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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: CO who wrote (10675)4/5/1998 5:29:00 PM
From: Dick Jaffe  Read Replies (1) of 27968
 
Cheryl, the restriction on sale of 144 stock USED to be 2 years. Last year (1997) the SEC changed it to 1 year. However, there are still percentage restrictions on large holders as to how many shares can be sold at once. It also depends on the average volume of the trading security. So my guess is that the one year restriction expired at least 3 or 4 months ago and I am unaware of any filings with the SEC registering an intent to sell 144 shares of FAMH. I would take that as an affirmation, if true, that the 144 holders are in for the long pull.

Dick
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