Friday, December 12, 2008 11:33:54 AM
I am only considered an "insider" in the sense that I have purchased so many DNAG shares on the open market,
But the fact is you ARE considered an "insider" by the SEC. Having that designation imposes some specific limitations on you regarding when you are permitted to sell your shares. Don't take my word for it, look it up. Ask your broker. And for goodness sake be careful. I doubt very much if the SEC is watching too many sub-sub-sub-sub-penny stocks but should a miracle occur and the pps rises significantly they will be interested. You need to understand what those limits are and you need to make sure to not run afoul of them, because regardless of what 'information' you have, the "insider" rules apply to you based on that stock position.
This is the part we don't get.
I do not have any inside info., etc., etc.
Why ever not?
As the biggest private shareholder in the company's history you have the right to get that information. Why haven't you? We already know that it won't affect your "insider" status as that is based on your share position, not any insider information. Getting and knowing insider information would have no effect on your ability to sell your shares. So why don't you want to know?
regards,
frog
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