Anybody know about Rule 144? You will soon hear more about it as it will come into play August 2018....lol
"Rule 144 will not be available until August 2018 and this may affect trading in our stock before and after this date.
As a result of the Merger, AEPP ceased being a “shell” company under the SEC’s rules and Rule 144 will be available commencing in August 2018. The unavailability of Rule 144 until August 2018 may impact the trading market for the Company Common Stock prior to and after August 2018.
A significant portion of our total outstanding shares are restricted from immediate resale but may be sold into the market in the near future, which could cause the market price of our Common Stock to drop significantly, even if our business is doing well.
Sales of a substantial number of shares of our Common Stock in the public market could occur at any time, either from holders of shares that are in the public float or as a result of registering the issuance of shares to be issued upon conversion of the Convertible Notes and exercise of the Warrants. These sales, or the perception in the market that the holders of a large number of shares intend to sell shares, could reduce the market price of our Common Stock. As of this date, there are approximately 103,878,536 shares of Common Stock outstanding. Of such number, approximately 31,765,903 shares may be sold in the public market immediately without restriction and the balance are currently restricted as a result of securities laws or lock-up agreements until at least August 2018. Additionally, there are 63,038,284 shares of Series A Preferred Stock that are currently convertible into 66,872,296 shares of Common Stock eligible to be resold pursuant to Rule 144 commencing in August 2018. In addition, upon the exercise of warrants to acquire Series A Preferred Stock or the exercise of other warrants and options to acquire Common Stock, 65,773,896 shares of Common Stock could be issued and become eligible to be resold pursuant to Rule 144 commencing in August 2018.
Source 424B3 Filed 2/9/2018
Death smiles on us all. All a man can do is smile back.
