Replies to post #31063 on Artificial Intelligence Technology Solutions Inc (AITX)

[buzzabby]

No idea how the SEC could possibly track it if 6-7 guys all have individual accounts. 30 million seems a tad aggressive based on volume. With that said I would expect them to run it up again to .16-.20 the second time

The reality is no one really knows exactly what is up

[penn_e_pincher]

I couldn't find exactly what I was reading, but here's an excerpt from the SEC language:

https://www.law.cornell.edu/cfr/text/17/240.13d-3

(b) Any person who, directly or indirectly, creates or uses a trust, proxy, power of attorney, pooling arrangement or any other contract, arrangement, or device with the purpose of effect of divesting such person of beneficial ownership of a security or preventing the vesting of such beneficial ownership as part of a plan or scheme to evade the reporting requirements of section 13(d) or (g) of the Act shall be deemed for purposes of such sections to be the beneficial owner of such security.

The material I remember reading was an article interpreting the definition of beneficial owner in the context of multiple parties with ownership and close enough ties to constitute a single entity holding the security. I'll keep looking...