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Re: Perfectson post# 103414

Saturday, 11/20/2021 10:30:46 AM

Saturday, November 20, 2021 10:30:46 AM

Post# of 123155
Under Rule 144, the “Holding Period” of an underlying convertible security (ie the warrants or the Pref B) can be “tacked onto” the holding period of the common stock after conversion.

So if the warrants and Pref B are held for one year (Rule 144 holding period for a non-reporting stock), as an example, then the common stock after conversion at that point is immediately eligible for restrictive legend removal.

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