InvestorsHub Logo
Followers 214
Posts 22563
Boards Moderated 2
Alias Born 05/19/2010

Re: Midwestrader post# 100250

Monday, 07/27/2015 1:49:59 PM

Monday, July 27, 2015 1:49:59 PM

Post# of 115805
Oh dear. lol. Jorge did not put out a "trading restriction." Non filers can only issue dividends under rule 144. Jorge did not design the rule 144 for finra I assure you. Rule 144 has a MANDATORY 12 month restriction. There is no other option for a non filer to issue dividends. Let's hate Jorge for things he does wrong (if any). He does not write law for FINRA.

PS, the name change has zero relevance on the dividend. The only requirement from finra is that dividend shares be accounted for in a company's o/s count count. That's the ONLY requirement. I believe 99.92% that the SUTI o/s count already accounts for the PRPM dividend shares.

Thanks JORGE for putting that trading restriction on the dividend AND for deciding to do a name change right when the dividend is to be paid.