Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Modsys International Ltd (MDSY): Prescott Group Capital Management Is Gobbling Up

Prescott Group Capital keeps betting on Modsys International Ltd (NASDAQ:MDSY), an IT modernization service provider to companies that use legacy enterprise systems with now obscure programming languages.  Phil Frohlich’s hedge fund owned slightly more than 4 million shares of Modsys International at the end of the third quarter. This week, the hedge fund disclosed that it purchased more than 800K shares of MDSY over the last 3 months. These new purchases increased Prescott Group’s ownership stake to 24.8%. The details of the transaction can be seen below:

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
PRESCOTT GROUP CAPITAL MANAGEMENT 4,849,965 0 4,849,965 0 4,849,965 24.8%
PRESCOTT GROUP AGGRESSIVE SMALL CAP 0 4,849,965 0 4,849,965 4,849,965 24.8%
PRESCOTT GROUP AGGRESSIVE SMALL CAP II 0 4,849,965 0 4,849,965 4,849,965 24.8%
PHIL FROHLICH 4,849,965 0 4,849,965 0 4,849,965 24.8%
MDSY backup, cable, center, communication, computer, connection, consultant, data, database, datacenter, engineer, female, hardware, infrastructure, internet, it, maintenance, network, provider, rack, router, security, server, storage, support, technology, traffic, web, woman information technology

Copyright: limonzest / 123RF Stock Photo

Phil Frohlich
Phil Frohlich
Prescott Group Capital Management

Page 1 of 8 – SEC Filing






(Amendment No. 9)

(Rule 13d-101)

Under the Securities Exchange Act of 1934



International Ltd.

(Name of Issuer)

Ordinary shares, NIS 0.01 par value

(Title of Class of Securities)



Phil Frohlich

1924 South Utica, Suite #1120

Tulsa, Oklahoma 74104-6429

(918) 747-3412

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

– with copies to –

Eliot D. Raffkind

Gump, Strauss, Hauer & Feld, L.L.P.

1700 Pacific Avenue, Suite 4100

Dallas, Texas 75201-4618

(214) 969-2800

December 29, 2016

(Date of event which requires filing of this statement)



If the filing person has
previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e),
13d-1(f) or 13d-1(g) check the following box [X].

The information
required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the Act), or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act.

Follow Modsys International Ltd (NASDAQ:MDSYF)

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
This is a FREE report from Insider Monkey. Credit Card is NOT required.