Page 4 of 8 – SEC Filing CUSIP No. 120076104 Page 4 of 8 Pages
Item 4. Purpose of Transaction Mr. Cannell, on behalf of the Investment Vehicles, identified the Company as an entity satisfying each
Investment Vehicle’s investment criteria. The Investment Vehicles acquired and continue to hold
the Shares as a long-term investment.
Mr. Cannell files this 13D amendment to reflect recent sales of the shares.
Above and beyond the action summarized above, Mr. Cannell reserves the right to discuss various views and opinions with respect to the
Company and its business plans with the Company or the members of its senior management. The discussion of such views and opinions may
extend from ordinary day-to-day business operations to matters such as nominees for representation on the Company’s board of directors,
senior management decisions and extraordinary business transactions. Mr. Cannell reserves the right to take such action as he may deem
necessary from time to time to seek to maximize the value of the Shares. Such actions may include, but may not necessarily be limited to,
pursuit of strategic initiatives to enhance shareholder value.
In addition to the actions set forth above, Mr. Cannell may engage in any of the actions specified in Items 4(a) through 4(j)
to the Schedule 13D general instructions.
Except as set forth above, Mr. Cannell has no present plans or proposals that relate to or would result in any of
the transactions described in Item 4 of Schedule 13D. Generally Cannell Capital supports the efforts, strategy, and changes instituted by the new officers of the Company.
Item 5. Interest in Securities of the Issuer Based on information set forth in the Company’s Form 10-Q as filed with the
Securities and Exchange Commission on May 12, 2016, there were 15,817,751
Common Shares issued and outstanding as of May 6, 2016.
| CUSIP No. 120076104 | Page 4 of 8 Pages |
| Item 4. Purpose of Transaction | |||||||||||
| Mr. Cannell, on behalf of the Investment Vehicles, identified the Company as an entity satisfying each | |||||||||||
| Item 5. Interest in Securities of the Issuer | |||||||||||
| Based on information set forth in the Company’s Form 10-Q as filed with the Securities and Exchange Commission on May 12, 2016, there were 15,817,751 Common Shares issued and outstanding as of May 6, 2016. | |||||||||||
(a) As of the Reporting Date, for the purposes of Reg. Section 240.13d-3, Cannell
Capital LLC may be deemed to beneficially own 587,268 Shares, or approximately
3.71% of the Shares deemed issued and outstanding as of the Reporting Date.
(b) Cannell Capital LLC possesses the sole power to vote and to direct
the disposition of the Shares held by the Investment Vehicles.
(c) The following table details the transactions during the sixty days on or prior
to the Reporting Date in Shares, or securities convertible into, exercisable for or
exchangeable for Shares, by Cannell Capital LLC or any other person or entity
controlled by him or any person or entity for which he possesses voting or
investment control over the securities thereof (each of which was effected in
an ordinary brokerage transaction by Cannell Capital LLC on behalf
of the Investment Vehicles).
EntityDateQuantity
Price
Per Share
Form Of
Transaction
  Cannell SMAs03/14/201679013.2137 Sell Cuttyhunk03/14/201699113.2137 Sell Tonga03/14/20161,86213.2137 Sell Tristan Offshore03/14/20161,33713.2137 Sell Tristan03/14/20162,77713.2137 Sell Cannell SMAs03/16/201695312.6013 Sell Cuttyhunk03/16/20161,19412.6013 Sell Tonga03/16/20162,24512.6013 Sell Tristan Offshore03/16/20161,61312.6013 Sell Tristan03/16/20163,34712.6013 Sell Cannell SMAs03/17/201668012.4983 Sell Cuttyhunk03/17/201685212.4983 Sell Tonga03/17/20161,60212.4983 Sell Tristan Offshore03/17/20161,15112.4983 Sell Tristan03/17/20162,39012.4983 Sell
