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Re: JLPTNG post# 2527

Wednesday, 06/13/2012 10:01:16 AM

Wednesday, June 13, 2012 10:01:16 AM

Post# of 50085
Sorry brian, but the net is full of news stories of people being prosecuted for violations of Rule 144. Someone must be helping them sell.

Also, there is this from the SEC (pretty sure they understand the rule)


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

How long ago did Stanton dis-associate himself from the company?