Replies to post #38777 on BlockQuarry Corp (BLQC)

[Carini]

It's not a limitation on the company but on the seller (note holder selling converted shares). One of Rule 144's requirements for the sale of unregistered securities is that the company is providing current information to the market, so it can't be used to sell converted shares while the company has a stop/yield sign. That's why you often see a big pop/run right after a company files a NT-10Q, and then massive dumping as soon as the 10-Q is filed.

[Carini]

See here: https://www.sec.gov/investor/pubs/rule144.htm

2. Current Public Information. There must be adequate current information about the issuing company publicly available before the sale can be made. For reporting companies, this generally means that the companies have complied with the periodic reporting requirements of the Securities Exchange Act of 1934. For non-reporting companies, this means that certain company information, including information regarding the nature of its business, the identity of its officers and directors, and its financial statements, is publicly available.