Masfen, long-term Pacific Edge backer, sells 10 mln shares near record high

Wed, 20 Mar 2013

March 21 (BusinessDesk) – Peter Masfen, a long-term backer of Pacific Edge, has sold 10 million shares in the Dunedin-based bladder cancer detection test inventor, taking advantage of a price that reached a record high this week on progress in the US market. The PH Masfen Charitable Trust trimmed its holding to 5.4 percent from the 8.988 percent stake his interests last disclosed in August 2011. That year he picked up 7.5 million shares in the company’s rights issue at 19 cents apiece. Masfen’s son Anatole is a company director. The shares l...

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