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Re: Jbeach post# 94040

Wednesday, 03/20/2013 9:26:36 PM

Wednesday, March 20, 2013 9:26:36 PM

Post# of 238395
according to this, an insider can not sell more than 1% of the average weekly volume quarterly. So it is not like there will be a dump fest of shares from insiders.


Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.



http://www.sec.gov/investor/pubs/rule144.htm

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