OTCQX:MRVFF - Post by User
Post by
Montrose2on Jul 16, 2007 10:54am
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Post# 13094341
Over 10% ownership
Over 10% ownershipWas quoted here that "insiders" have to declare within 10 days of crossing that 10% level.
Were that to have occurred with the completion of the placement on July 12, 2007, does that mean we might expect an announcement by July 22, 2007. Being unfamiliar with that process also do not know if it is 10 calendar days or 10 business days.
If we continue trading at a large percentage of the float each day without any form of price increment, any person seeking control can do so on the open market.
The next AGM might not be so interesting if one individual or corporation already holds 51%.
This is not a bash or a pump. Just something to ponder.
Onward and Upward (I hope)