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Cannell Discloses Holding 5.54M Shares of ValueVision

Carlo Cannell‘s hedge fund, Cannell Capital, has disclosed that it holds some 5.54 million shares of ValueVision Media Inc (NASDAQ:VVTV), part of which “may be deemed to be indirectly beneficially owned” by Clinton Group and George E. Hall.

Carlo Cannell

Cannell also disclosed holding a total of 982,300 shares in form of derivative securities.

Earlier this week, Clinton disclosed forming an activist group with Carlo Cannell at ValueVision. The group sent a letter to the company’s CEO demanding a special meeting of shareholders.

Disclosure: none

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