3 billion shares would make them a 50% owner of all common stock. Once over 5%, SEC filing is required by the shareholder. SBC is smart enough not do do that. But someone did start buying commons about that time, and it has never been explained. Maybe a group, which could get around the filing by each holding under 5%. I almost had 5% at one time, but in 3 portfolios.
Yes… I agree! I still believe they are holding a majority to sell after 1 year to avoid capital gains. Therefore watch for Thanksgiving to Christmas to run hard!