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IPO$

06/12/13 8:53 PM

#45263 RE: janice shell #45262

Oh shoot...you are right...I meant to say that but got confused obviously. 6 months reporting. One year non reporting. I think it's one year for reporting companies for only affiliates however.
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integral

06/13/13 9:41 AM

#45278 RE: janice shell #45262

And the issuer cannot be, nor have ever been a shell company for non-filers or rule 144 is never available to free up the shares.

For filers, the same applies, the issuer cannot be, nor have ever been a shell company or 144 does not apply. A reporting issuer can cure this, and only a reporting issuer can, by not being delinquent in its filing requirements for a period of one year. Then, and only then can Rule 144 apply to shareholders of restricted securities. In addition, affiliate shares and sale restrictions would still apply.

I am back from vacation Janice. What did I miss?