Friday, December 11, 2015 10:53:15 PM
I don't have time to fully explain it to you but (first of all its 1% not 10% according to rule 144)
http://media.mofo.com/files/Uploads/Images/FAQRule144_145.pdf
http://www.sec.gov/investor/pubs/rule144.htm
and by my calculations he can sell up to 1M shares of common stock over any 3 month rolling period preceding the date of the sale. He is an "affiliate" and his shares are not "restricted" they are "controlled"
And isn't it quite ironic that the share price peaks on 9 Dec. and continued to then fall over the course of the week? Then you have the 8K come out explaining the warrants are excercised between 30 Nov -9 Dec ?
Are you telling me that isn't a coincidence ?
Come on now... If these stocks weren't sold to the market maker, it sure seems quite suspicious to me.
http://media.mofo.com/files/Uploads/Images/FAQRule144_145.pdf
http://www.sec.gov/investor/pubs/rule144.htm
and by my calculations he can sell up to 1M shares of common stock over any 3 month rolling period preceding the date of the sale. He is an "affiliate" and his shares are not "restricted" they are "controlled"
And isn't it quite ironic that the share price peaks on 9 Dec. and continued to then fall over the course of the week? Then you have the 8K come out explaining the warrants are excercised between 30 Nov -9 Dec ?
Are you telling me that isn't a coincidence ?
Come on now... If these stocks weren't sold to the market maker, it sure seems quite suspicious to me.
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