Cartel Blue Inc (CRTL): Things changed dramatically on 2/15/2008...

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CSykes

Re: pitadog post# 118527

Tuesday, 11/10/2009 5:45:26 PM

Tuesday, November 10, 2009 5:45:26 PM

Things changed dramatically on 2/15/2008 when the SEC adopted changes to Rule 144/145, specifically Rule 144(i). It has had a major impact in cleaning up the pinksheet market but more time will need to pass to really see the effects.

It was this rule change that I believe Carnes got in trouble over. I'm not going to get into a class room exercise over it, but if your interested you can google "Rule 144i" or "Rule 144(i)", there have been a number of articles written about it.

It is also why you haven't seen hardly any pinksheet R/M's in 2009. Here is a good article..

http://www.thelebrechtgroup.com/index.php/publications/tlg-publications/97-rule-144s-impact-on-shell-companies

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