InvestorsHub Logo

eik

Followers 85
Posts 6119
Boards Moderated 1
Alias Born 10/24/2005

eik

Re: stevieberliner post# 31580

Tuesday, 04/17/2007 10:05:09 AM

Tuesday, April 17, 2007 10:05:09 AM

Post# of 46027
We have a good summary post that leebret made some time ago. I don’t have a link now. My understanding: insiders can start selling after 1 year, but amounts are restricted by SEC rules, they need to file the corresponding forms (means NWOG should be fully reporting by that time), and… Maria told us that they are not going to sell this year. I actually think that Parkin (although he isn’t an insider anymore) also can’t sell w/o NWOG “approval”. In 2 years almost all restrictions will be removed and restricted shares can flood the market. :) Again, it’s just from my memory – this was discussed in details some time ago.