Replies to post #9318 on Players Network Inc. (fka PNTV)

[Toxic Avenger]

I don't think so. Rule 144 is specifically for restricted stock holders or those with a controlling interest. http://www.sec.gov/investor/pubs/rule144.htm

Form 3 is a statement of initial ownership and is filed after the purchaser becomes a 10% owner.

Form 4 is filed after any change in position (acquisition or disposition of shares) and is required by the end of business on the second business day following the transaction. Mr. Tice will need to file a form 4 for any sales or purchases while he holds more than 10% of the company.

I could be wrong, but that's how I believe it works.

[WhiteSahara]

He bought on the open market, the shares are not and cannot be restricted, they are fully trade-able. Not to worry, he sees this market niche for what it is, a huge growth opportunity.

The only way shares can be restricted for trading is if he was issued shares by the company and PNTV wanted to delay his ability to trade them. Why restrict? It delays share dilution for a period of time until they have perhaps launched their platform. Once the launch is in place and volume and price are up, the dilution is absorbed more readily.

The have recently reduce the initial restricted trade time from 1 year to six months.