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Re: fastbird post# 18834

Monday, 06/09/2008 3:43:53 PM

Monday, June 09, 2008 3:43:53 PM

Post# of 41960
They can be tied up from 3 months to 2 years, but in this case they are not giving us a timeframe. therefore we fall back tot he default timing of the SEC, which is 1 year for this type of stock. It was 2 years until recently. Now it is one year. And 6 months for a stock traded on an excahnge (Also a recent reduction in time)

But this type deal doesn't have a specific timeframe, so we fall into the broad stroke category of 1 year.