It may be in VERB'S Q2 report on Aug. 14th. For q
Post# of 32982
(Total Views: 730)
Posted On: 07/28/2019 10:17:20 AM
Re: Whistler12 #16184
It may be in VERB'S Q2 report on Aug. 14th. For qualified institutional investors, it could be quite some time before they report their ownership on a form 13G.
https://www.investmentfundlawblog.com/resourc...d-company/
"The following investors are eligible to file short-form Schedule 13G in lieu of Schedule 13D:
“Qualified Institutional Investors.” Registered investment advisers, registered broker-dealers, registered investment companies, banks, insurance companies, employee benefit plans, pension plans, savings associations and church plans are deemed “qualified institutional investors” and are eligible to file Schedule 13G in relation to securities they acquire in the ordinary course of business. Qualified institutional investors must file Schedule 13G within 45 days after the end of the year in which they cross the 5% ownership threshold. Amendments are also generally due within 45 days after the end of each calendar year. A qualified institutional investor must file an amendment within 10 days of the end of the month in which its beneficial ownership of a class of registered equity securities exceeds 10% and within 10 days of the end of any month in which its beneficial ownership increases or decreases by 5% or more. If a qualified institutional investor ceases to hold the securities as a passive investment, it must file a Schedule 13D within 10 days of its change in investment purpose."
Just because there is only 1 institutional investor reported as of today, doesn't mean that there was only 1 that invested in VERB during the offering.
https://www.investmentfundlawblog.com/resourc...d-company/
"The following investors are eligible to file short-form Schedule 13G in lieu of Schedule 13D:
“Qualified Institutional Investors.” Registered investment advisers, registered broker-dealers, registered investment companies, banks, insurance companies, employee benefit plans, pension plans, savings associations and church plans are deemed “qualified institutional investors” and are eligible to file Schedule 13G in relation to securities they acquire in the ordinary course of business. Qualified institutional investors must file Schedule 13G within 45 days after the end of the year in which they cross the 5% ownership threshold. Amendments are also generally due within 45 days after the end of each calendar year. A qualified institutional investor must file an amendment within 10 days of the end of the month in which its beneficial ownership of a class of registered equity securities exceeds 10% and within 10 days of the end of any month in which its beneficial ownership increases or decreases by 5% or more. If a qualified institutional investor ceases to hold the securities as a passive investment, it must file a Schedule 13D within 10 days of its change in investment purpose."
Just because there is only 1 institutional investor reported as of today, doesn't mean that there was only 1 that invested in VERB during the offering.
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