Thursday, March 26, 2015 9:48:34 PM
So what does it matter? Simple. Voluntary filers cannot use Rule 144 to free up stock until it is paid for at least 12 months. Just like a non-reporting company (because under Rule 144, AFPW is "non-reporting.")
But, if you read their Qs and Ks carefully, you will see that they have been converting notes into free trading in under a year--IN VIOLATION OF RULE 144.
Sales of unregistered securities. This company and Mr. Fong have HUGE liability, in the millions of dollars. Anyone who buys on the market has the right to get their money back.
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