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Re: foxpowers post# 33830

Wednesday, 12/01/2010 8:21:43 PM

Wednesday, December 01, 2010 8:21:43 PM

Post# of 93371
That would be true if the shares were publicly traded.

Since the company is private, there is no rule for someone making a private sales of the shares. This happens with Facebook and Zynga all the time. It is a secondary market for stock in "private" companies where the rule 144 rules do not apply.