InvestorsHub Logo
Followers 0
Posts 96
Boards Moderated 0
Alias Born 04/12/2006

Re: JLPTNG post# 2532

Wednesday, 06/13/2012 10:14:19 AM

Wednesday, June 13, 2012 10:14:19 AM

Post# of 50085
"...you can sell the securities without regard to the above conditions."


Guess you missed this part of the SEC interpretation. Regardless 10% rule, regardless of the 1% rule, regardless of the above (ie rule 144) conditions.

If, as you claim, Stanton has no affiliation with the company, then his "control shares" (restricted are bought at a non-public offering, control are issued to company officers. I know... same rules apply) he is no longer bound by the rule 144. That is direct from the SEC website.