Replies to post #16 on The Penny King's Free and Clear M&A Fund (FCMAF)

[thepennyking]

QUESTION: What is a Schedule 13D?

ANSWER: Schedule 13D is an SEC document that must be filed by any
person or entity acquiring direct or beneficial ownership of at least
5% of any class of a company's outstanding shares. The purchaser must
file Schedule 13D within 10 days of reaching the 5% ownership
threshold, and all subsequent trades must be stated promptly on an
"amended" 13D. The purchaser must also indicate their intention of
ownership - i.e. passive investment or takeover attempt. The
purchaser must also file a 13D with the company itself, and with the
stock exchange on which the shares are listed.


Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund, and Janitor for the Global Morass of Debt Instruments.