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Re: hedge_fun post# 7160

Friday, 05/01/2015 3:46:35 PM

Friday, May 01, 2015 3:46:35 PM

Post# of 81742
Note is not only in default! But Alonzo purposely broke the 144 eligibility!

What happens if a purported Rule 144 transaction does not, or cannot, strictly comply with Rule 144? A selling security holder that does not comply with Rule 144 and does not have an alternative available exemption from registration requirements may be deemed an underwriter that has sold without registration. Non-compliance could result in rescission of the transaction, civil liability, or even criminal liability.