Wednesday, May 08, 2019 2:26:50 PM
In this day and age shares issued for services are restricted but can use the 144 holding period exemption to become free trading. That means holding six months for an SEC filer.
What the issue usually is for removal of the restrictive legend is determining when they were “fully paid for”. That is usually when the work is completed even if the shares were issued prior to that.
“Consultants” don’t have to wait two years.
What the issue usually is for removal of the restrictive legend is determining when they were “fully paid for”. That is usually when the work is completed even if the shares were issued prior to that.
“Consultants” don’t have to wait two years.
"Harsh reality is always better than false hope"
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/01/2025 04:16:02 PM
