Remember a few weeks ago when Coop sold 1.2 mill shares of his stock for a minority interest in an investment firm? Well, we now know who the "suckers" were.... (c) As previously reported on Form 4 of the Issuer, filed July 25, 2013, on July 23, 2013, for personal investment purposes, the Reporting Person entered into the Stock Purchase Agreement, dated July 23, 2013 (the “Stock Purchase Agreement”) between the Reporting Person and SBT Investments VI, L.L.C (“SBT”), pursuant to which the Reporting Person transferred 1,250,000 shares of Common Stock (the “Subject Shares”) to SBT in exchange for 250 units of Sigmableyzer Investment Group LLC as more fully described in Exhibit 1 to this Amendment No. 2. The closing price of a share of Common Stock on the closing date of the Stock Purchase Agreement was $4.04. Under the Stock Purchase Agreement, SBT appointed the Reporting Person as SBT’s attorney-in-fact and proxy to exercise the voting rights attached to the Subject Shares on SBT’s behalf until January 23, 2014, on which date the attorney-in-fact and proxy will terminate with respect to the Reporting Person. If SBT transfers any of the Subject Shares prior to January 23, 2014, SBT will cause the transferee of such shares of Common Stock to appoint the Reporting Person as attorney-in-fact and proxy with respect to such shares on identical terms to the Reporting Person’s appointment under the Stock Purchase Agreement. Who is Sigmableyzer Investment Group you may ask. Good question, check here: http://www.sigmableyzer.com/where-we-invest/texas/ Want to take bets on who ends up buying Pernix out?
You can bet he has a motive. Nothing he does is by accident and everything he does is for the betterment of his wallet. Know who you are working for people!
