Re: a purchase
in response to
by
posted on
Oct 13, 2022 06:15PM
Combining Classic Mineral Exploration with State of the Art Technology
You can check a company's filings on the SEC Web site https://www.sec.gov/edgar.shtml Just type LBSR in the search box at the upper right of the first page.
As to what JB may own, we can assume that he does not own more than five percent of the company and may not have at any time - certainly not in recent years.
"Schedule 13G: Just like Schedule 13D, this form lets the public know about anyone who owns more than 5% of a company's total stock."
https://www.investopedia.com/articles/stocks/05/042605.asp
From the same Web page, you may also find the following of particular interest:
"But you can have too much insider ownership. When insiders gain corporate control, management may not feel responsible to shareholders and instead, to themselves. This frequently occurs at companies with multiple classes of stock, which means one class carries more voting power than another."
But, then, shareholders in this company can't vote anyway. The second class of stock was created to prevent anyone from buying a controlling interest without the approval of the entrenched powers.
In related matters, trading was interesting today, with 15 trades averaging 302 shares each. With such a low entry cost, it would be easy for someone to play at manipulating the stock, which may account for the range today being around 10 percent and the last trade looking like a "paint job."
VP