Quote: I have had quite a lot of inquiries regarding a Form 144 filing so I will address the issue. The form was filed by my broker in the event I decide to sell stock. This is due to the fact that my current employment contract has no salary right now, keeping expenses low and profit high. I have not decided to sell any stock, I have not sold any of the shares, and I do not plan to sell these shares in the near term or at the current price level. If the shares are sold there will be filings with the OTC indicating insider sales.
Rule 144 is required for any sales in a public marketplace. Ed is required to file per rule 144.
Rule 144: Selling Restricted and Control Securities When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in a public marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met. This overview tells you what you need to know about selling your restricted or control securities. It also describes how to have a restrictive legend removed.
Ed could only sell 41M shares every 3 months. He isn't gonna sell for a long time.
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.
News 
Market Data 
Discover 
