Theratechnologies Inc T.TH

13 G filing

[palinc2000]

Soleus

[palinc2000]

Seems like Soleus hold 9.5 million shares representing 10.1 %  

[palinc2000]

[The 9.5 mil'ion includes 1555000 warrabts  quote=palinc2000] Seems like Soleus hold 9.5 million shares representing 10.1 %       [/quote]

[palinc2000]

  My understsnfing is that the Filing is simply to account for the transfer of the shsres ftom Soleus to a General Partner controlled by Soleus [/quote]

[Biobob]

That would make more sense than ATM machine putting out 1.89$ shares of Thera....

[palinc2000]

No impact imo but maybe Wino could look at it Am at Mco right now snd not much time [/quote]

[SPCEO1]

I cannot find that filing - where did you see it? Is it from today? [/quote]

[palinc2000]

https://www.theratech.com/static-files/446de95b-5b8e-4464-9058-dd6bbd822fc7 [/quote]

[qwerty22]

"The shares of common stock reported in this row are held by Soleus Capital Master Fund, L.P. (“Master Fund”), and include a presently exercisable warrant to purchase up to 1,550,000 shares of common stock at an exercise price of $3.14 per share (the “Warrant”). Soleus Capital, LLC is the sole general partner of Master Fund and thus holds voting and dispositive power over the shares held by

[SPCEO1]

While it is always hard to understand Soleus' filings because of how they treat the warrants, it appears they have added to their postion and that was the reason for their filing. It is separate from the 7.5 million share block trade which may be related to intercompany accoutning moves at Morgan Stanley? If so, that indicates they may ahve bought more shares too since they did not own 7.5

[PWIB123]

If you subtract out the 1,550,000 shares represented by warrants, Soleus' ownership in various entities now owns a total 8,125,909 shares, plus the 1,550,000 warrants.  As of 6/30, they reported 7,822,412 under Soleus Capital Management.  The Master Fund owns the warrants, so they definitely increased shares over the last 5 months. [/quote]

[palinc2000]

  Your math is wrong [/quote]

[PWIB123]

Is it?  I'm not sure it is based on the sources I used, but looking around this morning, I believe different sources are using specific funds, rather than the master fund.  I think the combined reporting messed some of that up.  SPCEO1 shows a slightly higher increase than I did by just more than 12K shares, but I'm seeing different share counts via different reports. 

[palinc2000]

  oups my bad!!! I did the math  in haste at the airport last night .... It sppears that your math is spot on!!! sorry!! [/quote]

[SPCEO1]

My numbers came from Bloomberg. They are usually pretty good at getting this right but Soleus has caused confusion with their reports so they could be getting it wrong. [/quote]

[Biobob]

Can't the IR person provode clarity on Th ownership... again we are confused... we want to know who owns what and how much.. is it too much to ask for....

[Wino115]

IR will usually on,y know it from filings and then when they order a Compushare run, that costs money, for the annual meeting. You can order that report whenever you want. It should show both omnibus accounts and individuals one layer beneath that.    

[PWIB123]

It's just a joint filing agreement since the parties represented have commonality between who has the authority to make decisions.  It's common when you have a large concentration of ownership within a group that owns shares in multiple entities, funds, retirement accounts, trusts, individually, etc.  This report is as of 11/14 and is not the 13F as of 9/30, so I believe we can

[palinc2000]

Cayman Island!! ???? Now in an offshore account!!! Why would they do that??  Lol   [/quote]

[Wino115]

This is typical setup for hedge funds. You have what's called a hub and spoke  arrangement that allows you to have multiple funds for both offshore and US client types (as well as ERISA and non-ERISA tax frees) all with the same strategy. The Master Fund is the hub and owns everything and the other segregated client funds run off that Master Fund as "spokes". It makes it easier