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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Handshake™ who wrote (16557)7/5/1999 12:37:00 PM
From: BB BOB  Respond to of 25548
 
Shake,got 44 responses,ave,ask is $16.00,majority says no for prosecution,I will forward the names that replied to MDHM giving them an idea as how we feel.I'll use the "handles",E-mail addresses,and the real names that replied.Still waiting to hear from the two largest shareholders,then I'll send the info,thanks to everyone who voiced their opinions,its time we got involved!!
Regards,
Bob



To: Handshake™ who wrote (16557)7/5/1999 12:49:00 PM
From: Handshake™  Read Replies (1) | Respond to of 25548
 
Rule 144 Stock
SEC Rule 144 governs the sale of restricted securities in limited quantities and generally applies to the following:

Corporate Insiders
Buyers of private placement securities not sold under SEC registration statement requirements.
Corporate Insiders - Corporate insiders are officers, directors, or anyone else owning 10% or more of the outstanding company securities. Stock either aquired through compensation arrangements or open market purchases is considered restricted for as long as the insider is affiliated with the company.

Buyers of private placement securities - If the buyer has no management or major ownership interests in the company, the restricted status of the securities expires over a period of time.

Under Rule 144, restricted securities may be sold to the public without full registration (registration is completed upon transfer of ownership) if the following conditions are met.

The securities have been owned and fully paid for for at least two years, or upon the death of the owner.
Current financial information must be made available to the buyer. Companies that file 10K and 10Q reports with the SEC satisfy this requirement.
The seller must file Form 144, "Notice of Proposed Sale of Securities," with the SEC no later than the first day of the sale. The filing is effective for 90 days. If the seller wishes to extend the selling period or sell additional securities, a new Form 144 is required.
The sale of the securities may not be advertised and no additional commissions can be paid.
If the securities were owned for between two and three years, the volume of securities sold is limited to the greater of 1% of all outstanding shares, or the average weekly trading volume for the proceeding four weeks. If the shares have been owned for three years or more, no volume restrictions apply to non-insiders. Insiders are always subject to volume restrictions
===========================

hewm.com

Reduction of Rule 144 Holding Periods

On February 20, 1997, the SEC amended the holding period requirements of Rule 144 as follows:

The holding period for limited sales of restricted securities under Rule 144 has been reduced to one year (from two years).

The holding period for unlimited sales of restricted securities by non-affiliates under Rule 144(k) has been reduced to two years (from three years).

The SEC also adopted parallel changes to Rule 145, reducing the holding periods for the resale of securities acquired in reclassifications, mergers, consolidations and asset transfers under Rule 145(d).

These new holding periods will become effective on or about April 29, 1997 and will be applicable to all securities, whether acquired before or after the effective date.



To: Handshake™ who wrote (16557)7/5/1999 12:59:00 PM
From: Handshake™  Respond to of 25548
 
invest-faq.com

Subject: Regulation - SEC Rule 144

Last-Revised: 1 Oct 1997
Contributed-By: billman@pacificnet.net,

SEC Rule 144 allows for the sale of restricted securities in limited quantities. Rule 144 generally applies to corporate insiders and buyers of private placement securities that were not sold under SEC registration statement requirements.

Corporate insiders are officers, directors, or anyone else owning 10% or more of the outstanding company securities. Stock either acquired through compensation arrangements or open market purchases is considered restricted for as long as the insider is affiliated with the company. If, however, the buyer has no management or major ownership interests in the company, the restricted status of the securities expires over a period of time.

Under Rule 144, restricted securities may be sold to the public without full registration (registration is completed upon transfer of ownership) if the following conditions are met.

The securities have been owned and fully paid for for at least one year, or upon the death of the owner.
Current financial information must be made available to the buyer. Companies that file 10K and 10Q reports with the SEC satisfy this requirement.
The seller must file Form 144, "Notice of Proposed Sale of Securities," with the SEC no later than the first day of the sale. The filing is effective for 90 days. If the seller wishes to extend the selling period or sell additional securities, a new form 144 is required.
The sale of the securities may not be advertised and no additional commissions can be paid.
If the securities were owned for between one and two years, the volume of securities sold is limited to the greater of 1% of all outstanding shares, or the average weekly trading volume for the proceeding four weeks. If the shares have been owned for two years or more, no volume restrictions apply to non-insiders. Insiders are always subject to volume restrictions.
The most recent rule change of Feb 1997 reduced the holding periods by one year. For all the details, visit the SEC's page on this rule:
sec.gov

For more insights from Bill Rini, visit The Syndicate:
moneypages.com