Pine River, Cullen Agricultural: In an amended 13D with the SEC, Brian Taylor’s Pine River Capital reported that it has closed out its entire position in Cullen Agricultural Holding (OTCBB:CAGZ). The micro-cap is down 25% over the past six months, so investors should watch how the market handles Pine River’s exit closely.
According to the latest 10-Q report of Cullen Agricultural Holdings, it is a development stage company and has not generated any revenues. It carries its operations through a wholly-owned subsidiary, Cullen Agricultural Technologies, which on its hand, holds its own subsidiary, Natural Dair Inc. The company plans to develop and implement grazing-based farming in various regions convenient for the pasture-based model.