NanoLogix Inc (NNLX)

[capitalismforever]

So, if the CEO has received some number of shares, a huge number according to your statement, but has not unrestricted them or sold them, then how can he have profited?

I cannot fathom such an ignorant suggestion to assume a stock certificate is valueless until cashed in. Nothing could be further from the truth. It seems basic common sense totally escapes you. That's sad to me.

Incidentally, I'm sure you know all this, but the policy of transfer agents for share issuance is that active officers and directors of companies, reporting or not, cannot have the restricted status lifted to enable trading of their shares unless the relevant company has financials that are at least current within the past two quarters. That policy would indicate that none of the current directors or officers have been able to unrestrict any shares since 2014. Interesting FACT.

Shares are restricted for one year. I don't know what gives you the impression that restricted shares last longer than that. They don't.