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Limited partners provide venture capitapl funds in hopes of a return ontheitr investment. General partners are those who runthe fund. The distributiom of the shares represents a return on the investment in Austin VenturesFund IV. Based on closing stock price Thursdayof $1.09 a selling 750,000 shares would have netted investords $817,500. According to Austin Ventures, the distribution is being made because of contractual obligations with its Afterthis distribution, Austimn Ventures will own about 3.7 millionh shares -- or 13 percengt -- of Crossroads commo stock. About 27.5 million sharezs of Crossroads stockare outstanding.
Austin Ventures hasn' determined the timing or amountf of any future distribution of Crossroads stock held by its Crossroads [Nasdaq: CRDS] providesx connectivity for storage networking.
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