InvestorsHub Logo
Followers 221
Posts 28613
Boards Moderated 0
Alias Born 03/18/2009

Re: e-ore post# 171365

Thursday, 04/23/2020 2:09:14 PM

Thursday, April 23, 2020 2:09:14 PM

Post# of 222152

Many restricted shares were held officers of DCGD's prior company, NCDL. And I believe more were held by NCDL's service providers since they had lawyers (Carillo Huettel) who were most likely paid with shares



Former affiliates' stock does have sales restriction, except for the one year holding period drops off and after 90 days of no longer being and officer, director or affiliate and can be sold or transferred after that 90 day period expired.

So if I was CEO and held the stock for one (1) year and I resigned, I could transfer the stock to you and you can fill 144 and sell it all.

The regs are tricky. And if the new ceo wants to be an arse, a I mentioned before, has to get a temp. injunction and get a court date. They only get 3 days at the T/A.

So basically I can be a ceo, hold it for a year, resign and in 90 days i can transfer it to you and is free at will.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.