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loanranger

11/12/16 2:40 PM

#34550 RE: clearmont88 #34547

"and could no longer raise money relying on rule 144"

I'm guessing that your favorite CEO is the source of that misunderstanding given that one of the company's directors was under the same false impression.
A company can't "raise money relying on rule 144" whether it is current in its reporting or not.

Rule 144 impacts the ability of holders of restricted shares to sell them.