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Re: frontloading post# 9933

Thursday, 03/22/2018 11:07:17 AM

Thursday, March 22, 2018 11:07:17 AM

Post# of 53182
Can someone confirm, I was reading about reverse mergers and if I was reading correctly, there’s a one year restriction on shares that were used but wanted to confirm. Does this mean there’s a years restriction on BIZRIght shares?

“Rule 144 now affects any company who was ever in its history a shell company by subjecting them to additional restrictions when investors sell unregistered stock under Rule 144. The new language in Rule 144(i) has been dubbed the “evergreen requirement.” Under the so-called “evergreen requirement,” a company that ever reported as a shell must be current in its filings with the SEC and have been current for the preceding 12 months before investors can sell unregistered shares.”