InvestorsHub Logo

k9narc

07/16/14 3:50 PM

#182254 RE: stringofpearls #182253

There is no form required that shows what portion, all, part or none of the 144 filing was sold, but there is supposed to be a way to check what was sold over the year by insiders with 10% or greater holdings in the company. That is by looking at either the form 4 or form 5 filing.

It's a good method of checking, provided the company is fully reporting and follows the rules.

Unfortunately, mcic is not fully reporting, so that is not the case here.

As far as ....." the 1st 144 filing implies that those shares were ALREADY sold by the time the form shows up………" and ........ "That the shares are being sold soon thereafter the 1st 144 'notice to sell" form".....

No arguments here. I always look at 144 filings as a done deal and adjust the float accordingly.