OS always includes both the restricted and non-restricted...TA has only one OS, has to report it as one.
This (below) wouldn't likely be legal as they are a fully reporting company and cannot use Rule 504 Regulation D to issue shares that are exempt from registration. They would, most likely, have to use Rule 506 and/or Rule 144, which both come with a 6 month restrictive period for said unregistered shares (Rule 504, for non-reporting companies does not have a restrictive period and is limited to $1,000,000 (in securities) per year. Neither of these 3 exemptions, provided by their respective rules, allow securities to be sold/bought with a "view to distribute")...
They also need to file a FORM 8K when they issue (sell) unregistered securities. They have 4 business days to report (file the 8K). The only sale of unregistered securities that they report for the last Q is this funky transaction, which, again, doesn't make sense for anyone to do...
He did file his FORM 4 for this transaction which revealed that these are the only shares that he has. Hmmm...
Looking for 8Ks disclosing this information (Section 3 - Securities and Trading Markets, Item 3.02 - Unregistered Sales of Equity Securities)...4 business days to file...
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