The Golden Lounge

[Theo]

$BISA I received a PM from someone who highlighted this from the recent: 10K

Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth, as of March 31, 2020, certain information with respect to the beneficial ownership of our Common Stock by (i) each person known to us who beneficially owns more than 5% of our outstanding Common Stock;
(ii) each director; (iii) each named executive officer; and (iv) all directors and officers as a group:

Shares Beneficially Owned
Name of Beneficial Owner Number Percent

Nicol Family Partnership (1) 1,500,000 13.67%
Robert L. Knauss 1,072,431 (2) 9.52
Citibank (Switzerland) (1) 1,000,000 9.11
Paul R. Gregory 515,369 4.70
David A. Grossman 220,084 (4) 1.98
Ted Reynolds 83,000 0.76
All directors and executive officers 2,177,611 (5) 18.96


I'm comfortable in assuming that Citibank proper does NOT directly own the shares- holding by proxy for someone seems much more likely. However, 1 million shares is a fairly significant chunk of open market shares given the float of just under 11 million to an entity outside the U.S. Notice that the other holders hold either a much smaller block or they are under a "Partnership" or they are Series A Preferred Shares (that are convertible btw).

What does it mean? No idea, and more than likely nothing- just something new- and after all these years, I'm not holding my breath lol. However, it is different from the typical boilerplate filings I have seen from them over the years while we all wait in anticipation..... or ambivalence.