Replies to post #12704 on CSMG Technologies, Inc (fka CTGI)

[maddogs]

We may get exact dates and time frames (one year/two year) from the next quartely,, or not. But the guidelines are these.

If you acquire restricted securities, you almost always will receive a certificate stamped with a "restricted" legend. The legend indicates that the securities may not be resold in the marketplace unless they are registered with the SEC or are exempt from the registration requirements. The certificates of control securities are usually not stamped with a legend.

Rule 144 Conditions
If you want to sell your restricted or control securities to the public, you can follow the conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but it provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:

Holding Period
Before you may sell restricted securities in the marketplace, you must hold them for at least one year. The one-year holding period begins when the securities were bought and fully paid for. The holding period applies only to restricted securities.

Adequate Current Information
Current financial information must be made available to the buyer. Companies that file 10-K and 10Q reports satisfy this requirement.

Trading Volume Formula
After the one-year holding period, the number of shares 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 or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding filing of Form 144 (Notice of Proposed Sale) with the SEC.

Ordinary Brokerage Transaction
The sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.

Filing Notice With the SEC
At the time you place your order, you must file a notice with the SEC on Form 144 if the sale involves more than 500 shares or the aggregate dollar amount is greater than $10,000 in any three-month period. The sale must take place within three months of filing the form and, if the securities have not been sold, you must file an amended notice.