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Re: Anvil post# 96727

Wednesday, 05/08/2024 5:58:17 PM

Wednesday, May 08, 2024 5:58:17 PM

Post# of 96975
He didn't say he was only talking about restricted shares. Borders' network can dump away if they actually still have any shares.

5 Conditions for Resale of Rule 144 Securities
Five conditions must be met for restricted, unregistered, and control securities to be sold or resold.

If a selling party is an affiliate of a company, he cannot resell more than 1% of the total outstanding shares during any three-month period. If a company's stock is listed on a stock exchange, only the greater of 1% of total outstanding shares, or the average of the previous four-week trading volume can be sold. For over-the-counter stocks, only the 1% rule applies.