The above information was disclosed in a filing to the SEC. Some additional info was provided as follows:
The Reporting Person sold these shares in a private placement to a third party in exchange for a minority interest in a privately-held investment company. The value placed on the shares in this transaction was $4.04 per share (the closing price per share on NASDAQ on the date of the transaction). As of the date of the sale, the Reporting Person does not have any investment control over these shares. However, Mr. Collins retains all voting rights in these shares for a period of six months following the transaction.
To see this filing in its entirety, click here. Pernix Therapeutics Holdings next reports earnings on August 12, 2013.
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Other recent filings from the company include the following:
Pernix Therapeutics Appoints - March 11, 2014
Pernix Therapeutics Holdings's Chief Operating Officer just picked up 500,000 shares - March 11, 2014
Pernix Therapeutics Holdings's Chief Operating Officer just declared that he owns no shares of Pernix Therapeutics Holdings - March 11, 2014
Pernix Therapeutics Holdings just filed a General Statement of acquisition of beneficial ownership - March 10, 2014