U.S Fuel Corp. (fka USFF)

[MorningLightMountain]

for non-reporting Cos, the standard restriction period is ONE YEAR.....

(it used to be two years, but this rule had been changed February 15, 2008)

http://www.duanemorris.com/alerts/alert2700.html

These amendments shorten the holding period for purchasers of restricted securities in private placements and recipients of these securities in mergers and other business combinations. In addition, such purchasers or recipients will be subject to fewer technical restrictions upon resale of the securities. As a result, the cost of capital for issuers of restricted securities will decrease by reducing the liquidity discount typically associated with those securities, and by reducing the need for issuers to agree to file and maintain the effectiveness of resale registration statements for the benefit of investors who purchase restricted securities. This resulting greater access to capital may portend an increased attractiveness of restricted securities as a form of acquisition currency.


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

Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, including employee stock options, the holding period begins on the date the option is exercised and not the date it is granted.