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Carmensandiego

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Carmensandiego

Re: mustangowner post# 11887

Wednesday, 10/31/2012 11:57:26 AM

Wednesday, October 31, 2012 11:57:26 AM

Post# of 27492
The stock becomes unrestricted when a certain stipulation put on by the company is met. That is why companies issue restricted stock. Otherwise what would keep CEO's from selling and bailing? But, even so- by law there is the 6 month stipulation as well. So he can't meet a goal in 3 months and sell. He must wait 6 months at least. And then, again, he must still meet the protocol and agreement he made with the company when that stock was issued. And of course only company insiders know what that agreement is.
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