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Posted On: 02/05/2024 3:46:07 PM
Post# of 85913
No it is not a significant event. Those are HIS shares, not Univec treasury shares. If he would have diluted Univec by 100 M shares, yes that is material. That is why he disclosed his 'forgiving' some of his deferred salary (Dalton has NEVER taken a dime in his salary) for treasury 180+M shares a couple years ago. Dalton can do anything with HIS shares but he has to disclose when he buys or sells or gifts those shares. As I said a minute ago, maybe it is only disclosed in the quarterly reports, page 7 and 8 list officers/directors but I don't think that is the disclosure required. If those listed on page 7 & 8 receive those shares, they will have to disclose it. IMO, the same for "family".
Yes, those shares went someplace, but no SEC form 144 was filed so they did NOT go into the open market, it was a private transaction. If insiders were given those shares, IMO they absolutely have to file. We will see on the 14th.
Yes, those shares went someplace, but no SEC form 144 was filed so they did NOT go into the open market, it was a private transaction. If insiders were given those shares, IMO they absolutely have to file. We will see on the 14th.
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