GREY:NEPTF - Post by User
Comment by
hollyberrieson May 20, 2014 11:53am
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Post# 22578029
RE:RE:RE:RE:RE:RE:RE:Good news I think...
RE:RE:RE:RE:RE:RE:RE:Good news I think...Agreed Tech that the declared Haywood bloc, described as "over 15%", which actually qualifies as requiring reporting under the sliding scale of "control" used by the Securities Commission. I would assume that Haywood has talked with Northern Rivers (6% holding) and would assume that they agree with the approach, putting them over the absolute technical definition of "control" of 20%. Practically though, Haywood alone holds more than the rest of the Board and I expect they are deferring to his wishes as a proxy war is seldom constructive. All of this is very positive and btw I too have held through Northern Rivers and individually for going on a decade and recognise the startup pattern.