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Message: Form 144....

Form 144....

posted on Mar 31, 2006 06:39AM
Just because a form 144 is filed does not mean the sky is falling... If one anticipates the price of their securities increasing, and one wants to take advantage of the rise by selling, a form 144 must be filed.. it does not neccesarily mean a sell has to take place.. The reaction to this info over on RB is why (actually just a small reason why) I avoid that board like the plague. Maybe they are anticipating a rise to $5+ in the next few months, and don`t want to get caught with their pants down.. If I where controlling the Fish &/or Faulk trust I would continually have a form 144 filed

http://www.sec.gov/answers/form144.htm

Form 144

This Form must be filed with the SEC as notice of the proposed sale of restricted securities or securities held by an affiliate of the issuer in reliance on Rule 144. Notice on the Form is only required when the amount to be sold during any three-month period exceeds 500 shares or units or has an aggregate sales price in excess of $10,000. The sale must take place within three months of filing the Form and, if the securities have not been sold, an amended notice must be filed.

Although the SEC does not require that the Form be sent electronically to the SEC’s EDGAR database, some filers choose to do so. You can learn how to use EDGAR to find the Form. You can also get the Form by contacting the SEC’s:

Office of Public Reference

100 F Street, NE

Washington, D.C. 20549-2521

Phone: (202) 551-8090

Fax: (202) 777-1027

Email: publicinfo@sec.gov

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