Bourque Industries Inc (BORK)

[Flatcat]

MertherQ copied the information exactly as released. My understanding is that the Form 144 makes the stated number of shares unrestricted. Given the number of shares that JB owns, this is a drop in a bucket full of BORK shares. I can only surmise that either JB and others need food money or they have registered the shares knowing that something is going to happen.

The registration of the shares with Form 144 is only an intent to sell within 90 days. True, they cannot trade based upon insider information, but once the information is public they are free to trade with the rest of us. If news is made public, I don't think they have to wait until the market responds to the news to be legal. They have followed the legal requirements to be able to sell former restricted shares. Given the small amounts they registered, IMO, it is food and gas money if they sell now. If JB filed for 2-3 million shares I would be very concerned. 272,000 shares is a typical day or two of volume, if he sells them now. I am hoping that the registration is to sell 90 days from now when the stock will be higher. I have no facts to support one way or another this is JMHO.