He is saying that the shares owned by the MS will not be sold into the market until the pps hits .03. I don't agree that they will sell that soon but they are also limited to the amount that can be sold per quarter. 1% of o/s.
3,000,000,000 * .01% = 30,000,000 per quarter.
From the last 10Q...
Therefore, Global Energy Group LLC (GEG) is subject to the limitations of SEC Rule 144 on sales of any of its stock. The restrictions on the sales of restricted stock per Rule 144 include holding the stock for a minimum of six months after issuance, and Global Energy Group LLC would therefore be limited to selling an amount equal to 1% of the Company’s outstanding shares every 90 days. When and Global Energy Group LLC did decide to sell any of its stock, the SEC requires them to file a Form 144, (Notice of Proposed Sale of Securities), notifying the SEC of its intent to sell any of its stock in accordance with the Rule 144 guidelines and limitations. To best of our knowledge those 1,568,630,000 restricted common shares are not free trading and are therefore not presently in the open market.
What we have here...is a failure to communicate!
