Buscar Company (CGLD)

[moneymarkets]

No restrictions can be removed for 2 years.

It is impossible for it to be convertible in 180 days since the Company is a non-reporting company and was a shell previously. As a result, the holding period would be 24 months as Rule 144 requires a non-reporting company to never have been a shell otherwise the Rule does not apply. The 2-Year rule is commonly referred to as Section 4 (1 1/2) exemption which was created in the case of United States v. Sherwood.

In case you really want to learn about it: http://lawcast.com/2015/06/23/section-4a1-4a1%C2%BD-exemption-recommendations-amendment-rule-144-related-shell-companies/