Replies to post #154073 on TON Strategy Company (TONX)

[TenKay]

Again, I don’t need to reach out to the company. I take what you posted that they said to you exactly as you wrote it.

In response to your question, The Code A refers to securities being “Acquired.” This stock was acquired, not granted, and was made in connection with a 10B5-1 plan, which allows insiders to make regular, periodic purchases of company stock.

And in the case of Transaction Code A that was not a grant or award, the only possibility left is that it was a Section 16 purchase from the company. If it was “acquired” from the open market it would be a “P”, if it was “acquired” from the company it would be an “A”....which is what the Form 4 says.

If someone is confused by that or disagrees they should contact the company...and ask them specifically where the stock was “acquired” FROM?

...that is if they don’t understand what the “A” means.

I do.

[PennyStalker]

Did you ask the company if the shares were purchased on the open market?

That would put an end to the whole debate here...