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.

Phil Frohlich, Prescott Group Are Bullish on China Marine Food Group

Phil Frohlich, China Marine Food Group: Phil Frohlich and his hedge fund Prescott Group Capital Management recently reported buying 711,607 shares of China Marine Food Group Ltd (NYSEMKT:CMFO). In a form 4 filing, Prescott disclosed six transactions, following which its exposure in the company went up to around 5.5 million shares. The prices of the deals are around $0.2 per share.

China Marine Food Group

Prescott purchased additional shares of the company right after China Marine Food Group said that its Board of Directors decided to volunary delist the company from the NYSE MKT and deregister it from the reporting requirements of the Securities Exchange Act of 1934. The delisting is possible, since the company has less than 300 shareholders and it is expected to be completed by November 11.

Disclosure: none

Recommended Reading:

River Road Unloads Big Part of Its Mac-Gray Corporation Stake

Lazard Asset Management Decreases Stake in London-Listed Baillie Gifford

Hedge Fund News: George Soros, Dan Loeb & The ‘Hottest’ Strategy