Beneficial shareholders are broken up into two cat
Post# of 15624
(Total Views: 313)
Posted On: 04/11/2017 10:18:33 AM
Beneficial shareholders are broken up into two categories, Objecting Beneficial Owners (OBOs) and Non-Objecting Beneficial Owners (NOBOs). Per SEC Rules 14b-1 and 14b-2, a NOBO list shows the beneficial owners that do not object to the issuer knowing their name, mailing address and share amount. E-mail addresses and telephone numbers are not included on the list.
It can show who are real shareholders and how much real shares exist, if the numbers don't add up, example hundreds millions of naked short shares in float, the SEC would force them to cover it. Bsically, it shows an accounting of all real shareholders and how much we all own, to compare to the actual number of real shares.
It can show who are real shareholders and how much real shares exist, if the numbers don't add up, example hundreds millions of naked short shares in float, the SEC would force them to cover it. Bsically, it shows an accounting of all real shareholders and how much we all own, to compare to the actual number of real shares.
(1)
(0)