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Post# of 29782
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Thirsty Tiger

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Thirsty Tiger

Re: Ryan Industries post# 8743

Thursday, 04/19/2007 3:12:02 PM

Thursday, April 19, 2007 3:12:02 PM

Post# of 29782
Actually, the 144 rule is identical for both affiliates (eg insiders) and non-affiliates (like yourself), with one important exception.

the common rule for both classes of holders is the one year minimum holding period. After one year the holders can sell under the 1% dribble rule. Since the PHGI stock is not a SEC registered stock there is not even a need to file a Form 144 when selling.

If you are not an affiliate of the issuer and have held restricted securities for two years, you can sell them without any restriction. However, and this is the difference, for the insider the 1% dribble rule will always be in effect w/o exemption or holding period.



"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa

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