Replies to post #242486 on On4 Communications Inc (ONCI)

[Anvil]

Happy Holidays NAT! As along as Canouse stays below 10% ownership of the o/s, he does not need to report anything nor is he restricted from selling whatever shares he gets from debt conversions.

Like most convert lenders, he will convert and sell, then convert again and sell.

While it sucks for shareholders, the flip side is that convert loans are the only source of capital to most pinks

[shotsky]

Yes, shareholders of record are anyone except brokerage shareholders, no matter their status as lenders, insiders, etc. If your shares are not through a brokerage, you are a shareholder of record.