Hrctpower ~~ Series 144 (restricted shares) are offered in several forms. They can frequently be purchased through companies via private placements. They are not negotiable for a period of 12 to 24 months (depending on the type of stock that is purchased) and need to be registered with the SEC before they can be traded. Usually, companies that offer this type of stock are trying to raise capital to build their business. They are one of the highest risk stock positions that can be purchased by investors (primarily because companies raising this type of capital are in dire need of cash). They are also very much LESS liquid than open market shares. Therefore, trading them is quite a task. It takes about a month for a sale of this type of stock to settle, whereas a typical stock transaction only takes 48 to 72 hours. Anyway. . .after the restriction period is over, this stock can be sold on the open market. Most small companies will offer Series 144-D stock to investors that are willing to purchase a big enough block.
Peace,
M&M Man
