Denby buys more shares of Feldman Mall

By Lisa Kerner

Charlotte, N.C., July 30 - Feldman Mall Properties, Inc. investor Paul J. Denby upped his stake in the company to 6.4%, from 5.4% on March 12, according to a schedule 13D filed with the Securities and Exchange Commission.

The investor bought 203,100 additional shares of Feldman stock between April 10 and July 22 priced from $0.20 to $3.64.

Denby beneficially owns 903,100 shares of the Great Neck, N.Y., real estate investment trust.

In a March SEC filing, Denby said Feldman should pursue a sale of the company or otherwise eliminate the expense of continuing as a public company.

Denby noted he may also seek to make changes to Feldman's board of directors.

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