Gifa Inc (GIFX)

[Themistocles_I]

The current share structure which hasn't changed in over a year includes restricted shares in it. The majority of those shares are restricted, as in “non-tradable”. How do you expect insiders to sell when they are still dealing with a Caveat Emptor non-reporting stock??? How do you expect the share structure to change???

Insiders being able to sell has to do with timeframe, not CE status. In this case being non-reporting, as per Rule 144, after one year. The share structure can change if they feel like changing it. The CE status is, once again, irrelevant.

https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html

“If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.”

Selling restricted shares requires a fully reporting stock!

Flat out wrong. See link above

It would be in best interest of insiders here to maintain a higher stock price before the merger is complete so they can start selling some of their restricted shares at a higher price point. It would be idiotic to assume insiders wouldn’t sell when we don’t even know the true value of this company or what assets they are bringing to this specific ticker.

No. It’s idiotic to make such a statement based on the link provided. They could sell now if they wanted to, but they won’t because that would be idiotic.

“Services Rendered”

“Services Rendered” is the same as saying “Exchange of Ownership”. Who cares?