Alan Clore took steps to sell his...
Alan Clore took steps to sell his 26.2% controlling stake in Oakland-based KaiserTech to pay his debts. In a filing with the Securities and Exchange Commission, KaiserTech said 14.8 million shares may be sold by banks and institutions that lent money to Clore. U.S. securities laws require that stock must be registered with the SEC before it can be traded publicly. After last month’s stock market crash, a group of firms controlled by Clore disclosed that he was in default on loans secured by most of his voting stake in KaiserTech.
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