OTCPK:NNVUF - Post by User
Comment by
DanielDarden123on May 27, 2020 1:09pm
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Post# 31078764
RE:Insider purchases
RE:Insider purchases In addition, Northview has waived existing standstill arrangements which bind Starlight and KingSett, effective immediately, so that Starlight, KingSett and their affiliates will be permitted to purchase Units of the REIT in the market prior to closing of the Transaction, provided that the number of Units, together with the existing Units owned by Starlight, does not exceed 19.9% of the outstanding Units of the REIT. Currently, Starlight and its affiliates beneficially own approximately 9,042,000 Units, representing approximately 13% of the outstanding Units. (From press release)
My Take: Kingsett and/or their affiliates are not considered to be insiders, so they could be buying without anybody else knowing. They, of course, would need ~$150M of cash available.