News Focus
News Focus
Followers 129
Posts 3722
Boards Moderated 0
Alias Born 01/02/2003

Re: mediaguy post# 9325

Wednesday, 10/27/2010 1:33:59 AM

Wednesday, October 27, 2010 1:33:59 AM

Post# of 52916
Hey Mediaguy. Finally found the definition of an "affiliate". As soon as any shareholder files a 13-D, they become an affiliate. As of October 5, 2010 and according to the Cornell Law Schools definitions page, an affiliate is as follows:

(1) Affiliate
The term “affiliate” of a company means any company, 5 percent or more of the outstanding voting securities of which are owned, controlled, or held with power to vote, directly or indirectly, by such company.

http://webcache.googleusercontent.com/search?q=cache:HcmvffR2jN0J:www.law.cornell.edu/uscode/uscode42/usc_sec_42_00016451----000-.html+The+term+%22affiliate%22+of+a+company+means+any+company,+5+percent+or+more+of+the+outstanding'+voting'+...&cd=2&hl=en&ct=clnk&gl=us

Trade Smarter with Thousands

Leverage decades of market experience shared openly.

Join Now