OTCQX:DMMIF - Post by User
Comment by
edxon Jan 12, 2016 11:49am
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Post# 24449925
RE:Sprott reports more selling
RE:Sprott reports more sellingMy knowledge of Ontario securities law isn't great, but I do not think their alternative report filings on SEDAR have been required at all.
As an instituional investor, Sprott is not considered a reportable insider, which is why they can buy and sell without reporting every trade within X business days.
Their obligations are that if, in any given month, they buy or sell in excess of 2% of the float, they must file a report. As far as I'm aware, Sprott has not sold in excess of 900,000 shares in any given month, so they never had an obligation to file these trades.
Whether or not the alternative reports they have been filing periodically (not quite quarterly, but there abouts) are required under some other law or is voluntary, I'm not sure.
But 10% is the threshold, so i don't believe Sprott has to file anything further going forward.