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Re: greens12 post# 103074

Tuesday, 04/16/2013 9:02:02 PM

Tuesday, April 16, 2013 9:02:02 PM

Post# of 238140
You say Michelle is dumping 15 million shares.. but according to SEC rule 144 this must be followed...

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.

Can you please explain one of two things for me 1)how Michelle is allowed to get around SEC rules.. or 2) why do you make things up?