Replies to post #97834 on Vystar Corp (VYST)

[SooS416]

They are not insiders though, they would need to file a Form 3 if they were subject to insider trading restrictions.

Here is the SEC rule regarding insiders and the filing of Form 3's

https://www.sec.gov/files/forms-3-4-5.pdf

What’s a Form 3?
When a person becomes an insider (for example, when
they are hired as an officer or director), they must file a
Form 3 to initially disclose his or her ownership of the
company’s securities. Form 3 must be filed within 10
days after the person becomes an insider.

Herre is the SEC rules regarding holding periods, VYST is a reporting company as they are a SEC registrant

https://media2.mofo.com/documents/faqrule144_145.pdf

Holding period. A six-month holding period is
required for "restricted securities" of an issuer
that has been a reporting company for at least
90 days. A one-year holding period is required
for "restricted securities" of a non-reporting
company. S

[bking1965]

MTL, all the links say the same thing. Doog is wrong here. In 2008, the rules changed and the holding period for non-control persons became 6 months.

https://media2.mofo.com/documents/faqrule144_145.pdf

I do think, however, that Greg should have to file a form 144 and if he decided to sell he should be held to the rules that you mentioned. I think Greg should be considered an Affiliate of Vystar.

However, because Greg doesn't appear too concerned about rules (where is the 8k for the 52% signing event last week?) I think Greg will view himself as a non-Affiliate and sell freely after 6 months.

[doogdilinger]

Hi MTL, because it's rare for companies like VYST who've been demoted to the pinks because their share price full underneath a penny per share, to not re-apply for their OTCQB certification and secure a mm sponsor to regain their QB status when they're trading above a penny share price again, there's just not any "links" per se that flat out state the 12 month vesting/holding period for the rare companies in VYST's current situation.

So I just posted a lengthy detailed post on what makes Greg and Jamie insiders and why full SEC Reporting companies like VYST that have been demoted to the PINKS get treated like alternative reporters where the OTCBB clearing landscape is concerned pertaining to the holding period attached to insider Restricted 144 Shares k cheers>>>

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