The_Pink_Lawyer Two Questions on Divedends
I posted this on the PYPR Board the other day.
First, your opinion on AMSN I also have Restricted Shares from the BKMP Divedend.
Second, IMO.
From what I have seen a Company issueing Restricted Stock Dividends is not the way go.
Under Rule 144 it takes one year for you to be able to register the Stock and sell only a percentage for 3 months "to be a little more specific concerning the restricted sale of a security between year one and two:
This applies to OTCBB/PINKSHEET stocks.
A person may sell up to 1% (one percent) of the outstanding shares of the same class of company stock in any 90 day period.
This applies to NASDAQ/AMEX/NYSE
A person may sell 1% (one percent) of the weekly average of the 4 preceeding weeks immediately prior to submitting notice of the sale on form 144, OR...OR..OR A person may sell up to 1% (one percent) of the outstanding shares of the same class of company stock in any 90 day period, WHICH EVER IS GREATER.
The restriction is deemed to be lifted ONLY for shares sold at the completion of such sale. All shares NOT sold during this period will remain restricted, and subject to the remainder of SEC rule 144 as directed.There is also a cost to you to have the shares registered I think $150.00".
If you wait two years the Restricted Shares automatically become tradable
