Replies to post #59716 on Beyond Commerce Inc (BYOC)

[Trek95]

As mentioned before, one needs to be a lawyer to answer that, othereise its just interpretation of what it says. I did still say rule 144 applies, as he is the CEO. but I could be wrong, I'm not a lawyer.
I thought a special SEC form needed to be submitted, and that Geordan can take the shares when he wants, but that the 1.5 is equally distributed over 12 months, so that's a bit confusing. 6 months have passed, so he can take 750k equivalent to the share price the last 5 trading days, so figure .0004. So he could take 1.875 billion, but this amount was only 375 million.

[Trek95]

Just looked again in that filing... in capital letters too. See below, the securities are "restricted". I'd say 6 months or 1 year from when they are registered, that they can be sold, but again I'm not a lawyer.

THIS NOTE, AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE (COLLECTIVELY, THE “SECURITIES”), HAVE NOT BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE.  THE SECURITIES ARE BEING OFFERED PURSUANT TO A SAFE HARBOR FROM REGISTRATION UNDER REGULATION D PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”).  THE SECURITIES ARE “RESTRICTED” AND MAY NOT BE OFFERED OR SOLD UNLESS THE SECURITIES ARE REGISTERED UNDER THE ACT, PURSUANT TO REGULATION D OR PURSUANT TO AVAILABLE EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND THE COMPANY WILL BE PROVIDED WITH OPINION OF COUNSEL OR OTHER SUCH INFORMATION AS IT MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH EXEMPTIONS ARE AVAILABLE.  FURTHER HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE MADE EXCEPT IN COMPLIANCE WITH THE ACT.