On December 6, 2007 the SEC published the final Rule 144 release. I have not read the entire document. It takes effect 60 days after it is published in the Federal Register, so it should go effective sometime in February.

The big news: Worm/Wulff is toast, gone, history. The SEC did an about face and changed their position from their original proposal. They will now allow former holders of shell shares the right to sell 12 months after a merger and release of “Form 10 information.” This is a major big deal because holders now have an exit strategy that previously was not available.

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