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Re: ChaseDog31 post# 20003

Monday, 05/06/2024 1:24:16 PM

Monday, May 06, 2024 1:24:16 PM

Post# of 20017
Dude, CEOs have no control over the unrestricting of restricted shares.

It takes an attorney letter opinion, Proof of when and how they were bought, and TA approval,

The CEO's share are all still restricted, 100% of the listed Insiders including LK, with 10% or more of the OS are stuck until they reach Nasdaq.

The small fry with less than 5% of the OS, no longer listed as 5% or more insiders, are the unrestricted shares.
No major US Brokers will take those OTC shares anymore, until they are Nasdaq shares (call them and ask, Fidelity, Schwab, E-Turd)
And if they use a low life not in the US firm, the MM's are only allowed to sell 10% of the prior days volume of them.

They are just as stuck as everyone else. The lack of volume, and rally is very telling IMO.