Frost's Stake in Frost Stocks and OPK Strategic Investments
Feb 15, 2019 3:36:33 GMT
sgard434, miamianne67, and 6 more like this
Post by icemandios on Feb 15, 2019 3:36:33 GMT
It's 13G/13G/A time, and Frost seems to be on a binge to amend prior filings with the acknowledgement of the SEC settlement. There may be something in these things that show a different number of shares or percentage, and I'm not about to knock myself out examining current vs old filings on that premise.
What we do have, however, is a declaration of his stake in things we classify here as Opko Strategic Investments. And that could be worth something.
So here is the new text which I believe to be the impetus for the filings:
ITEM 2. Identity and Background.
The last paragraph of Item 2 is hereby deleted and replaced with the following:
To the best knowledge of each of the Reporting Persons, except as described below, neither such Reporting Person has been convicted in any criminal proceeding (excluding traffic violations and similar misdemeanors) or has, within the last five years, been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
On December 27, 2018, Frost and the Trust entered into a settlement agreement with the Securities and Exchange Commission (“Commission”), which was approved by the court on January 10, 2019, to resolve an action brought by the Commission against Frost, the Trust, and others, in SEC v. Honig et al., 18 Civ. 08175 (S.D.N.Y.). Without admitting or denying the Commission’s allegations, Frost agreed to injunctions from violations of the Sections 5(a), 5(c), and 17(a)(2) of the Securities Act of 1933 and Section 13(d) of the Securities Exchange Act of 1934 and Rule 13d-1(a) thereunder; approximately $5.5 million in penalty, disgorgement, and prejudgment interest; and a prohibition, with certain exceptions, from trading in penny stocks. Without admitting or denying the Commission’s allegations, the Trust agreed to injunctions from violations of Section 17(a)(2) of the Securities Act of 1933; and a prohibition, with certain exceptions, from trading in penny stock
The last paragraph of Item 2 is hereby deleted and replaced with the following:
To the best knowledge of each of the Reporting Persons, except as described below, neither such Reporting Person has been convicted in any criminal proceeding (excluding traffic violations and similar misdemeanors) or has, within the last five years, been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
On December 27, 2018, Frost and the Trust entered into a settlement agreement with the Securities and Exchange Commission (“Commission”), which was approved by the court on January 10, 2019, to resolve an action brought by the Commission against Frost, the Trust, and others, in SEC v. Honig et al., 18 Civ. 08175 (S.D.N.Y.). Without admitting or denying the Commission’s allegations, Frost agreed to injunctions from violations of the Sections 5(a), 5(c), and 17(a)(2) of the Securities Act of 1933 and Section 13(d) of the Securities Exchange Act of 1934 and Rule 13d-1(a) thereunder; approximately $5.5 million in penalty, disgorgement, and prejudgment interest; and a prohibition, with certain exceptions, from trading in penny stocks. Without admitting or denying the Commission’s allegations, the Trust agreed to injunctions from violations of Section 17(a)(2) of the Securities Act of 1933; and a prohibition, with certain exceptions, from trading in penny stock
CDXC 3,251,521 (5.9%)
COCP 2,659,685 (8.9%)
BCDA 13,875,318 (31.1%)
BCDA 13,875,318 (31.1%)
NIMU 54,702,825 (37.2%)
That's all, so far.
Frost Stocks:
FLNT 18,784,874 (24.9%)
RDVT 2,504,648 (24.4%)
VGR 19,536,686 (13.9%)
ROX 54,221,285 (32.1%)
LTS 7,024,630 (4.79%) -- will not require further filings
PTE 0 (0%) --- not a Frost Stock anymore
A/O 2/14/19, that's it. I will edit this post if/when he files for the other stocks. Ta ta.
