SI
SI
discoversearch

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.
Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo -- Ignore unavailable to you. Want to Upgrade?


To: Due Diligence who wrote (517)1/20/1998 7:42:00 AM
From: ArtieM  Read Replies (1) | Respond to of 7701
 
Jimbo, You are right that the filing of a 144 form...

is only to register unregistered Rule 144 stock and remove the restrictive legend on the certificate...after this is done the shares previously restricted are free trading stock at the fair market price at the time the owner wishes to sell...by filing a 144 form in no way forces the owner to sell...if that 144 stock is over 2 years old.

If the stock has aged more than one year and less than two then the owner has 90 days to sell from filing of 144 form...after 90 days the owner would have to file another 144 form.