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Re: ptcgolf post# 7331

Thursday, 08/20/2020 1:07:56 PM

Thursday, August 20, 2020 1:07:56 PM

Post# of 10175
That is not correct. The current status does not matter since they are a non-reporting company and they were a shell previous. As such, Rule 144 has not applied to such companies since 2008 (12 years ago)

The conditions of Rule 144 can never be met by a non-reporting company, regardless of the availability of current information on OTC Markets through the OTC Markets alternative reporting standard and regardless of whether the company is currently a shell company or how long it has been since the company was a shell company.

http://lawcast.com/2015/06/23/section-4a1-4a1%C2%BD-exemption-recommendations-amendment-rule-144-related-shell-companies/