Traditionally the transfer agent notifies the CEO as a matter of protocol.
The transfer agent will not remove the restriction if the company doesnt object... the transfer agent will a satisfactory opinion letter from a lawyer approved by the company or the company must direct the transfer agent to remove the restrictive legend.
Under no circumstances will the transfer agent remove a restrictive legend because the holder met the 144 requirements or because the company didnt object to it.
Once again.... the reporting requirements under Rule 144 DO NOT relate to 8ks or any other form of filing to be current other than 10Q's & 10K's.
What Weed did with this ticket company is a pump n dump with the promise of reinvesting the proceeds of the dump back into the company. Of course, that would never happen but its a nice fairy tale to tell a ceo.. it's also an illegal distribution of shares.
Im sure Livewire management didnt think they were participating in such a scheme (cough cough)..
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