Replies to post #26003 on FBEC Worldwide Inc (FBEC)

[lasernat]

FBEC imo he will be kept as an affiliate but lets say he was not still can not sell for 1 yr ... If I Am Not an Affiliate of the Issuer, What Conditions of Rule 144 Must I Comply With?

If you are not (and have not been for at least three months) an affiliate of the company issuing the securities and have held the restricted securities for at least one year, you can sell the securities without regard to the conditions in Rule 144 discussed above. If the issuer of the securities is subject to the Exchange Act reporting requirements and you have held the securities for at least six months but less than one year, you may sell the securities as long as you satisfy the current public information condition.

http://www.sec.gov/investor/pubs/rule144.htm