Nelson Obus, Wynnefield Capital, GlyEco: In a new 13D just filed with the SEC, Wynnefield Capital and Nelson Obus reported a 6.9% stake in GlyEco Inc (OTCMKTS:GLYE). Shares of the green product company have lost 40% year-to-date, so it appears that Obus is an activist seeking shareholder value stimulation here. It’s worth noting that the hedge fund manager typically stays away from hostile takeovers or Board room battles.
Recommended Reading:
Greenlight Capital 2013 Q3 Investor Letter
