ADA-ES director just disposed of 70,178 shares

Fundamental Advisers Alta, a director of ADA-ES, recently disposed of 70,178 shares of the company. The disposals took place at $9.40 per share, on June 12, 2017. Alta still owns 1,024,068 shares of the company. Alta operates out of New York, NY. Some additional info was provided as follows:

These securities are directly held by Clients, Funds, and Affiliates ("Accounts") that are managed by Alta Fundamental Advisers LLC ("Alta"). Gilbert Li, a Director of the Issuer, is Managing Partner of Alta. In addition, Mr. Li is an investor in one or more of these Accounts and therefore is an indirect beneficial owner of a portion of these shares. Alta and Mr. Li disclaim beneficial ownership of these shares except to the extent of their pecuniary interest therein.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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