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Friday, May 13, 2011 12:48:16 PM
So I think this answers the planned sales/ restricted stock questions (or it's at least more info then we had before).
Manshoon in regards to your post#20339, I think the 144 filings replace the Form 4 you were talking about, or is Form 4 abrev. for 144? Either way I think this sheds some light on the subject.
Source:http://www.dailyfinance.com/company/kraig-biocraft-laboratories/kblb/nao/sec-filings?srt=$srt&tf=1
(Iv'e been on this site before, but not till now have I noticed that it posts more info than a lot of other sites)
It shows (under SEC filings) a bunch of 144's.
This has to do with restricted or planned sales. (As far as I know) Any insight on this is appreciated. The 144 Forms begin being filed around the end of Oct 2010 and have been filed as recently as May 05 (last week).
Info about Sec Rule 144.
Source:http://www.sec.gov/investor/pubs/rule144.htm
Rule 144: Selling Restricted and Control Securities
When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in the marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met. This overview tells you what you need to know about selling your restricted or control securities. It also describes how to have a restrictive legend removed.
Exactly right taco, the more verifiable info the better. That's what we're here for.
I'm out for the day. GLTA
Have a great weekend.
Happy Friday the 13th.
Go KBLB.
Everything I say is my own opinion and should not be taken as direct investment advice. Do your own DD and make your own decisions.
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