News Focus
News Focus
Followers 0
Posts 410
Boards Moderated 0
Alias Born 06/07/2007

Re: alliecorp post# 44006

Friday, 02/08/2008 12:26:45 AM

Friday, February 08, 2008 12:26:45 AM

Post# of 99167
I am uncertain as to what to think about the recent increase in O/S....

There seems to be two major thoughts here:

1) SPZI is diluting

OR

2) 144 shares are being sold into the market

I was doing a little DD and came across this restriction for selling 144 shares:

What Are the Conditions of Rule 144?

If you want to sell your restricted or control securities to the public, you can follow the conditions set forth in Rule 144. (There are five of them, I have pasted the most important one below)

Filing Notice With the SEC. At the time you place your order, you must file a notice with the SEC on Form 144 if the sale involves more than 5000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period. The sale must take place within three months of filing the Form and, if the securities have not been sold, you must file an amended notice.

http://www.sec.gov/investor/pubs/rule144.htm

SO, my question is, where is the Form 144 that should have been filed?

If someone can find this Form 144, then we know that Catherine Rains gave Allie the correct information. (as per the statement "There was a funding source which had the restriction lifted off of the 144 stock which they had held for over a year and they are selling into the market on a trickle out agreement" in post #43994)

If we can't find this Form 144, then we know that we have been lied to.

I need help finding this form... anybody?




Shau-dere? Shau-dere? It's "chowdah!" Say it right!