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1manband

08/21/24 1:24 PM

#223197 RE: RMS555 #223196

How much did these shares on this Form 144/A sell for (or offered to sell) and how many shares?

Impossible to tell, because a Form 144 is filed BEFORE any sale. Note the description of the Form is "Proposed Sale of Securities". It is merely the form filed to be able to sell shares absent of registration. Once the form is filed, those shares can be sold at any price, and unless they are a Rule 16(a) filer, no additional filing is required to inform the SEC or the public how many were sold, when, at and at what price. The "approximate date of sale" is actually pretty meaningless. It just states the date on which the seller expects to begin trying to sell the shares. They don't actually have to sell on that date. Any sales could occur a day, a week, or a month after that. Or, all of them. Or none at all. We just don't know when (or if - filing of Rule 144 does not require the seller to sell any shares - it just gives them the ability to do so) the shares were sold, how many were sold, and for what price. All of that occurs after the 144 filing. If the seller is subject to Rule 16(a) reporting, then they are required to tell us through additional forms (Form 4 or Form 5, for example). But if they aren't we have no idea. And in this case, since we know the person selling got the shares for promoting (pumping) the stock, chances are they are not subject to Rule 16(a) and they dumped they all at the first opportunity at whatever price they could get. But the specifics will forever remain a mystery.

Therefore, if your broker friend and a poster are claiming otherwise and actually giving you a specific price for a non 16(a) seller, they are either lying or know absolutely nothing about SEC forms and regulations. Unless, of course, the poster IS Brian Mclain (the seller), and even then I certainly wouldn't trust any statements out of his mouth to be anywhere near the truth.
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OMOLIVES

08/21/24 2:56 PM

#223205 RE: RMS555 #223196

You can not tell @ what price is being sold given the aggregate market value comes before the actual filing. So it looks like that is garbage stock @ around .001 .... but it may be quite lower. Or could even be higher.

The aggregate market value is the price of the securities to be sold on or after 7-29-024(approximate) ...but that price may not necessarily be the current price as of filing.
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BullNBear52

08/21/24 7:43 PM

#223265 RE: RMS555 #223196

Thanks for Advance and here is the Form 144/A (edited to remove company name)

What's the point of editing out the company name?