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Monday, February 04, 2013 8:32:21 AM
Rule 144 ALWAYS applies.
Wallace is getting an VERY expensive and PUBLIC education here.
One may find some personal DD insightful.
I did.
Ask an SEC attorney that understands Rule 144, instead of avoiding its mention or reference in any manner whatsoever as Wallace's cheap attorney did...
I am NOT guessing.
Even GOSY's attorney agrees:
http://geckosystems.com/W_W_W/Notice_of_Appeal-stocksale.pdf
http://geckosystems.com/W_W_W/Brief_for_appeal_of_stock_sale.pdf
Too bad Wallace still does not understand, nor want to understand, the difference between:
1. Legended and Unlegended stock
2. Freely traded and Restricted stock
3. Beneficial owner and non-beneficial owner stock and why that matters...
4. Federal laws TRUMP state laws, even DE...
5. The process for "lifting the legend."
6. The difference between an accredited investor and non-accredited investor and why that matters...
Now Wallace will hee haw that Fed laws can be trumped by state laws.
Sometimes words are not enough...
![](http://investorshub.advfn.com/uimage/uploads/2012/8/1/gfsxxHA!_HA!_HA!.gif )
mo-
Mech
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