NCDR Message Board - Msg: 10063237

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NCDR

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark Marcellus who wrote (686)	6/10/1999 11:28:00 AM
From: Arthur_Porcari	Read Replies (3) of 1440

Mark, if the individual is not a current officer or director and has not been one for more then 90 days, he is not required to report trades or exchanges of shares to the SEC unless it falls outside of the dribble rule exemption (assuming that individual owns more then 10%, no dribble rule if less). The shares are transferable, but the new holder must start the one or two year holding period over again. There is also no requirement for the stock to have to go through the TA in any timely fashion. If the contributor signs a stock power and gives the certificate to the reciever, the receiver can hold them in that form for as long as he wants. Though it might be wise to transfer sooner rather then later since it is restricted stock, if he want his meter to start running for the one year. Only at that time might the company find out who did the transfer and only if they took the time to check the transfer sheets. If I didn't see or even know about the report until after it was published how could have been written by me? Of course it was not written by me. Not in whole or in part. Art

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next