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Re: caravan post# 50716

Thursday, 02/21/2013 4:59:55 PM

Thursday, February 21, 2013 4:59:55 PM

Post# of 56720
LOL! The state law says you can sell all of his shares. According to Gouge, the federal law says you can't sell any. How can both laws exist "in harmony"? Judge Reigle wasn't fooled by this argument and neither will Judge Vaughn be fooled by it. If you accept Gouge's argument, it results in the state law being invalidated--unenforceable. Ain't gonna happen. Gouge did not cite one case or SEC ruling which says that Rule 144 prevents enforcement of the state law. Nor did he provide one expert opinion. marty's toast, IMO.