
A 235,000-share purchase stayed under the board’s ceiling but triggered a notice the record cannot prove
A synthetic board resolution treated as the rule set — provenance counterparty-authored — with a hashed trade blotter. Cumulative acquisitions of 235,000 shares sit inside the 250,000 ceiling and past the 200,000 notification threshold, so clause (c) is engaged while the pre-clearance and window records were never supplied. Both channels agreed, the gate escalated anyway on clause divergence, and the notice was dispatched with delivery receipted separately from sending.
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