Encounter Development Technologies Inc. (ENTI)

[getthere]

For Briggsy.

Hello board, WRT 6 month restriction on ENTI shares after PTEL 1:1 divy:

When I simply put SEC rule 144 into a google browser I come up with :

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

Which states: Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. Meaning PTEL is a SEC reporting company on the BB. Why is this so hard for some to comprehend, when they say there is no such rule?

Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met?

Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.


Can someone please post to ENTIs board for me, since some yahoo who's been on IHUB for a month told me to read the rule 144 before commenting on it.

Thanks,
All the Best,
Briggsy