Gruber & McBaine Capital Management’s Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) GOL Stock Holding History

Bought
Maintained
Sold
Quarter Market Value Status Shares Shares
Change %
Capital Flow Portfolio Weight Portfolio Position
2015
Q2
$237K Hold
50,000
0.06% 169
2015
Q1
$243K Buy
+50,000
New +$243K 0.06% 173
2014
Q3
Sell
-125,000
Closed -$1.37M 217
2014
Q2
$1.37M Hold
125,000
0.37% 95
2014
Q1
$1.22M Hold
125,000
0.32% 108
2013
Q4
$1.14M Buy
+125,000
New +$1.14M 0.3% 103