To go above 20% holding in a company you need to follow takeover rules which I think would involve putting in an offer for the company to all shareholders.
Thats why the underwriting isn't in full, it could put Pinnacle over 20%. I don't think they could convert their note either if it put them over 20%.
To go above 20% holding in a company you need to follow takeover...
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Mkt cap ! $14.25M | |||
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| No. | Vol. | Price($) |
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