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