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Thursday, October 16, 2014 4:08:46 PM
Form 13 from July 25th, 2014:
Shared voting power: 51,853,696 capital shares (31,853,696 shares of common and 20,000,000 shares of preferred)
Form 13 just filed from Oct 1, 2014
Shared voting power: 52,368,582 capital shares (32,368,582 shares of common and 20,000,000 shares of preferred)
So, looks like Northstar just picked up another 32,368,582- 31,853,696 = 514,886 shares of common stock.
Bout half a million shares. Just more dilution and nothing new. It'll most likely be listed for something like "interest owed" or similar. It's in every 10-K and 10-Q they file from what I've read.
They hand out shares all the time for payment of all sorts of stuff. They have no cash for the most part at any given time- so everybody gets paid in common shares of stock. Who knows what price they got um at- won't know until the 10-Q or 10-K file is releases and it will be listed on some line item in there. This occurred on Oct-1, so may or may not be in this next 10-Q filing, as the qtr ended on end of Sept.
Just more shares being issued out- nothing new IMO.
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