Replies to post #866 on Singing Machine Company Inc (MICS)

[hweb2]

No they're supposed to wait 6 months if they own over 10%. Otherwise those profits go back to the company. But since they own the majority of the company anyway, I guess they still benefit.

https://www.investopedia.com/terms/s/shortswingprofitrule.asp#:~:text=The%20short%2Dswing%20profit%20rule%20is%20a%20Securities%20and%20Exchange,within%20a%20six%2Dmonth%20period