Replies to post #2524 on US Energy Initiatives Corp (USEI)

[captob3]

Correct me if I'm wrong... But isn't someone closely involved with USEI a disbarred lawyer? Like maybe the current CEO.

[JLPTNG]

Rule from SEC.gov

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.

http://www.sec.gov/investor/pubs/rule144.htm

Any brokerage or clearing firm that violated this will be find severely