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Bullboard - Stock Discussion Forum Renaissance Oil Corp. RNSFF

Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.

GREY:RNSFF - Post Discussion

View:
Post by allnrg on Oct 24, 2018 6:45pm

Sedar

Anyone else notice the post from Hydrocarbss in regards to the AGM? This is what caught my eye...Voting on Beneficial Ownership Determination. So of course did a google search on this...lol What is a beneficial owner of a company?...A beneficial owner is an individual who ultimately owns or controls more than 25% of a company's shares or voting rights, or who otherwise exercise control over the company or its management... now maybe someone can correct me if I am wrong but been thinking about it a lot since I read that post
Comment by hydrocarbss on Oct 25, 2018 9:45pm
Several thoughts...This term, beneficial ownership, was concocted by the wonderfully inventive folks who labor away in the US IRS. They determined that too many people were, are harboring financial gain in offshore accounts. In order to identify these skofflaws, the IRS did what they always do, install additional regulations. Thus the Beneficial Ownership rule inside the FATCA, Foreign Account Tax ...more  
Comment by allnrg on Oct 26, 2018 7:33am
ok thanks Hydrocarbbs, I did notice some tax definitions come up in my search as well & probably all that it is. Either way nice to see an uptick in volume & S/P over the past few days
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