Tuesday, March 12, 2013 1:24:12 PM
Wallace CAVES; SEC Rule 144 PREVAILS!
Wallace will get NONE of Spencer's stock.
FINALLY Wallace, Gerber, Reigle, and Vaughn understand to the degree sufficient for Wallace to CAVE the differences between:
1. Freely traded and Restricted stock
2. Legended and Unlegended stock
3. Beneficial owner and non-beneficial owner stock and why that matters...
4. What constitutes a "beneficial owner" and why that matters...
5. The process for "lifting the legend."
6. The difference between an accredited investor and non-accredited investor and why that matters...
FINALLY, Gerber, Reigle, and Vaughn do understand that Federal laws TRUMP state laws, even DE...
Even Wallace now understands that FEDERAL laws TRUMP state laws?
I SAID SO, Months ago.
I was right then, and since Wallace has CAVED due to the obvious reality that Federal laws TRUMP state laws, Wallace has once again FAILED!
Sometimes words are not enough...
mo-
Mech
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