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Re: Long-vestor post# 1411

Thursday, 10/25/2007 10:12:59 AM

Thursday, October 25, 2007 10:12:59 AM

Post# of 8313
Long - - - - - - -

Are these new shares restricted for any period of time, or do they become free-trading upon issuance? One may wish to monitor any company officer or board member's intention to sell by watching for any form 144 filings to the S.E.C.

Even if those newly issued 300 million shares are not restricted, and the company principals do file a form 144 to sell, I believe the S.E.C. will only allow 10% to be sold in any given year. So no worries about them unloading anything on the market.

Somebody correct me if I'm wrong here.

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