Bahahahahahahahaha!! LMFAO!!!!!!!!!! So he finally admits it!! Finally!!!!!!! ———————- “By then the stock would be in the toilet.” ———————- Thank-you Mike!!! Truth at last! Truth at last! Thank God almighty the truth at last!!!
"For example, Google's much publicized IPO in the fall of 2004 was criticized for issuing a special class of "super voting shares" to certain company executives. Critics of the dual-class share structure contend that, should managers yield less than satisfactory results, they are less likely to be replaced because they possess 10 times the voting power of normal shareholders."
SGSID's Ponder knows what he is doing!!! Seems Google did it for good reason too!!!
5) Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period.
Investor Publications Rule 144: Selling Restricted and Control Securities
Jan. 16, 2013
When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in a public marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met. This overview tells you what you need to know about selling your restricted or control securities. It also describes how to have a restrictive legend removed. What Are Restricted and Control Securities?
Restricted securities are securities acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company. Rule 144(a)(3) identifies what sales produce restricted securities.
Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as an executive officer, a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise.
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