What you posted isn't accurate if the company is a fully reporting SEC shell.
"However, according to Rule 144(i)(2), an issuer can “cure” its shell status if the issuer:
• has ceased to be a shell company as defined in Rule 144(i)(1);
• mandatorily files reports with the SEC;
• has filed all required SEC reports and other materials during the preceding 12 months (or for such} shorter period that the issuer was required to file such reports and materials, other than Form 8-K reports)"
Here are a few from a Rule 144 attorney or pump and dump attorney.
Rule 144 opinions, for the removal of restrictive legends from certificates for common stock and restrictive notations from book-entry common stock. These opinions are often called “tradability opinions”. We provide these opinions for individual stockholders and blanket opinions for multiple stockholders.
Rule 144 opinions are often required by brokers when customers who hold stock certificates without restrictive legends deposit the shares in their brokerage accounts.
Rule 144 opinions are always required when affiliates of issuing companies want to place orders to sell to sell shares, whether or not the shares are restricted or have been purchased pursuant to an effective registration statement (including S-8) or in the open market.
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