InvestorsHub Logo
Followers 11
Posts 193
Boards Moderated 0
Alias Born 07/14/2009

Re: @-@ post# 36419

Saturday, 05/22/2010 6:38:00 PM

Saturday, May 22, 2010 6:38:00 PM

Post# of 68397
And it looks like they cannot sell them until ACDU is current:

"If you want to sell your restricted or control securities to the public, you can follow the applicable conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:"

"Adequate Current Information. There must be adequate current information about the issuer of the securities before the sale can be made. This generally means that the issuer has complied with the periodic reporting requirements of the Exchange Act."

http://www.sec.gov/investor/pubs/rule144.htm

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.