It is next to impossible to find out much about this US company.
Back in October 2009 they owed 2.06% of SSN
Now in October 2010 they own 58%+ of SSN.WHY???
From what I understand the company was set up to keep the names or companies of individual holders hidden from the general public.It would appear there is no legal way to get access to their clients,the shareholders,in this case,of SSN.
This is not some toy company.They own over 5% of Westpac bank and it appears is run by some of the riches men in the US.
So why would its clients want to invest in some small oil exploration company listed on the Aussie ASX?
I would find it hard to believe that within a year,100's of clients walked into Nationals Nominees office and said we which to buy SSN shares.
However one client might of,Chesapeake.
So to the share price.Does National Nominees realy care where the share price is if their clients own over 50% of the company.T/O??
Ok thats a start.Now for you experts,Acerage,Ya,Wilson, Sushi1 etc.Any thoughts???
I was bored
SSN Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held