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Message: WHY !
You are correct. Insiders and executives hold a large percentage of the outstanding shares. This table is from the annual report.
TEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND RELATED STOCKHOLDER MATTERS.
The following table sets forth certain information regarding the beneficial ownership of our common stock as of January 10, 2012 (except as otherwise indicated) by (i) each person known by us to be the beneficial owner of more than five percent (5%) of our common stock, (ii) each director and nominee to be a director, (iii) each named executive officer and (iv) all of our directors and executive officers as a group. Except as otherwise indicated below, each of the persons named in the table has sole voting and investment power with respect to the shares set forth opposite such person’s name. Unless otherwise indicated the address of each person listed in this table is c/o CardioGenics Holdings Inc., 6295 Northam Drive, Unit 8, Mississauga, Ontario, Canada, L4V 1W8.
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Name & Address of Beneficial
Owner
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Number of Shares
Beneficially Owned
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Percentage of Class**
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||||||
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Yahia Gawad
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18,144,652 | 27.70 | % | |||||
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Alexander D.G. Reid
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523,196 | * | ||||||
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J. Neil Tabatznik
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2,482,534(1) | 3.79 | % | |||||
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Linda J. Sterling
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1,501,617 | 2.29 | % | |||||
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James Essex
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398,183 | * | ||||||
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All executive officers and directors as a group (5 persons)
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23,050,182 | 33.78 | % |
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*
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Less than one percent (1%)
|
|
**
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Based on 65,461,135 shares of common stock issued and outstanding and all options and warrants to acquire common stock having been exercised
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