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Microcap & Penny Stocks : Panther Resources Ltd. (PTHR NASD BB) -- Ignore unavailable to you. Want to Upgrade?


To: Mr Metals who wrote (314)6/23/1998 12:29:00 PM
From: Buster  Respond to of 618
 
I was wondering what "other" meant:(

Buster



To: Mr Metals who wrote (314)6/23/1998 2:21:00 PM
From: GM  Read Replies (1) | Respond to of 618
 
Do you understand the restrictions of the 144 rules? Insiders can not do both sides of a trade in a 6 month period (short swing profit rules), if they acquire stock by any means it is considered a purchase(trade). These shares will be restricted for at least a 12 month period. This also stops them from selling any other stock they may own for the next six months thereafter.
So it is irrelevant what Letter they acquire stock under it would never be free trading for at least 12 months!(I have never heard of J)
If they were only just selling they are also restricted as to how many they can sell per quarter(less than 1%).
Any violation, omission or misstatements of this is in direct violation the Federal Criminal Violations (see 18 USC 1001 and 15 USC 78ff(a).
But thanks for your views and your new rule changes.