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Re: flipper44 post# 49439

Saturday, 01/02/2016 3:10:10 PM

Saturday, January 02, 2016 3:10:10 PM

Post# of 702446
True but you can still own 10% or more and still be a passive investor. But you are correct 5% threshold for certain filing deadlines. He would have to file within the same time frame as an officer of the company on a sale or purchase.

For the sake of restrictions of when to sell or buy being an active shareholder does limit times he can sell or buy as well.
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