Replies to post #515 on Ecomax Inc. (EMAX)

[Duke2484]

If Ivo owned 8.5% he would have had to report on the SC 14f-1, no? My understanding is reporting required if >5% owned.

I think it breaks down like this:

Issued and outstanding: 23,811,750
Restricted total: 21,765,000

Per 14f-1;
BVI owns: 20,205,000
Palatin AG owns: 1,560,000

Public float is 23,811,750 - 21,765,000 = 2,046,750.

Not that it matters in the big picture but I don’t think he owns anything anymore.