Monksdream
1 year ago
LEDS potential wash trade
SemiLEDs Corp NASDAQ: LEDS
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Information Technology : Semiconductors & Semiconductor Equipment | Small Cap Blend | Based in Taiwan, Province Of ChinaCompany profile
SemiLEDs Corp is a Taiwan-based company mainly engaged in the development, manufacture and sale of light emitting diode (LED) chips and LED components, LED modules and systems. The Companyβs products are used for general lighting and specialty industrial applications, including ultraviolet, curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, germicidal and viricidal devices LED lighting for horticulture applications, architectural lighting and entertainment lighting.
Scandle34
4 years ago
missed some form 4's and SC13d's...
The shares issued were (a) debt conversion and (b) a PIPE both at $3 to maintain NASDAQ requirements
3,772,990 issued and 466,667 future conversion shares outstanding
$100K invested at $3 by Feng Shuang Zhu
$400K converted by Simplot ($1.2M remaining)
$300K converted by Trung Doan, CEO ($200K remaining)
Float is 2.15M and it has been under slow and steady accumulation all year. Normally if you saw a spike in price and volume there would be a newsletter promo and an increase in chatter. There is nothing. Every so often (2-4 days) someone grabs several hundred thousand shares up to the mid $3's.
Notably large days were 5/20 (a few days before the investments, above) with 8.49M (4M in a single hour) and 6/22 with 1.5M (almost 1M in an hour) and 8 days in between with better than 250K in an hour. They have been a buyer to at least the low to mid $3's and either they or coattail momo's are buying up to $3.70.
There has been no volume on the sell-offs.
Someone knows something. Some of is could be covid/UVC stories, but there would be similar volume up and down. I believe the company is approaching a binary event, probably on or around the July 8th expected filing.
Scandle34
5 years ago
6. Common Stock
On January 17, 2020, the Company entered into a definitive common stock purchase agreement (the βAgreementβ) with XianChang Ma. Pursuant to the terms of the Agreement, Mr. Ma purchased 150,000 shares of the Companyβs common stock at $4.00 per share, representing approximately 4% of the outstanding shares of the Company at the time of purchase. The Company received the $600,000 purchase price in full and recorded it as Subscribed Stock as of February 29, 2020. As of February 29, 2020, the 150,000 shares have not been issued.
I was concerned that he might have backed out. He did not and he paid well over market than. March - May quarter is 'unpredictable' as they said, but I see this going north of 4 later this year.