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Re: janice shell post# 6928

Friday, 05/29/2015 1:41:32 AM

Friday, May 29, 2015 1:41:32 AM

Post# of 20223
I'm glad you realized that its mostly held by "insiders" and/or affiliates, which means that EVEN IF we did not agree to a lock up, we could not sell without filing form 4 for disclosure, and as you also point out, IF an officer/director attempts to sell, then besides the filling form 4 disclosures, we are only allowed to sell up to 1% of the daily volume every 90 days. (that's 90 days between sales). We have a great company here, its real and when you compare the NASDAQ requirements, then we are almost there with these acquisitions. BTW. The "lock up" agreements are done all the time, and all that means is that we collected the actual certificates and have everyone signed that we will not release the certificates for 3 years. Also, we locked them up in a corporate safe, so that Broker Dealers and MM won't be able to trade or short against them. There is no State filings or TA filings for the lock up agreements, its a contract between "insiders". And yes, these are 144 restricted certificates. And we all did this voluntarily because we believe in the company, the business plan and what we can make when we can sell them in 3 years.
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