DD Support Board and Research Team

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Welp, that is old information. But as the quote mentions the limitation on sales is for affiliate stock, non-affiliate stock has no limitations after one (1) year not two (2) years, now days.

But I have represented a few clients over the years on both sides on stock injunctions with restricted stock. The company can request the transfer agent to hold off removing a restrictive legend for only three (3) days legally, now some T/As might go home and vacation for a long weekend and look the other way for a few days, but that is about it. T/As get audited just like public cos and broker dealers, the last thing they need is a fine. But that gives a company ample time to get a temp. injunction and a court date. Just stopping the removal of the restrictive legend at the T/A scares some and if they need free stock to earn a living cannot afford an attorney,