Rim Semiconductor Company (fka RSMI)

[emiliano]

Rule 144 registration and/or sale rules. A buyer of stock under rule 144 cannot sell these shares for at least one year. After the lst year, he/she can register the shares for possible sale. This registration is good for 90 days, and the shareholder can sell shares equal to 1 % of the outstanding or an amount equal to the average market sales during the previous 4 weeks. If the sale is not completed within the 90 days, that particular registration expires, and the owner must re-register if he/she wants to have an OPPORTUNITY to sell within the next 90 day period. I went through the same procedure with my shares, and I still own them. Registration under rule 144 does NOT mean the owner intends to sell, only that the owner wants the OPPORTUNITY to sell if the circumstances are right for him/her.

After the 2nd year, all shares become free trading. Insiders, however, are restricted in the amounts they can sell, regardless of whether the shares are restricted or free trading.