InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,168.00
(
0.52%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.28
(
0.00%
)
Bitcoin
66,689.99
(
0.75%
)
Post# of 8097
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Thirsty Tiger

Send PM Follow Ignore
Followers 19
Posts 1066
Boards Moderated 0
Alias Born 10/16/2003

Thirsty Tiger

Re: Rawnoc post# 6647

Wednesday, 07/01/2009 6:10:59 PM

Wednesday, July 01, 2009 6:10:59 PM

Post# of 8097
Even if you are a 10% owner (=affiliate) you can sell all the stock you want and not file a Form 144 with the SEC as long as the aggregate dollar amount is less than $50,000 in any three-month period.

Rule 144 restrictions kicks above that amount (retroactively)

so at a pps of 0.10, he can sell 1/2 million shares every 3 month before being tapped out. at 0.08 625K and so on.

He must however file a Form 4 within 2 days of each sell for as long as his holdings are above 5%



"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up