Friday, July 01, 2016 10:24:25 AM
He is an owner of more than 5% of the outstanding shares though if that number is accurate above;So he probably would have to file 13D if he goes under 5%? Not sure about all of the legalize involved.
O/S/ IS 53,316,134 and he did own 3,021,937 Five percent of O/S is 2,665,807
That's as much as I know ... Once he drops below 5% I don't believe he is required to file any longer and could sell the rest at his leisure without reporting.
Someone else might be able to clear that up if I wrong but that's my best guess without working my brain too hard
"Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing."
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