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StockMedic1

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StockMedic1

Re: Penny Stocks 2.0 post# 2443

Monday, 10/12/2015 11:34:45 AM

Monday, October 12, 2015 11:34:45 AM

Post# of 32393
Its better than that for us. According to the rules, the insiders have to wait 6 months before they can sell AFTER they convert. And then, they can only sell 1% of the actual outstanding shares of the company every 3 months. So if ANY of the insiders convert, they have to wait 6 months to sell. Then they have to file a Form 144 before they sell, and they can only sell 1% of then then outstanding shares and thats over a 3 months period. No worries here!
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