Replies to post #255915 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"Primary case is Aruda, who filed recently not because required, but (IMO) because s/he/they wanted to show they are still holding over 6 million shares after 5 years of claims they are sellers."


Of course they were required to make that filing:
"(b) Notwithstanding paragraph (a) of this section, and provided that the person filing a Schedule 13G (§ 240.13d-102) pursuant to § 240.13d-1(b) or § 240.13d-1(c) continues to meet the requirements set forth therein, any person who has filed a Schedule 13G (§ 240.13d-102) pursuant to § 240.13d-1(b), § 240.13d-1(c) or § 240.13d-1(d) shall amend the statement within forty-five days after the end of each calendar year if, as of the end of the calendar year, there are any changes in the information reported in the previous filing on that Schedule: Provided, however, That an amendment need not be filed with respect to a change in the percent of class outstanding previously reported if the change results solely from a change in the aggregate number of securities outstanding. Once an amendment has been filed reflecting beneficial ownership of five percent or less of the class of securities, no additional filings are required unless the person thereafter becomes the beneficial owner of more than five percent of the class and is required to file pursuant to § 240.13d-1."
https://www.law.cornell.edu/cfr/text/17/240.13d-2

[MrW]

“Aruda, who filed recently not because required...”

This is not true.