Page 4 of 7 – SEC Filing CUSIP No. 76658B100 Page 4 of 7 Pages
Item 4. Purpose of Transaction
Mr. Cannell, on behalf of the Investment Vehicles, identified the Company as an
entity satisfying each of the Investment Vehicle’s investment criteria. The Investment Vehicles acquired and continue
to hold the Shares as a long-term investment.
Cannell Capital files this 13D amendment in order to update the percentage of Shares owned following recent sale transactions.
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.
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 and laid out in the Exhibit, 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.
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 August 9, 2016, there were 19,305,711
Common Shares issued and outstanding as of November 4, 2015.
CUSIP No. 76658B100 | Page 4 of 7 Pages |
Item 4. Purpose of Transaction | |||||||||||
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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 August 9, 2016, there were 19,305,711 Common Shares issued and outstanding as of November 4, 2015. |
(a) As of the Reporting Date, for the purposes of Reg. Section 240.13d-3, Cannell
Capital LLC may be deemed to beneficially own 1,214,264 Shares, or approximately
6.29% 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
  Cuttyhunk08/03/201617,36112.0062 Sell Cuttyhunk08/04/20162,52011.9164 Sell  Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer NoneItem 7. Material to Be Filed as Exhibits