~17%
At this point in time, not a clue what GMT's intentions are, but I would hope that Makarov and GMT are on neutral terms rather than in collusion or adversaries. Interesting to note that GMT might be in cohoots with MGMT because I believe GMT might have backed the original private placement for MGMT, not entirely sure at this point.