Two Schedule 13Ds were recently filed with the SEC, stating the significant ownership of ERF Wireless of two individuals residing in South Dakota, Dennis Batteen and Brad Baloun. Both individuals are close to the action with ERF Wireless focused on expanding nearby.
Mr. Batteen is a self-employed business investor who owns, directly and indirectly, 143,253 shares of ERF Wireless’ common stock as of last report. This comprises 6.6% of all the common stock currently issued and outstanding. In just February and March alone, Mr. Batteen has acquired 28,365 shares, which are collectively worth approximately $58,000 at the current share price.
Mr. Baloun is the president of Baloun Enterprises, a business services company. According to the SEC filing, 136,942 of the 146,941 shares (8.8% of issued and outstanding) owned are held for investment purposes. The remaining 10,000 shares were acquired as partial consideration for a loan granted by Mr. Baloun and two other individuals via Dakota Capital Fund, LLC, of which Mr. Baloun owns 1/3 of the membership interests.
Next month, management will be discussing recent accomplishments as well as provide outlook for the current year. To learn more, view our recent blog at http://blog.qualitystocks.net/?p=761544
For more information on ERF Wireless, visit www.erfwireless.com
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