No. He does have to file, but this is one of the p
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Posted On: 01/03/2019 6:32:23 PM
No. He does have to file, but this is one of the perks that alternative filing - non(SEC)-reporting / OTC Markets filing - issuers get versus SEC-reporting companies.
They can file this through non-electronic means (not EDGAR), avoiding the immediate public awareness. Just FYI - there are good reasons for this. This sort of thing is needed because there are very few ways that small startup public companies can get funding and... being a public company, selling company stock for financing the business is the primary reason for being public in the first place.
And THIS is one of the reasons that I always look into the CEO before investing in a Pink stock, AND whether their financial success is aligned with that of common shareholders - if you're not just "playing" a stock, you really need to be able to trust the CEO to look out for the common shareholders. Best if they have their own money on the line, as well.
Also FYI... this shows the most recent Form 144 filing for this quarter's "CEO share sales" - I think Dec 18 was the first day that it became "visible" on Vickers' site, as I was checking before and after the ONCI annual report was filed:
Just remember this - and copy/paste the URL that you can see in the image. This is a good thing to watch for, every quarter. The main thing is just to know what's going on. We know that SB has been using this to the advantage of the company as a method for funding. Best to have a good understanding of what's behind the price-trade action on these days... so you can be prepared to take advantage of "sale prices" and ALSO to avoid the anxiety that comes with misunderstanding price dips and ABSOLUTELY to help you in avoiding gut-dumping to preserve your capital or for whatever reason you might feel compelled to sell when the price-trade activity confounds you.
They can file this through non-electronic means (not EDGAR), avoiding the immediate public awareness. Just FYI - there are good reasons for this. This sort of thing is needed because there are very few ways that small startup public companies can get funding and... being a public company, selling company stock for financing the business is the primary reason for being public in the first place.
And THIS is one of the reasons that I always look into the CEO before investing in a Pink stock, AND whether their financial success is aligned with that of common shareholders - if you're not just "playing" a stock, you really need to be able to trust the CEO to look out for the common shareholders. Best if they have their own money on the line, as well.
Also FYI... this shows the most recent Form 144 filing for this quarter's "CEO share sales" - I think Dec 18 was the first day that it became "visible" on Vickers' site, as I was checking before and after the ONCI annual report was filed:
Just remember this - and copy/paste the URL that you can see in the image. This is a good thing to watch for, every quarter. The main thing is just to know what's going on. We know that SB has been using this to the advantage of the company as a method for funding. Best to have a good understanding of what's behind the price-trade action on these days... so you can be prepared to take advantage of "sale prices" and ALSO to avoid the anxiety that comes with misunderstanding price dips and ABSOLUTELY to help you in avoiding gut-dumping to preserve your capital or for whatever reason you might feel compelled to sell when the price-trade activity confounds you.
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