InvestorsHub Logo
Followers 9
Posts 687
Boards Moderated 0
Alias Born 10/03/2007

Re: janice shell post# 149905

Sunday, 08/08/2010 7:51:59 PM

Sunday, August 08, 2010 7:51:59 PM

Post# of 221872
"...debt conversion stock can be freed up very easily if the debt has been held long enough."

Please indicate the SEC Rule 144 citation where you see that? I was not able to validate your statement.

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

Note:

Rule 144: Selling Restricted and Control Securities

What Are Restricted and Control Securities?
Restricted securities are securities acquired in unregistered, private sales from the issuer or from an affiliate of the issuer.


If I Am Not an Affiliate of the Issuer, What Conditions of Rule 144 Must I Comply With?

If you are not (and have not been for at least three months) an affiliate of the company issuing the securities and have held the restricted securities for at least one year, you can sell the securities without regard to the above conditions. If the issuer of the securities is subject to the Exchange Act reporting requirements and you have held the securities for at least six months but less than one year, you may sell the securities as long as you satisfy the current public information condition.

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.

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.