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Re: $b_rich$ post# 65037

Thursday, 01/25/2024 12:05:14 PM

Thursday, January 25, 2024 12:05:14 PM

Post# of 65575
A few thoughts on the restricted:

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.