This entry is part 1 of 4 in the series Interpretation of Rule 144I have spoken to several attorneys about the new Rule 144 changes that took place in February of this year and there appears to be mixed opinions as to how the rule applies when you are backing a company into an OTCBB [...]

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This entry is part 2 of 4 in the series Interpretation of Rule 144Previously, many shareholders in reverse mergers did not have Rule 144 available to them as they do now. The SEC has also eliminated certain volume restrictions that were mandated prior to the rule changes.
Also included in new Rule 144(i) is the following: [...]

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This entry is part 3 of 4 in the series Interpretation of Rule 144PIPE Transactions

Historically, companies that were funded through a PIPE would register the shares so they would become freely tradable. The company would usually keep the registration statement effective until either the shares that were registered were sold or until such time as [...]

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This entry is part 4 of 4 in the series Interpretation of Rule 144There also appears to be some confusion as to the hold time for individuals who purchased shares from a company who later backed into an OTCBB shell. Is the wait period six months from the time the company becomes fully reporting or [...]

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