Addax Petroleum (fka AXC)

[ssc]

If this statement is true (though I highly doubt that it is): "each of the small group of investors own roughly 10% of the company each", then where are the required filings? Is each member of this small group violating the law?

What Is Schedule 13G?

The Securities and Exchange Commission (SEC) Schedule 13G is similar to the SEC Schedule 13D and used to report a party's ownership of stock which exceeds 5% of a company's total stock issue. These and other SEC forms provide information from individuals who hold significant portions in a publicly traded company and allows investors and other interested parties make informed decisions.

Schedule 13G is shorter in length than the 13D form and requires less information from the filing party. The ownership of over 5% of a publicly traded stock is significant ownership and, reporting to the public is a requirement.

https://www.investopedia.com/terms/s/schedule13g.asp