Share Surrender. Alameda Research Ventures reported the surrender of 4.5 million Voyager shares on Friday. The shares were surrendered to the Company for no consideration. Voyager subsequently cancelled the shares. The shares represented approximately 2.29% of the then issued and outstanding shares and had a nominal value of about $2.6 million (US $).Insider Regulations? We believe the exchange occurred to get Alameda back below the 10% ownership level so that Alameda is no longer a reporting insider and is no longer a related party to Voyager. Alameda currently holds 18.2 million Voyager shares or about 9.49% of the outstanding. We can only guess as to why Alameda returned the shares rather than selling them, but guess Alameda did not want to put additional pressure on the stock seeing how it performed last week. Obviously as Almeda is no longer a reporting insider, Alameda has more flexibility if it wanted to dispose of additional Voyager shares. Read More >>