Since CCEL is over a 5% holder and filer, I think they would have to file if their last filed position increased or decreased more than one percentage point. In any case don't see how pushing the price around in any way messes with Red Oak. All that matters is whether Red Oak can find a buyer willing to pay more than CCEL for the recurring revenue. Based on some of CCEL's share purchases, they seem willing to pay at least .006 per share for control. If someone else doesn't step up Red Oak eventually will have to sell to CCEL, but CCEL can only wait unless they choose to do a hostile tender which is expensive and risky.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.