Saean Group Inc. (SEAN)

[surfkast]

Possibly 506 shares becoming free trading after the one year holding period? Please note the share prices of today's "buys."

Using Rule 144, they can sell using the following guidelines. Reminder, the 506 filings did not list how many shares were given in exchange for equity or debt. We should be sure to watch the Nevada SOS for any new filings. Also they can issue up to 100 million shares right now. Since the TA is gagged and the SS has not been updated since 2013 anything is possible in my humble opinion.

A. Resale Strategies
Rule 144 allows sales of restricted securities by any affiliate of an issuer, any person selling for his/her own account the securities purchased from an issuer, or any person selling for the account of an affiliate of an issuer. Sales by such persons are not deemed a "distribution" of securities and the sellers are not categorized as Section 2(11) underwriters if all of the terms and conditions of the rule are met;
mandates a minimum of a six month holding period before the restricted securities of a reporting issuer may be "dribbled out" by affiliates. After six months, Rule 144 allows non-affiliates to freely resell securities acquired from a reporting issuer; non-affiliates may freely resell any restricted securities held for one year. The manner in which the holding period is calculated and the "tacking" of holding periods in certain cases for holders who acquired certain types of securities is outlined in the rule;
limits the amount of securities sold to the greater of one percent of the class outstanding or, if traded on an exchange, the average weekly volume on all such exchanges during the four weeks preceding a sale transaction; and
mandates that adequate information regarding the issuer of the securities being sold is publicly available.

http://www.fwlaw.com/news/123-private-placements-january-selected-exemption-disclosure-issues


Link for form D filings.

http://www.sec.gov/cgi-bin/browse-edgar?company=+General+Payment+Systems%2C+Inc+&owner=exclude&action=getcompany

Today's trades.

http://ih.advfn.com/p.php?pid=trades&symbol=NO%5EGPSI