Replies to post #253 on ~ ASHER ~

[imgoingfishing1]

care to tell us which stock?

[trader guy]

The Asher notes that I'm familiar with are are all converted to unregistered shares and are subject to rule 144, which means they can't be converted and sold for 6 months after the date the note contract is signed and delivered to them and the company receives the funds. They seem to follow the rules so far as I can tell. The due date is the day on which the company must either issue the shares to payoff the note or pay it off with cash or be in default. It has nothing to do with when Asher can first start converting.

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