Page 9 of 12 – SEC Filing
Item 4. Purpose of Transaction
The
information set forth in Item 3 of this Statement is incorporated herein by
reference.
The
Reporting Persons hold the securities of the Issuer for general investment
purposes. The Reporting Persons may, from time to time, depending on prevailing
market, economic and other conditions, acquire additional shares of Common Stock
or other securities of the Issuer or engage in discussions with the Issuer
concerning further acquisitions of shares of Common Stock or other securities of
the Issuer or further investments in the Issuer. The Reporting Persons intend to
review their investment in the Issuer on a continuing basis and, depending upon
the price and availability of shares of Common Stock or other securities of the
Issuer, subsequent developments affecting the Issuer, the Issuers business and
prospects, other investment and business opportunities available to the
Reporting Persons, general stock market and economic conditions, tax
considerations and other factors considered relevant, may decide at any time to
increase or to decrease the size of their investment in the Issuer.
Item 5. Interest in Securities of the Issuer
(a)
Amount beneficially owned and percentage of class:
Avego
is the direct record owner of 527,983 shares of Common Stock. The aggregate
number of shares of Common Stock beneficially owned by Avego is 527,983,
representing approximately 8.18% of the Common Stock outstanding as of September
19, 2017.
Voting
and investment power with respect to the shares of beneficial interest of the
Issuer owned by Avego may be deemed to be shared by Mayura Trust, Mayura One,
BV, YE and CM. The controlling Member of Avego is Mayura Trust which has the
right to appoint BV as Avegos Manager. The sole Trustee of Mayura Trust is
Mayura One, the members of which, each of whom has the ability to act
independently of the others, are BV, YE and CM. None of Mayura Trust, Mayura
One, BV, YE or CM directly own any shares of Common Stock. Each of Mayura Trust,
Mayura One, BV, YE or CM is the beneficial owner of 527,983 shares of Common
Stock, representing approximately 8.18% of the Common Stock outstanding as of
September 19, 2017.
Voting
and investment power with respect to the shares of beneficial interest of the
Issuer owned by Avego may be deemed shared by Mayura Trust as the controlling
Member of Avego with the right to appoint the Manager. Mayura Trust does not
directly own any shares of Common Stock. Mayura Trust may be deemed to
beneficially own the 527,983 shares of Common Stock held by Avego, representing
8.18% of the Common Stock outstanding as of September 19,2017.
Voting
and investment power with respect to the shares of beneficial interest of the
Issuer owned by Avego may be deemed shared by Mayura One as the Trustee of
Mayura Trust. Mayura One does not directly own any shares of Common Stock.
Mayura One may be deemed to beneficially own the 527,983 shares of Common Stock
held by Avego, representing 8.18% of the Common Stock outstanding as of
September 19, 2017.
Voting
and investment power with respect to the shares of beneficial interest of the
Issuer owned by Avego may be deemed to be shared by BV as the Manager, a
beneficiary of Mayura Trust, and a member of Mayura One. BV does not directly
own any shares of Common Stock. BV may be deemed to beneficially own the 527,983
shares of Common Stock held by Avego, representing approximately 8.18% of the
Common Stock outstanding as of September 19, 2017.
Voting
and investment power with respect to the shares of capital stock of the Issuer
owned by Avego may be deemed to be shared by each of BV, YE and CM each of whom
is a member of Maura One, which is the trustee of Mayura Trust, which is
entitled to appoint the Manager of Avego. Neither BV, YE nor CM owns any shares
of Common Stock. Each of BV, YE and CM may be deemed to beneficially own the
527,983 shares of Common Stock held by Avego representing approximately 8.18% of
the Common Stock outstanding as of September 19, 2017.
(b) Number
of shares of Common Stock as to which such person has:
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