Affluence Corporation (AFFU)

[BigBadWolf]

TJG u r correct on all accounts. As it relates directly to the 13G filing I’ll share a little education w/ any who seem to grasp said.
A Schedule 13G filing is typically made by an investor or group of investors who acquire a significant amount of a publicly traded company's securities, but do not intend to exercise control over the company. It's an alternative to the more detailed Schedule 13D, which is filed when an investor intends to influence or control the company.

Who files a 13G:
Institutional investors (like mutual funds, pension funds, and other large investors) or
Passive investors who acquire 5% or more of a class of securities, and do not intend to exert control or influence over the company.
In particular, Schedule 13G is often filed by:

Institutional investors who acquire 5% or more of a company’s stock but do not intend to take control.
Passive investors who hold a 5% or more stake and do not plan to actively influence the management or policies of the company.
Qualified institutional investors (QIs) like certain banks, insurance companies, and investment firms.
Individuals or entities who acquire the securities in a passive manner, i.e., without the intent of controlling or influencing the company.
Sole Responsibility for Filing:
The responsibility for filing the Schedule 13G lies with the person or entity who owns or controls the securities, which can be the investor or entity acquiring the 5% or more stake.
If the investor is an institutional investor, the institution itself files the 13G.
If it’s an individual investor, the individual is responsible for filing.
The filing is usually due within 45 days after the end of the calendar year in which the 5% threshold is crossed, but it must be filed promptly once the threshold is met.
In short, the party that acquires 5% or more of a company’s stock, and intends to passively hold that stake without seeking control, is responsible for filing Schedule 13G.

Perhaps that last highlighted section might also shine some light on the other boogie man ideas floated around by any…