InvestorsHub Logo
Followers 9
Posts 718
Boards Moderated 0
Alias Born 09/17/2014

Re: lasernat post# 26197

Tuesday, 12/15/2015 10:36:57 AM

Tuesday, December 15, 2015 10:36:57 AM

Post# of 43600
FBEC. SAND CAN SELL as a non affiliate.

The SEC revised Rule 144 effective February 15, 2008. The revisions have significantly reduced the limitations on resale of restricted securities of reporting companies.

Rule 144 now allows non-affiliates of a reporting company to resell restricted securities after a six-month holding period and without any volume limitations or manner-of-sale limitations.