O/S ownership, and # shareholders.
Re: post below by Stushy, you can own any percentage you want. There are rules for people who own over 10 percent of the O/S in a reporting company, OTC-BB, or higher. SEC forms 3,4, and 5 apply. There are no requirements that I am aware of for pinks.
Also, on another point, when reviewing the # of shareholders, understand brokers hold shares in street name. So, many customers of a single broker may appear as 1 name. There are probably many more than 300 shareholders, unless they got their counts from NOBO/OBO lists, then 300 would be correct.
Posted by: stushy
In reply to: None Date:3/30/2007 9:51:47 AM
Post #of 1174
Any laws stating a shareholder cannot legally own more than 10% of a public float or is that O/S?...Not to familiar with all the laws.
