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Re: DirtyDawg post# 2988

Tuesday, 04/03/2007 3:49:27 PM

Tuesday, April 03, 2007 3:49:27 PM

Post# of 18808
Scotch, I bought pre placement stock 2 yrs ago and have sence gotten my shares released. The rules on 144 stock are, this is the way it was explained to me by my bank, you have a one year holding period, at the end of one year you file your 144 paper work with your bank who files it also with the trans agent you must also get an opione letter from the company's attorny. Then everything is sent to the DFFC, I belive thoes are the right initials. Then after all that is done the only rules you have to abide by is that you can only sell 1% of the total stock float per quarter. As far as seeing the actual sale of the stock after the fact I have not seen any but I know for fact that some sales have been made but it dose not show up on any insider trades list that I have seen.