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riverandfold

09/23/10 4:07 PM

#8043 RE: My4ntoy #8042

no I don't know of a time requirement, would need to research it.

riverandfold

09/23/10 4:16 PM

#8045 RE: My4ntoy #8042

Sorry it's a schedule 13D or 13G

What Does Schedule 13D Mean?
A form that must be filed with the SEC under Rule 13D. The form is required when a person or group acquires more than 5% of any class of a company's shares. This information must be disclosed within 10 days of the transaction. Rule 13D requires the owner to also disclose any other person who has voting power or the power to sell the security.


What Does Schedule 13G Mean?
An SEC form similar to the Schedule 13D used to report a party's ownership of stock that is over 5% of the company. Schedule 13G is shorter and requires less information from the filing party. Ownership of over 5% in a publicly-traded stock is considered to be significant ownership, and therefore must be reported to the public.