Told you guys this was a non event, in fact the shares weren't even bought, just transferred to the Churchill client's account:
By: mrbiz2005
19 Apr 2005, 07:57 PM EDT
Msg. 32558 of 32563
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Today I spoke with Eileen Holmes, Senior Vice President of Churchill Management regarding the 52,284,000 shares of NMCX that is reported on Churchill's most recent Form 13F.
A couple of things to report:
1. It is correct that if a security is listed on the Form 13F then it is (supposedly) a security purchased by Churchill as an investment advisor.
2. However, upon reviewing this transaction during my conversation with Ms. Holmes she discovered that these share were in fact NOT purchased by Churchill as an investment advisor. They were however, deposited by an investor.
3. Said investor makes all investment decisions regarding this stock, not Churchill.
4. Reporting this investment on the Form 13F was in error by Churchill.
5. They will correct their mistake and it should not appear on their next filing.
spark, light off. I'll post as I please.
