DD Support Board and Research Team

[1manband]

Rule 144 is not the only way to sell restricted stock. Especially if you are a toxic funder with many lawyers.

Lack of current information is supposed to stop the utilization of Rule 144 (but in practice, it often does not thanks to unscrupulous lawyers and transfer agents who ignore the law). But there is always Section 4(1) opinions, which are actually easier to get if the Company is delinquent. No shortage of lawyers advertising they will write such an opinion for cash, and plenty of the toxic death spiral funders are utilizing that option to dump stock. It has become significantly more common in the last 3 years.