Thursday, March 13, 2008 12:13:16 PM
can be resold today, due to recent changes in Rule 144, which I linked back in February.
The non-affiliates need only hold 6 months now before restrictions are obviated. Here's a run down of when the 6 month clocks started:
In July 2007, the Company issued 2,058,824 shares of common stock for cash of $35,000.
In August 2007, the Company issued 4,117,647 shares of common stock for cash of $70,000.
In September 2007, the Company issued 13,294,117 shares of common stock for cash of $226,000.
The balance of the non-affiliate shares, 6,470,588, would have been issued some time in October, my guess, and be eligible for resale some time in April.
Regards
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