Athabasca Oil Corp T.ATH

Ninepoint's 9.9% ownership

[filefish]

In consideration of the 10% Rule, as ATH progresses with its buyback program, wont Ninepoint have to continually sell off its ATH holdings to keep them under 10%. Can these shares be sold directly back to to the Company?

[uwebb429]

>In consideration of the 10% Rule Looks like Eric had to trim Ninepoint's ATH holdings at the end of August. That is a sign that ATH has been outperforming everything else in the Ninepoint Energy Fund. https://stockhouse.com/companies/ownership?symbol=t.ath

[Maxmoe]

The 10% rule applies on the day of the purchase. There are 2 10% rules and both use the same premise. He can't own more than 10% of ATH shares outstanding......at the time of the purchase AND his fund can't have more than 10% of its portfolio in any one company, like ATH. IF ninepoint owns more than 10% due to passive backdoor math of buybacks, he is grandfathered and is not forced to sell