Why do you think this indicates that Franklin has increased their holding in REXX?
For more Franklin questions. They participated in debt swaps with REXX so they have debt swap shares and the shares that they acquired to take stock in the company at 9%. They filed the 13G stating over 5% ownership at 9%. It is my understanding that the 9% Franklin holding position is different than the shares they posses and or liquidated since from their debt swap business with REXX, is this correct thinking? That their 9% position is treated as completely separate from the debt swap shares?
Now if they drop below 5% they need to report per 13G filling within 45 days? What is the rule to file and inform if they increase their position?
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