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Saturday, October 25, 2014 3:23:21 PM
About this group of private investors with 100 million - can we get any anecdotes or references that suggest to their existence? I know it's almost an accepted part of STWA lore at this point, but I'd be interested in some actual eyewitness evidence or anecdote. My assumption in the belief is:
*reference to private meetings with shareholders in London
*being told by various IR people that there's a group of wealthy people with lots of shares
*the way Cecil was booted and the post by Perfection and Ease
*the appearance of similar kind of people to Perfection and Ease, who seem to know a lot and hold a lot of cards, but don't let on much
*the reference to the group on this forum, which I put about 5% weighting on - unless I know what it's based on
*the company flying to the UK and Australia to make pitches to these heavy investors
*the fact that for a while you could pick up the shares for 0.25 each. The whole company has been funded this way. So to get 4 million shares, at the start you'd only need 1m or so, then you get the option for another 4m - right there, you get a huge shareholder who controls 8m shares but only had to shed 2m or so for the privilege. I have heard multiple references to people investing millions in those offers - so if you invest 1m, that means you control 4 million shares.
Another question: if people keep their shares in paper certificates, do they still need to register as beneficial owners if they hold more than 5% of the total shares?
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