Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | REI | Common Stock, par value $0.001 | 13.8M | Nov 10, 2022 | Direct | F1 |
William R. Kruse is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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F1 | Based upon the information provided by the Issuer as a result of the conversion of preferred shares of the Company to common shares as described in the Form 8-K filed by the Issuer, the Issuer now has 174,411,333 common shares issued and outstanding (confirmed on the Issuer's 10-Q filed on November 10, 2022) and the number of shares reported is that owned by reporting persons immediately after the conversion. Thus, the reporting persons no longer are the owners of 10% or more of the outstanding common shares of the Issuer, and are no longer subject to reporting requirements under Section 16. |
The date of the earliest transaction on this Form 4 is the date that reporting person first had access to the public filings of Issuer indicating that the total outstanding shares were 174,411,333 following the conversion noted in footnote 1 and thus reporting persons were no longer owners of 10% or more of the shares of the Issuer. Reporting person is not, and has not been, an officer or director of Issuer. This amendment is filed as the original filing to which this relates inadvertently listed William T. Kruse as the Additional Reporting Owner. The correct Additional Reporting Person is Deborah L. Kruse. William T. Kruse has no interest in these shares and was listed by mistake.