Sixty Six Oilfield Services Inc (SSOF)

[ChaseDog31]

So we would be considered passive investors and not institutional or insiders. Here is the SEC rule for us:

“Passive Investors.”

Investors who do not hold the registered equity securities for the purpose of influencing or changing control of the issuer are eligible to file Schedule 13G so long as their shareholding does not exceed 20% of the relevant share class. Passive investors must file their initial Schedule 13G within 10 days of crossing the 5% threshold. Amendments must be filed within 45 days after the end of the year. Passive investors must file an amendment promptly after acquiring more than 10% of the relevant class of registered equity securities and whenever they increase or decrease their shareholding by more than 5%. A passive investor must file Schedule 13D promptly if it acquires more than 20% of the relevant class of registered equity securities or ceases to hold the securities for passive investment purposes.

So if you own 23.75 million shares you must file a 13G within 10 days of acquiring this amount.