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StockMedic1

10/12/15 11:34 AM

#2449 RE: Penny Stocks 2.0 #2443

Its better than that for us. According to the rules, the insiders have to wait 6 months before they can sell AFTER they convert. And then, they can only sell 1% of the actual outstanding shares of the company every 3 months. So if ANY of the insiders convert, they have to wait 6 months to sell. Then they have to file a Form 144 before they sell, and they can only sell 1% of then then outstanding shares and thats over a 3 months period. No worries here!