![](https://investorshub.advfn.com/uicon/595721.png?cb=1487405963)
Sunday, January 14, 2018 10:09:34 AM
A person shall be deemed to be the beneficial owner of a security, subject to the provisions of paragraph (b) of this rule, if that person has the right to acquire beneficial ownership of such security, as defined in Rule 13d-3(a) (§ 240.13d-3(a)) within sixty days, including but not limited to any right to acquire: (A) Through the exercise of any option, warrant or right; (B) through the conversion of a security;
This portion of the Securities Act leaves the note holder open to becoming a Rule 144 filer if he has the ability to convert shares that make him 5% owner, even if he doesn't actually convert those shares. The only thing that restricts his ability is the language in the agreement with OMVS that prevents him from ever converting enough shares to make him 5% owner (that's why that language in the agreement is basically required for the note holder).
So, you have to keep in mind that these note holders are restricted in how much they will actually convert. They want to stay under 5% ownership at any one time. I would ignore the silly comments that suggest that we'll be hit with an avalanche of new shares in the O/S.
Keeping that in mind, you then look at the daily trading volume since the last known O/S (which is found in the filings), then look for the presence of dilutive MMs, then look for any abnormal/unexplained spikes in volume, etc. You can come up with a pretty good guess by the end of it all.
Either way, the O/S will be in line with what most people's reasonable expectations are.
$$$ OMVS $$$
Recent AITX News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 10:05:48 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 10:02:33 AM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 06/11/2024 09:30:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/11/2024 10:01:40 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 10:02:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 10:02:27 AM
- This AI Company Has a Solution to Detect Firearms in Real Time and is Working on SAFETY Act Designation • AllPennyStocks.com • 05/30/2024 02:40:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 10:04:42 AM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 05/29/2024 07:12:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 10:03:51 AM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 05/28/2024 09:28:23 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/28/2024 09:09:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 10:03:31 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 10:02:13 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 10:21:06 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 10:10:22 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 10:06:42 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 05/09/2024 08:01:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 10:06:40 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 10:05:22 AM
- Shares of this Innovative AI Solutions Firm Rip on Updated Pricing • AllPennyStocks.com • 05/06/2024 06:40:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 10:10:24 AM
- Shares Moving Up For AI SAAS Firm on News of an Initial Order • AllPennyStocks.com • 04/11/2024 03:47:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 11:04:41 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 11:08:07 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM