Truscott Capital, LLC 4
4 · DGSE COMPANIES INC · Filed May 22, 2019
Insider Transaction Report
Form 4
Truscott Capital, LLC
10% Owner
Transactions
- Other
Common Stock
2019-05-20−12,814,727→ 0 total
Footnotes (2)
- [F1]These shares of common stock were disposed of in connection with the consummation of that certain stock and note purchase agreement, dated May 20, 2019, by and between John R. Loftus and Elemetal, LLC (the sole member of Truscott Capital, LLC), pursuant to which John R. Loftus purchased certain assets, including these shares of common stock, from Elemetal, LLC, in exchange for cash and certain membership units of NTR Metals, LLC, Elemetal, LLC and JL-PN, LLC.
- [F2]On December 9, 2018, warrants held by the Reporting Person expired pursuant to their terms. The Reporting Person neither exercised nor received any value upon the expiration of the warrants. Accordingly, the expiration of the warrants is not a reportable event.