Iroquois Capital Edges up Stake in National Holdings Corporation (NHLD)

In its latest filing, Iroquois Capital Management has reported ownership of 7.12 million shares of National Holdings Corporation (OTCBB:NHLD). The stake amasses 5.8% of the company’s common stock. The holding has edged up from below 7.11 million shares held previously.

National Holdings

National Holdings Corporation (OTCBB:NHLD) is the parent corporation of a number of affiliated financial services companies. The financial services company operates through its wholly owned subsidiaries, and is an independent advisor and broker services company.

In October 2013, National Holdings Corporation (OTCBB:NHLD) announced the completion of its merger with Gilman Ciocia Inc. (OTCMKTS:GTAX). The combination created a diversified investment bank and independent broker-dealer with more than 825 registered representatives and broad financial product and service offerings catering to retail and institutional clients. Under the deal, Gilman Ciocia Inc. (OTCMKTS:GTAX) shareholders received 22.7 million shares of National Holdings Corporation (OTCBB:NHLD) common stock, based on an exchange ratio of 0.235019:1. Also, the consideration includes the assumption of about $5.4 million in debt, which was repaid in full at the closing of the merger.

Earlier this month, Iroquois Capital Management, in an amended filing, disclosed a letter sent to the board of director of MGT Capital Investments Inc. (NYSE:MGT).

In the letter, Iroquois stated that MGT Capital Investments Inc. (NYSE:MGT) disclosed and misconstrued the fund’s private discussion with President and CEO Robert Ladd and CFO Robert Traversa in a 8-K on January 21. Iroquois owns 900,543 shares of MGT Capital Investments Inc. (NYSE:MGT), which represent 9.99% of the company’s common stock.

Disclosure: none

Recommended Reading:

Sandell Asset Management Top Picks: Bob Evans Farms Inc (BOBE), Compuware Corporation (CPWR) Among Others

Markel Corp’s Top Picks Include CarMax Inc. (KMX), Berkshire Hathaway Inc. (BRK.A) & More

Invesco Private Capital Reveals Its Stake in Newly Public Company Talmer Bancorp Inc (TLMR)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!