Genesis Media Group, Inc (GNNX) Message Board

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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)

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To: Almost Blue who wrote (900)	5/12/1998 5:17:00 PM
From: CONANN	Read Replies (2) of 3129

On your need for explanation about restricted stock, a holder of restricted stock can sell the stock under Rule 144 after holding the stock for over 1 year (used to be 2 years but rule was changed in the first half of 1997). If the holder holds the stock for more than 2 years, the legend/restriction can be removed and the holder can receive a new unrestricted certificate to sell as they wish. There are some other restrictions to selling under Rule 144 as there are limits to how many shares can be sold. Hope this helps as thank you for your synopsis

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