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Nelson Obus Goes Activist on GlyEco

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.

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Disclosure: none

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