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Re: DamnedYankeeFan post# 13865

Saturday, 03/21/2020 5:47:45 PM

Saturday, March 21, 2020 5:47:45 PM

Post# of 63076
He is not required by any law or regulation to make a disclosure. As a non-reporting entity, the “insiders” are not subject to the reporting requirements of Section 12 of the Exchange Act.

It is a good idea to do so regardless...as there are selling limitations of an officer, director or affiliate under Rule 144.

...but to be clear, as a non-registrant there is no “legal” requirement to do so.

"Harsh reality is always better than false hope"

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