Replies to post #22539 on Effective Control Transport Inc. (fka EFFC)

[jigfish]

rosebud, my guess is that they have none unless they bought them on the mkt, because in their disclaimer they do not show any compensation from MCCY. jmho

jig

[jerseyboy]

Of course they would probably dump them, but the fact that there are only a total of somewhere around 24 million shares in the float mitigates against that possibility. Restricted for a year means that they could not sell them in the public market during that time.

[doogdilinger]

Hi rosebud...restricted means they can't be sold ok...I think the bigger message in todays news is this company is moving forward with their confirmation era without any further guidance from Downshire & even if they had restricted shares...they are no longer a part of the equation moving forward & can't sell any restricted shares they may have received for a period of one year...so from my perspective...todays news on top of the A/S reduction sends a clear signal that the time for complacency is over...if people were trying to patient under .30 nows your chance to top off your position b4 the next leg up...& in this case the 3rd time will be the charm!!!!!!!!!!!!!!!!!!!!!!!

[rebelgirl]

If a contract is terminated do the resticted shares become revoked??