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Re: Boilingman post# 217344

Tuesday, 09/28/2021 10:01:32 PM

Tuesday, September 28, 2021 10:01:32 PM

Post# of 232835
No. This is used to determine beneficial ownership of a security. Beneficial owners must file a form 13d with the SEC if they exceed 5% ownership of the voting class of the equity. To determine whether or not Bruce Bromage meets the 5% threshold, you need to take the total number of shares Bruce owns or has the right to acquire in the next 60 days through the exercise of an option or warrant, divided by the total shares of the stock.

The "60 days" statement is included anytime the outstanding stock options count is listed so that we as shareholders can determine if he meets that particular criterion for being a beneficial owner.
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