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Ross is listed as a "beneficial owner" in

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e-ore Member Level  Wednesday, 09/11/19 11:35:22 PM
Re: Not_on_the_rug post# 41353
Post # of 44386 
Ross is listed as a "beneficial owner" in the 10k. Any purchases or sales would have to be reported on a Form 4. Form 4 is for:
"STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP"

"Generally, restricted securities held by non-affiliates are subject to a 6 or 12 month holding period. If the issuer is a shell or former shell company then more stringent rules apply to resales."
"non affiliates" I believe would include Steven Ross. And anyone given shares in the past for services, like consultants.

"For a company that has at any time been a shell company, the holding period becomes 12 months after the date that the issuer files Form 10 information with the SEC. Anyone seeking to remove the legend from restricted securities should proceed cautiously with the assistance of qualified securities counsel."
https://www.securitieslawyer101.com/2014/resell-restricted-stock/

So a lawyer had to sign off on removing the restriction for those 6 million now unrestricted shares.

It's nice to have a lot of horsepower in the engine room but you need some in the wheelhouse too.
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