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Re: Det_Robert_Thorne post# 141426

Sunday, 09/15/2013 6:15:48 PM

Sunday, September 15, 2013 6:15:48 PM

Post# of 238140
I didn't mean that she has no intention of selling ever, but if MJNA did something like what MDBX did last November she would have to have already registered in order to pull the trigger on the sale. Here is why she files this 144 quarterly...it only lasts 3 months.

The Form 144 must be transmitted for filing concurrently with either the placement of a sell order for a brokerage transaction, or the execution of such sale directly with a market maker, as provided in Rule 144(h). The adoption of the plan itself may not be the same as placement of a sell order. The notice on Form 144 is effective for a maximum of three months, so that sales over longer periods will involve multiple requirements of notice under Rule 144(h). [Mar. 25, 2009]

http://www.sec.gov/divisions/corpfin/guidance/exchangeactrules-interps.htm