Replies to post #21918 on JPX Global Inc (JPEX)

[tractor4sale]

Did HD believe he would of made more money cashing out by allowing the Veemost merger to go through? Isn’t that a head scratcher!!!

[Anthonyb]

Ok. It’s possible there is nothing but then that would make Frank an absolute idiot for dropping $200k in buying according to the last qtrly report unless he lied to us about it in which he will be reported to the SEC.

I’m extremely disappointed in Frank especially going quiet since the case dismissed but we have to hope he pulls this off. Would you prefer everyone to lose money because of your dislike of Frank.

[Anthonyb]

When you study rule 144 and you realize that Hovendick has to hold his shares for a year before he can sell any it makes sense. On March 23rd report it showed Hovendick got his shares back. Per rule he has to wait a year and then can sell 16.7 million per qtr or 1% of the float. Does that make sense why he would delay until he could sell his shares. All his shares are restricted now so he cannot sell right now anyway. Go look at otcmarkets and there is 377 million shares restricted. So why the hell would HD care about merger being announced sooner when he can’t sell anything. Not saying 100% that’s what’s happening but at least that puts things into context.

[Anthonyb]

Here is rule 144. Minimum 6 month lock. I have seen OTC say 1 year and you can only sell 1% of outstanding shares every qtr. if you were Hovendick wouldn’t you want to delay the announcement until you can sell. I’m not saying that you may not be right that there’s nothing . You may be right but don’t say there is not a reason for Hovendick to want this delayed

[Anthonyb]

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.

Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.