Wednesday, August 24, 2016 3:32:08 PM
POST #10168 Janice Shell
The Evergreen rule does apply's to TRON.
And there you have it. Unless TRON becomes an SEC registrant once again, and then waits a year after its registration statement becomes effective, Rule 144 will not be available to holders of restricted stock wishing to sell it.
NO ONE is interested in buying restricted stock in a private placement that he'll never be able to sell.
----------
Well, why not? I'm sure you can't account for everyone. If this is the case, why make plans to Merge and complete an APO? Why enter into an agreement with a corporation such as Acuant? Or finalize a test program with Change Healthcare?
Investor's may be hesitant in buying restricted stock, but they will EVENTUALLY BE ABLE TO SELL. Not never, that's incorrect.
The Evergreen Rule applies to TRON yes, but as I stated it's part of the DISADVANTAGE that comes with completing a Merger/APO with a shell company. Investor's will have to decide if they want to invest knowing that.
PickleJar Debuts Nationwide Contest With Brian Kelley for Fans to Win a Three-Day Bahama Cruise • NREG • Jun 3, 2024 8:45 AM
ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • ILUS • May 31, 2024 12:52 PM
Element79 Gold To Provide Summary and Update on Active Exploration Program, Community Relations at RMEC on June 4 • ELEM • May 30, 2024 1:18 PM
Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • BLEG • May 30, 2024 8:30 AM
ECGI Holdings, Inc. Announces $2 Million Debt-to-Equity Conversion • ECGI • May 30, 2024 8:30 AM
North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • NBRI • May 29, 2024 9:03 AM