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songbirdia

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songbirdia

Re: ITGuy post# 11070

Tuesday, 03/27/2007 4:51:15 PM

Tuesday, March 27, 2007 4:51:15 PM

Post# of 87001
"The swap of our common shares for Series B Preferred is a sign of management's long-term belief in and commitment to the company," explains Spooz CEO Paul Strickland. "It effectively prevents liquidation of insider's stock so that we can not sell under rule Rule 144 for the foreseeable future."

I think Rule 144 restricts stock for two years. (Please someone correct me if I'm wrong)
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