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Alias Born | 11/15/2006 |
Wednesday, December 01, 2010 1:54:53 PM
How many shares do you have to buy to own a company?
So if you find a company that has really low cost shares like Renewal Fuels, Inc. how many shares must you own before you own enough to be a decision maker?
You can control a company when you own 50.1% of the outstanding shares. But you have to report to the SEC if you own more than 10% of any public company - since with large companies that's enough to get you a seat on the board.
So lets think about how many shares we have here on the board.
And if the float is really locked down.
I am starting.
2.495.000 Shares of RNWF in my Portfolio.
And you?
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