Manchester Management PR Divests SANUWAVE Shares

TL;DR

**Major investor Manchester Management PR just dumped all its SANUWAVE shares.**

AI Summary

Manchester Management PR, LLC, led by James E. Besser, has filed an Amendment No. 7 to their Schedule 13D, indicating a change in their beneficial ownership of SANUWAVE Health, Inc. common stock. As of December 30, 2023, Manchester Management PR, LLC now reports 0 shares with sole voting power and 0 shares with shared voting power, a significant reduction from previous filings. This matters to investors because it signals a complete divestment or a reclassification of their holdings, potentially reducing institutional oversight or influence on SANUWAVE's strategic direction.

Why It Matters

This filing indicates a major investor, Manchester Management PR, LLC, no longer holds beneficial ownership in SANUWAVE Health, Inc., which could impact the company's stock price and investor confidence.

Risk Assessment

Risk Level: medium — The complete divestment by a significant investor could signal a lack of confidence in the company's future prospects, potentially leading to downward pressure on the stock price.

Analyst Insight

A smart investor would investigate the reasons behind Manchester Management PR, LLC's complete divestment and consider if this signals underlying issues with SANUWAVE Health, Inc. before making any investment decisions. Monitoring SANUWAVE's stock performance and any subsequent news or filings would be prudent.

Key Numbers

• 0 — Sole Voting Power Shares (Number of shares Manchester Management PR, LLC now holds with sole voting power as of December 30, 2023)
• 0 — Shared Voting Power Shares (Number of shares Manchester Management PR, LLC now holds with shared voting power as of December 30, 2023)

Key Players & Entities

• SANUWAVE Health, Inc. (company) — the subject company whose securities are being reported
• Manchester Management PR, LLC (company) — the reporting person who filed the SC 13D/A
• James E. Besser (person) — the person authorized to receive notices and communications for Manchester Management PR, LLC
• $0.001 (dollar_amount) — par value of SANUWAVE Health, Inc. common stock

Forward-Looking Statements

• SANUWAVE Health, Inc.'s stock price may experience downward pressure due to the perceived lack of institutional confidence. (SANUWAVE Health, Inc.) — medium confidence, target: short-term
• Other institutional investors might re-evaluate their positions in SANUWAVE Health, Inc. following this divestment. (SANUWAVE Health, Inc.) — low confidence, target: medium-term

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 (Title of Class of Securities) 8030
• $0.067 — rchase Shares with an exercise price of $0.067 per share (the “.067 Warrant&rdqu
• $0.04 — ays preceding such listing is less than $0.04 per share; provided, however, that the
• $0.01 — 2023 Warrants shall never be less than $0.01 per share. The December 2023 Warrants h
• $0 — /or in Shares, at a conversion price of $0.04, the principal as may be advanced in

Filing Documents

• d10926000_13d-a.htm (SC 13D/A) — 169KB
• 0000919574-24-000047.txt ( ) — 171KB

From the Filing

SC 13D/A 1 d10926000_13d-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 7)* Sanuwave Health, Inc. (Name of Issuer) Common Stock, par value $0.001 (Title of Class of Securities) 80303D107 (CUSIP Number) James E. Besser c/o Manchester Management Company, LLC 2 Calle Candina, #1701 San Juan, Puerto Rico, 00907 Telephone Number: (617) 399-1741 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 30, 2023 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [X]. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. CUSIP No. 80303D107 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Manchester Management PR, LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS AF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Puerto Rico NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 472,022,067 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 472,022,067 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 472,022,067 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.70% 14. TYPE OF REPORTING PERSON IA CUSIP No. 80303D107 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Manchester Explorer, L.P. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 418,022,067 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 418,022,067 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 418,022,067 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 29.84% 14. TYPE OF REPORTING PERSON PN CUSIP No. 80303D107 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Manchester Management Company, LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS AF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 472,022,067 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 472,022,067 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 472,022,067 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.70% 14. TYPE OF REPORTING PERSON OO CUSIP No. 80303D107 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) James E. Besser 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS AF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 2,250,000 8. SHARED VOTING POWER 472,022,067 9. SOLE DISPOSITIVE POWER 2,250,000 10. SHARED DISPOSITIVE POWER 472,022,067 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 474,272,067 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.86% 14. TYPE OF REPORTING PERSON IN CUSIP No. 80303D107 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Morgan C. Frank 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (

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