Thursday, January 25, 2024 12:05:14 PM
The number of restricted shares has been mostly static in recent years (with the exception of the recent grants). This means that the vast majority of issued restricted shares have been held long enough to satisfy the holding requirement to have the legend removed under Rule 144.
Further, the limitations that broker/dealers had placed on clearing and trading restricted sub penny stocks are beginning to ease. Firms that have refused to transact these shares in recent years are beginning to do so, albeit at a cost premium that makes clearing/trading a dubious proposition.
All of this goes to say that we *could* see the current restricted shares move at any time, but it still remains more probable that they will not do so until PPS exceeds .01.
Recent SHMN News
- Gene Editing Company Joins Forces to Advance Gene Therapy • AllPennyStocks.com • 04/01/2024 03:46:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM