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Spec_Investor

07/15/13 3:58 PM

#5455 RE: BOC1 #5453

Absolutely 100% FALSE. After the one year waiting period that stock could be freed up under Rule 144. An S-1 is not necessary for removing restrictions. An S-1 could shorten the time of holding. After one year that stock can be cleared and sold in the open market.
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CluelessStockJunkie

07/15/13 4:58 PM

#5461 RE: BOC1 #5453

Not even remotely true. They can be deposited domestically. There are OTHER regulations other than 144 to clear stock.