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andrius

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andrius

Re: BMikeInvestor post# 28993

Tuesday, 01/02/2018 10:46:48 PM

Tuesday, January 02, 2018 10:46:48 PM

Post# of 50157
There is no holding period restrictions right? So note holder gets 9.9% of the OS in shares. He sells them and has 0 shares. He can then request custodian to release another 9.9% of OS in shares. Sell them and request another 9.9% of OS. etc They set it up this way so they don't hit 10% controlling interest to trigger rule 144 restrictions.

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