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sensible

02/19/10 7:09 PM

#2932 RE: BigBadWolf #2930

Since I was just born yesterday, what part of Rule 144 specifically refers to 10% (Hint: It doesn't)?

Furthermore, what part of what you posted disagrees with what I posted?

Point 1 echoes exactly what I stated in my first post about the holding period (Neither MEDT or ANYT is subject to the reporting requirements of the '34 Act, so the holding period is one (1) year (October something, 2008 until October something 2009). ANYT had more shares outstanding at the end of the third quarter than they do now, so the 10% guideline says they've not been an affiliate for at least three months. So the shares should be free now under 144. If they were mine, you can take it to the bank the legend would be off.

Point 2 makes it very clear that the issuer (ANYT), not the seller (MEDT) is required to post current information (By the way this not being current with Pinksheets, its following the rules laid down in Rule 15c211, which are far less stringent than Pinksheets see 144c.2. "Non-reporting Issuers. If the issuer is not subject to the reporting requirements of section 13 or 15(d) of the Exchange Act, there is publicly available the information concerning the issuer specified in paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11 of this chapter, or, if the issuer is an insurance company, the information specified in section 12(g)(2)(G)(i) of the Exchange Act.")

Point 3 states 1% of the outstanding volume for OTC securities (both MEDT and ANYT) and ANYT has 188 Million shares outstanding and 1% of 188 Million is 1.88 Million and $0.092 times 1.88 Million is $172,000 give or take.

Point 4. states that affiliates (which MEDT may or may not be) have to sell through a broker. So what? Where else would they sell it?

Point 5. states that if they are an affiliate, and they are going to sell through a broker, then they have to file Form 144 (Form 144 does refer to 10%). Again, so what?

Finally, the final paragraphs mention the need to "satisfy the current public information condition" however, this only applies to companies that are reporting, which, once again, neither MEDT nor ANYT is.

Finally, MEDT has to get any legend lifted by the transfer agent. I don't know if there is a legend or not, but all it takes is a legal opinion.

LMAO