Public Investment Corp (SOC) Ltd, 10% Owner at Erin Energy Corp. (ERN), bought 377,051,089 shares at $0.72 ($271.5M) on 2014-05-06, disclosed to the SEC on 2016-02-09.
Open-market purchase of $271.5M ERN by 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.72 | 188,442,211 | $135.7M | 50.0% |
| 2 | $0.72 | 188,442,211 | $135.7M | 50.0% |
| 3 | $0.60 | 166,667 | $100K | 0.0% |
| Total | $0.72 avg | 377,051,089 | $271.5M | 100% |