Replies to post #184972 on Verus International Inc (VRUS)

[Charlye]

Thank you Joe...that means that it was not a warning sign Citadel troubles in Verus investment, such that we can have a relief on this one, such that could be better not to mention it

[Werbe]

Hmmm let me clear this up for everyone. Citadel had a 7.7% ownership stake in regards to the SC13G when filed for December when they bought. Law states filing 45 days after end of year when over 5%. I doubt they bought to immediately dump and if they did while still in the last year, we would see another amendment. They could have dumped after the year but no pumps @ all means they bought to lose money? Same as with last SC13G with ADAR, they would need to show a change of any amount since obtaining the shares and filing the SC13G. They filed nothing this year so it means they still own all shares and have not disposed of anything.

There are several filing deadlines for Schedule 13G. For institutional investors, they are required to file within 45 days of the end of the year in which they finish above 5%, or within 10 days of first finishing a month above 10% if the initial filing has not yet been completed. Passive investors are required to file within 10 days of acquiring 5% or more of a security. Finally, exempt investors (as defined by Section 13(d)(6)(A) or (B) of the Securities Exchange Act of 1934) must file within 45 days of the end of the year in which they become obligated to file.?

Any changes to the information contained in a Schedule 13G form must be amended through additional reporting. Institutional investors are required to file an amendment to report any changes within 45 days of the end of the year or within 10 days of first finishing a month above 10% and then within 10 days of any month-end where the holder's ownership increases or decreases by 5% or more. Passive investors have similar requirements for reporting amendments.

The SEC can impose fines on individuals and/or companies for improperly filing Schedule 13G forms or failing to file them. Individuals can be cited if they fail to promptly report information about their holdings and transactions, and companies can be fined if they do not report that their employees have not properly filed any required forms. Even if it is inadvertent, the failure to timely file a required beneficial ownership report is a violation of the requirements set out under Sections 13(d), 13(g) and 16(a) of the Securities Exchange Act of 1934.

It is very important that fund managers and other investors are aware of their internal control policies and procedures. In order to settle improper filing claims with the SEC, individual investors have been forced to pay upwards of $150,000 in financial penalties.7? The SEC makes an effort to police these sorts of violations because these forms are intended to protect the public, keeping them aware of the trading activity of insiders and ultimately, preventing insider trading and other acts of stock manipulation.