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GRUBER & MCBAINE CAPITAL MANAGEMENT LLC
> TWX
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2015 | TIME WARNER INC. | TWX | 0 | -12,000 | 0 | -475,000 | |
| 03/31/2015 | TIME WARNER INC. | TWX | 12,000 | 12,000 | 475,000 | 475,000 | $39.58 |
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