RE:RE:RE:RE:RE:RE:Inception Exploration and conversion at C$8.50 !!!baranja wrote:
That was him?
Yes.
"ARETI Energy SPV, LLC ("SPV") 801 Brickell Ave, Suite 2500 Miami, Florida, USA 33131-4916
Prior to the Early Conversion, SPV and its affiliates had ownership of and control over 24,513,297 Spartan Shares representing approximately 16.65% of the total number of Spartan Shares that SPV understands were issued and outstanding on a non-diluted basis immediately prior to such time. Following the Early Conversion, SPV and its affiliates own and control 30,395,650 Spartan Shares representing approximately 19.86% of the total number of Spartan Shares that SPV understands to be issued and outstanding on a non-diluted basis as of the date hereof."
Source: ARETI Early Warning Report September 29 2021
By consolidating a position as close as possible to 20%, but not in excess, he is right under the takeover bid rules. The takeover bid rules state that formal takeover bid circulars must be filed for any additional purchases in excess of the 20% threshold.
On a side-note: there has been large block consolidations over the past month and I have my doubts those blocks were coincidental. The purpose of the control blocks are entirely speculation at this time, but with timing of the note conversion, I think we will find out soon enough.