Replies to post #9339 on Masterbeat Corp (MSTO)

[marylandstockguy]

Thanks Dr. I appreciate that.

[griffygriff3]

The sellers continue to add more at .0022, which seems asinine to me. I feel they'd be better served to spread their sell orders up through say .0025 or .0026 - hence a broader trading range. But they refuse to "let it breathe," and they're realizing less proceeds, and I do not feel sorry for the ignoramuses.

[allenc]

So basically, sell away until the end of the offering?

[Dr Blunt]

Clarification on the $MSTO Reg 1A offering restrictions as noted by the SEC: Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.