The one thing paper hangers should not be doing is selling stock while it is delinquent, cannot use Rule 144 as a safe harbor on delinquent shell companies or without current information.
Sooooo, whomever is dumping formerly restricted stock that was not registered is violating the law.
Keep in mind, even if they got the restriction off before the delinquency, and deposited in their account, it is still subject to the conditions of the safe harbor used.
Scam paper hangers don't care, however, they just need to pay that $3100 a month apartment in Houston, and buy food for their family.
