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Re: MIKEY501 post# 177973

Thursday, 07/31/2014 9:27:39 AM

Thursday, July 31, 2014 9:27:39 AM

Post# of 372629

There is a whole bunch of other tricks insiders can use to sell their shares without anyone noticing till much later. One of my favorites is what us professionals investors call "THE GIFT". Its a huge loophole in the SEC rules whereby the holders will "GIFT" (cough cough) the shares to someone and as long as those shares were already held for one year they can get the restricted legend removed and into the float they go. Lots of crooked CEOs pull this trick using their wifes or kids




If they would, Rule 144 would apply to those gifted also, including the 1% of the total issued and outstanding shares during any three (3) month period) for OTC Bulletin Board and Pink Sheet stocks.