News Focus
News Focus
Followers 219
Posts 28613
Boards Moderated 0
Alias Born 03/18/2009

Re: janice shell post# 45262

Thursday, 06/13/2013 9:41:45 AM

Thursday, June 13, 2013 9:41:45 AM

Post# of 234026
And the issuer cannot be, nor have ever been a shell company for non-filers or rule 144 is never available to free up the shares.

For filers, the same applies, the issuer cannot be, nor have ever been a shell company or 144 does not apply. A reporting issuer can cure this, and only a reporting issuer can, by not being delinquent in its filing requirements for a period of one year. Then, and only then can Rule 144 apply to shareholders of restricted securities. In addition, affiliate shares and sale restrictions would still apply.

I am back from vacation Janice. What did I miss?

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today