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| Alias Born | 05/10/2004 |
Friday, February 08, 2008 8:21:22 AM
allie, I think it very important to realize that the 144 reg rules are now changed. Posting the old rules will confuse the issue. See these links for a trace-down on this in its current state. Rule 144 is not as it was.
Go here:
http://www.gpoaccess.gov/fr/index.html
and search on:
"Smaller Reporting Company Regulatory Relief and Simplification"
Here's the link to the SEC ruling itself:
http://www.sec.gov/news/press/2007/2007-233.htm
And as regards the whole SEC document, all 111 pages of it, here's that link:
http://www.sec.gov/rules/final/2007/33-8869.pdf
Please note that a Legal Opinion is still required if the company was at one time a shell when one acquired the 144. Good luck guys. Also note, the TA's are acknowledging this ruling as of Friday, February 15. BTW, a better informed legal beagal type told this T/A thing to me yesterday evening, gang... but I believe him and thus do not expect that the T/A will lay it out for us yet.... we'll need to wat till after the 15th. so, till then its up to us to wade through the 111 pages ourselves.
And also, to judge by the PDF itself, my original determination that 3/3/8 was the date of consequence is wrong.... looks to be 2/15/8.
And if you folks aren't too daunted, here are my musings (Opinions, gang, opinions!!) as to how all this lines up... my explanation to myself, as it were:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26646057
Any way its looked at, focusing on the old regs is going to generate confusion. That's my point.... and also, I wanted to give the actual links to the community so everybody can see that I'm not just flatulating and calling it thought.
Imperial Whazoo
Go here:
http://www.gpoaccess.gov/fr/index.html
and search on:
"Smaller Reporting Company Regulatory Relief and Simplification"
Here's the link to the SEC ruling itself:
http://www.sec.gov/news/press/2007/2007-233.htm
And as regards the whole SEC document, all 111 pages of it, here's that link:
http://www.sec.gov/rules/final/2007/33-8869.pdf
Please note that a Legal Opinion is still required if the company was at one time a shell when one acquired the 144. Good luck guys. Also note, the TA's are acknowledging this ruling as of Friday, February 15. BTW, a better informed legal beagal type told this T/A thing to me yesterday evening, gang... but I believe him and thus do not expect that the T/A will lay it out for us yet.... we'll need to wat till after the 15th. so, till then its up to us to wade through the 111 pages ourselves.
And also, to judge by the PDF itself, my original determination that 3/3/8 was the date of consequence is wrong.... looks to be 2/15/8.
And if you folks aren't too daunted, here are my musings (Opinions, gang, opinions!!) as to how all this lines up... my explanation to myself, as it were:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26646057
Any way its looked at, focusing on the old regs is going to generate confusion. That's my point.... and also, I wanted to give the actual links to the community so everybody can see that I'm not just flatulating and calling it thought.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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