Replies to post #228 on A Post Collection of IHUB's Greatest Hits

[di4]

Posted by: agelbiz Date: Thursday, July 31, 2008 7:13:05 PM
In reply to: Lawrence 147 who wrote msg# 28833 Post # of 37044
Here is a link to information concerning selling restricted stock. http://www.sec.gov/investor/pubs/rule144.htm

Trading Volume Formula. After the one-year holding period, the number of shares you may sell during any three-month period can't 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 the filing a notice of the sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.