It means he needed to file because he now ownes more that 5% of the outstanding stock and is considered and insider and needs to know follow the same rules that Marc does when buying and selling shares.
Peter has been around for some time and if I remeber correctly was the one that entered into a fixed price debt arrangement with a conversion price of .0024.
He has had detailed meetings/discussions with Marc and has invested hundred's of thousands of dollars to the company.
the fact that he still holds so many shares and has actually increased his stake tells me that all is still well with the company or he would certainly of trimmed his position.
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