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

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

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!