Point Blank Solutions shareholder Harbinger Capital sells 3.62 million shares

By Lisa Kerner

Charlotte, N.C., Dec. 1 - A group of Point Blank Solutions, Inc. shareholders led by Harbinger Capital Partners Master Fund I, Ltd. sold 3,624,472 shares on Wednesday.

Each share was priced at $0.12 or $0.45.

The investors beneficially own approximately 3.91 million shares, or 7.6%, of Point Blank's outstanding stock, according to schedule 13D/A filed with the Securities and Exchange Commission.

Point Blank is a Pompano Beach, Fla., producer of body armor systems for law enforcement and the military.

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