![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, May 14, 2014 10:46:59 AM
That is 25% of the company and whoever owns these shares is therefore an INSIDER. No way whoever owns the shares can sell them this quarter.
Now they might be able to sell 1% per quarter - that is the SEC rule that I researched is applicable to insiders, so 250,000 shares could be sold IF they entire 25M is not restricted, which I find very hard to believe.
Even in that scenario, it mean the float is about 350,900
Also, just a side comment. Poor choice on who they are using to sell stock. Did some DD and not the choice I would have made!
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM