InvestorsHub Logo
icon url

Jon Bovi

12/15/15 10:36 AM

#26211 RE: lasernat #26197

FBEC. SAND CAN SELL as a non affiliate.

The SEC revised Rule 144 effective February 15, 2008. The revisions have significantly reduced the limitations on resale of restricted securities of reporting companies.

Rule 144 now allows non-affiliates of a reporting company to resell restricted securities after a six-month holding period and without any volume limitations or manner-of-sale limitations.