http://reverseshellmerger.com/2008/07/interpretation-of-rule-144-%e2%80%93-part-4/ Everything you need to know about Reverse Shell Mergers by Ralph Amato Fri, 15 May 2009 02:46:58 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://reverseshellmerger.com/2008/07/interpretation-of-rule-144-%e2%80%93-part-4/comment-page-1/#comment-15413 anonymous lawyer guy Wed, 30 Jul 2008 10:56:20 +0000 http://reverseshellmerger.com/?p=275#comment-15413 First, I think NYSE is not subject to the shell restrictions in 144, because even though they technically did a reverse merger, the company they merged with was never a shell to my knowledge. But you are right it seems to apply to Berkshire Hathaway. Also, in a reverse merger the private company guys swap their shares for shares of what was the shell. That starts a new 144 holding period and yes they must wait another year if it was a merger with a shell for 144 to be available. First, I think NYSE is not subject to the shell restrictions in 144, because even though they technically did a reverse merger, the company they merged with was never a shell to my knowledge. But you are right it seems to apply to Berkshire Hathaway. Also, in a reverse merger the private company guys swap their shares for shares of what was the shell. That starts a new 144 holding period and yes they must wait another year if it was a merger with a shell for 144 to be available.

]]>