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Thursday, February 21, 2013 8:24:33 AM
Rule 144 also stipulates how many shares of a beneficial owner can be sold in a 90 day period. Rule 144 states that any holder of more than 5% is a beneficial owner. Rule 144 also states that a beneficial owner may not sell more than 1% of the total issued and outstanding in any 90 day period.
Obviously Wallace either (A) has chosen to not do the algebra, or (B) can't do the algebra.
Hence, even given SEC approval of the sale per Rule 144, only 4-5 million could possibly be sold per 90 days.
So at only .001 pps, and 5,000,000 per quarter, Wallace will need 9-12 months at the present pps to pay the $17K owed his parents since Rule 144 prevents him, or anyone else, from damaging GOSY's shareholders by "dumping." So why does Wallace work so hard to push GOSY's pps down if he "only wants to get paid?" If GOSY were at .01 pps, 2,000,000 shares would gross his father $20,000 and that could be done in ONE quarter. How's that for dysfunctional reasoning? Totally irrational, imho-
Wallace really is obsessed with the Spencers. It's not about money, it's about Wallace's sick obsession with the Spencers.
Aw Snap?
BTW, I am RIGHT!
Here's my URL confirming:
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
Sometimes words are not enough...
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mo-
Mech
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