ADA-ES director just declared owning 856,763 shares of ADA-ES

Fundamental Advisers Alta, a director of ADA-ES, has just filed an initial statement of beneficial ownership where 856,763 shares of ADA-ES were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Alta. 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, of which Gilbert Li, it's Managing Partner, is a Director of the Issuer. In addition, Mr. Li is an investor in one or more of these Accounts and by means is an indirect beneficial owner.

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

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