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Muskett50

07/29/13 10:52 AM

#4062 RE: PennyStockYoda #4057

Thanks Secco Tech, seen them large blocks, thought maybe someone was unloading some of those 120mil, wonder where these shares are coming from, 700k @ .06 is a fair chunk of change.
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Helter Skelter

07/29/13 11:30 AM

#4073 RE: PennyStockYoda #4057

They never will be.

Rules 504 (SGLB can't use this exemption), 505, 506 and 144 all provide for an exemption from registration.

They are restricted.

The restriction countdown starts when the securities are purchased.

They will never be registered.

Not in SGLB's case, I'd wager. Sometimes a company will use a rule while the company tries to register the shares but that's a lengthy and costly endeavor.

Registration won't happen here.

Any common share deals fall under one of three forms of regulation.

All include a 6 month restriction AFTER the shares are registered.

As far as I can tell, the shares have not been registered yet.