When shares are issued for convertible debt, is there any legal requirement by SEC rules that the new shares must be held for a period of time before they are tradeable ? Maybe 4 months?
If no requirement, latest activity from selling could be explained by old note holders selling their newly acquired shares. The lucky ones held on and may have shares twice the value of those who sold immediately.
Hey! How are you? Excellent post! Yes this is the best 8-K we could have hoped for right now! Confirmation that all the old convertible notes and debt have been settled and paid off with no longer any concerns for the issuance and sales of new shares and dilution of the common stock into the market. :-) So there is nothing that will hold $RGBP back now from the potential for massive gains! It is completely free to trade now without any barriers of resistance. :-) With each new positive development from here on out... The stock price will rise steadily in reaching new heights! :-)
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