Sunday, August 10, 2014 9:37:10 AM
If an agreement is signed in the ordinary course of business, per the SEC it does not need to be disclosed via 8k.
I find the timing and naming of a confidential licensee quite interesting as it came shortly after SS purchased his shares. We know he has plans for mobile in Nant and that he confirmed his investment in NEOM 3 months after LM made this comment. Something he only needed to do once if the change was due to the increase in the OS.
What we also know now is that his CPA, Steve Hassan, who is the Manager of Global Grid LLC, confirmed that if he sold he would have had to file a 13D closing out his position. He has not made that filing. And it may be coming but for now it is correct to say that he still has his investment until the filing requirement is met. Anyone telling investors otherwise is WRONG and have yet to support their comments with any kind of SEC language that says a 13D is not required to close out a position when a 13D is filed initially. Yet I have posted the contrary here and confirmed it in a conversation with SS's CPA.
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