Replies to post #41831 on Solei Systems Inc. (fka SOLI)

[DTGoody]

You Too and Thanks for Posting this very valuable information:

Form 4 requirement says:

Quote:

Form 4 is required to be filed by a company when there is a change in the holdings of company insiders. This filing is related to Form 3 and Form 5, which also cover changes to the company insider holdings.Apr 14, 2019



The key point in the requirement is "change in holdings".
If new shares are issued no Form 4 is required and it will be disclosed in the subsequent filing.

The shares given out are "new shares" so there isn't any change in ownership/control.

If you will to look at the filings of ARGQ they also gave new shares to their management in lieu of salary and didn't need to file a form 4.
The disclosure was made in the subsequent Q.

[DTGoody]

Any Debt conversions would qualify as new shares! As I have stated before Charlie Purchased Debt here, and this brought his insider ownership up. These new shares ended up going into the Restricted shares and not into our 37 million share float on the open market! I am very please in how management is handling things! Have a Great Weekend Everyone!