Posted On: 01/06/2014 12:18:19 PM
Post# of 3844
Re: CashStrapped #1930
Here's the oginal control block.
http://secfilings.nasdaq.com/filingFrameset.a...1&pdf=
Keep in mind that this is a control block that is primarily used in connection with other issuances for Nielson to "retain control" of his company moving forward. This still the bulk of what he owns as common (about 76Mish) of which he only has 2.5M of free trading shares. Everything else is restricted. If any insider sells/buys any stock that changes their holdings they absolutely must file a Form 4. Form 3s are required by the SEC for an initial declaration of holdings by all insiders (that's why many Form 3s show zero shares owned).
http://secfilings.nasdaq.com/filingFrameset.a...1&pdf=
| Common stock issued to founders | | | | | | | | | | | | | |
| for cash and services at $0.0001 | 62,500,000 | | | 62,500 | | | (57,500) | | | - | | | 5,000 |
| | |
Keep in mind that this is a control block that is primarily used in connection with other issuances for Nielson to "retain control" of his company moving forward. This still the bulk of what he owns as common (about 76Mish) of which he only has 2.5M of free trading shares. Everything else is restricted. If any insider sells/buys any stock that changes their holdings they absolutely must file a Form 4. Form 3s are required by the SEC for an initial declaration of holdings by all insiders (that's why many Form 3s show zero shares owned).
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