Koil Energy Solutions Inc. (KLNG)

[JoeSmith]

looks to me like this is what is happening..

"The SEC expressly stated that shares held by non-affiliates need not retain a restrictive legend after the first anniversary of the non-affiliate's purchase (in the absence of contractual restrictions or other limitations determined by the issuer in its discretion)."

so imo that says the restrictive legend has been removed from all
shares held over 6 months.

If that is the case THEN THIS HAPPENED TO EVERY OTHER COMPANY ON THE OTC with pp shares, at the same time as DPDW.

Like brikk said, it doesn't mean they sold, previously the
restrictive legends were removed when a form 144 was filed.

It looks like it is automatically removed now.

With the removal the T/A has to count them as float.

It is not the company's fault, they have no control over federal law.

just imho, not investment or legal advice. for discussion purposes only

http://www.dwt.com/practc/corp_fin/bulletins/01-08_ImplementingAmendments.htm