Replies to post #2804 on Bell Buckle Holdings (BLLB)

[matto1975]

I am not sure what to think at this point. I bought in way too early about 2 weeks ago and now my pps is about .0017 I don't think I will be able to get a decent flip on it. Any thoughts about this.

[playerguy]

My understanding is that this is retroactive for any shares issued as free-trading. non-reporting companies can issue restricted (12 months)shares and reporting companies can issue restricted (6 months) shares. Restricted shares are not as desirable to the vultures that buy 100s of millions of shares from a company at a deep discount and immediately dump them.
If a non-reporting company had already issued non-restricted shares within the last year to a vulture and the vulture had not sold them yet then the remaining shares would become restricted for the remainder of the period. Anyway, that's my understanding. I hope it reduces some of the dumping and encourages more companies to become reporting.