You're leaving out crucial information too part truths are also lies any newly acquired shares by an affiliate of the company will have to abide by Rule 144 The absolute minimum time they have to hold ALL shares and cannot convert to commons or sell is 6 months - 12 months.. Thats the SEC LAW all & any newly acquired shares by an affiliate by any means received for a reporting company must abide by .. then there are also calculations restrictions on how much they are allowed to sell 6-12 mths from now at a time.. and thats only If / when they decide to sell