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Re: JefferyScott post# 26646

Friday, 11/07/2014 10:34:31 AM

Friday, November 07, 2014 10:34:31 AM

Post# of 129193
The 13G was a filing stating that an individual owns more tha 5% of the company stock. This person ALSO happens to still have a $30k balance on a CD. It's not a new CD. He's basically one of the CD holders and through conversion has accumulated more than 5% of the O/S.


Schedule 13G is an alternative SEC filing for the 13D which must be filed by anyone who acquires ownership in a public company of more than 5% of the outstanding stock. The 13G filing is considered a more passive version of the 13D and has fewer reporting requirements than the 13D.
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