FBEC Worldwide Inc (FBEC)

[Jon Bovi]

FBEC that only applies if the issuer is non reporting.

FBEC is a reporting issuer therefore falls under the 2nd portion of that rule

If the issuer of the securities is subject to the Exchange Act reporting requirements and you have held the securities for at least six months but less than one year, you may sell the securities as long as you satisfy the current public information condition.

http://www.sec.gov/investor/pubs/rule144.htm

I believe this portion supersedes the portion of the rule you believe Mr Sands securities fall under.