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Re: RealDutch post# 149281

Saturday, 11/10/2018 3:52:43 AM

Saturday, November 10, 2018 3:52:43 AM

Post# of 163724
RD "but it must register those securities to be sold in the United States as well as any possible flow-back of securities into the US."

To me this seems to indicate that a F-1 may be required. An important word in this context is "flow-back". My impression is that it is unclear if the word "back" matters in this context. Since SIAF is registered in the US it may be possible to think that shares in TRW owned by SIAF and transferred to SIAF shareholders in the US flow back into the US. If this is done by TRW directy the shares flow into the US but they don't flow back because they have no relation to the US. But these interpretations are pretty subtle and it would not be surprising if lawyers disagree as to what is the right interpretation. It is possible that the above is what has caused the cancelling of the record date.

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