Labor Smart Inc (LTNC)

[trader guy]

He can sell anytime he wants. He just can't sell much during any 3 month period, whether he's held them for 6 months or not. For all practical purposes, I guess you could say he's locked up.

Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.

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