Effective Control Transport Inc. (fka EFFC)

[TheBullTwit]

There's something I missed the first time. That anything on this particular company that was restricted for 1 year, may be available to resell now if it was issued 6 months ago? August ?

Maybe that would explain the huge dump cuz people are expecting another few million shares to be unrestricted starting tomorrow. *sigh*

Any NEW shares being issued must be restricted for a while so companies can't dump anymore.

From http://www.sec.gov/news/press/2007/2007-233.htm

substantially simplify Rule 144 compliance for non-affiliates by allowing non-affiliates of reporting companies to freely resell restricted securities after satisfying a six-month holding period (subject only to the Rule 144(c) public information requirement until the securities have been held for one year) and by allowing non-affiliates of non-reporting companies to freely resell restricted securities after satisfying a 12-month holding period;