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Re: NorthTrail post# 76665

Tuesday, 11/23/2021 4:46:51 PM

Tuesday, November 23, 2021 4:46:51 PM

Post# of 94990
Yes, they can buy shares on the open market. Nothing illegal about that. However, if they acquire more than 5% of the float, they should file form 13D or 13G with the SEC:

https://www.investmentfundlawblog.com/resources/investments-by-funds/acquiring-5-publicly-traded-company/