Replies to post #16015 on UNICO INCORPORATED (AZ) (fka UNCO)

[ronning999]

jp7204,

And that's just what UNI-CON has been doing.... issuing the Authorized Shares to now make them Outstanding Shares. After the last Reverse Split UNI-CON had 4,990,119,274 shares available for issue. They so far have issued well over 3 BILLION of those free trading shares.

And the issued shares do NOT have to be held for one year in order to be sold. Here's how....

"The shares issued in each transaction are restricted securities for purposes of Rule 144, except to the extent that such securities could be issued without a restricted legend in reliance upon Rule 144(b)(1)." And that is what has happened here.