Unaffiliated/Affiliated who really cares? SEC? MMs?
Of course silly he can't sell all of them!
But yes that is what I said ~ IMO
2.2 B Outstanding
20 B Authorized in Feb. 2010
I say 15B -17B Shares Probably in Gaffney's Safe...
FYI he is now unaffiliated, and free to sell those 144 shares into the market .
600 Million Float
Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot 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 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.
I thought I was receiving the correct SEC information.... Please Correct me if I am wrong!
If you want to sell your restricted or control securities to the public, you can follow the applicable conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months.
Thats what I would of done if Market Makers were shorting me to death.