Not true, the monthly purchases are pre-planned recurring purchases so they are not subject to a blackout. I know that, because I previously worked for a public company that had an employee stock purchase program, and when we went through an acquisition our compliance dept confirmed that we did not have to stop our monthly purchases. In fact, they encouraged employees NOT to stop their monthly purchases because that change in itself could potentially send the signal to the market that something was going on if numerous employees stopped buying at the same time.