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Posted On: 11/07/2021 5:25:15 PM
Post# of 86956
The 90 days starts the minute the form is filed. It does not matter what the price is when the person decides to sell (a penny, a dime, a dollar). Doc filled out the form based on the price at the time because he had to put a number in the box.
It is simply a notice to sell some, all, or none in the next 90 days.
Here is a post I made about this some weeks ago about another company.
Example of a form 144 in action:
Norfolk Southern Corporation
Ticker NSC closed Friday $286.54
Sec filings http://www.nscorp.com/content/nscorp/en/inves...lings.html
On 7/29/2021 filed form 144.
(c) NUMBER OF SHARES OR OTHER UNITS TO BE SOLD (see instr. 3(c))
5,481
(d) AGGREGATE MARKET VALUE (see instr. 3(d))
$1,322,676.72 (as of 7/29/2021)
(f) APPROXIMATE DATE OF SALE (see instr. 3(f)) (MO. DAY YR.)
7/29/2021
Notice it has a date of 7/29/2021 because you have to put SOMETHING there.
And the value of shares is an approximation based on previous closing prices (easy to look up on form 144 research).
They have 90 days to sell those shares, or some. or none.
They just have to file the form in advance or on the day of.
Then there are a series of form 4 documents for each actual sale.
8/2, 8/5, & 8/23
Yes they are a huge corp. The point is they had to file this form before they sold.
Doc stated he has not been taking compensation for UNVC work.
We can see the share structure on OTC Markets and it never changes.
Most importantly, Doc stated this is for funding the company's future growth.
He has made lots of promises, yes we are way behind schedule, but I'll be damned if I leave just when the good stuff starts.
Go UNVC! Go Dr Dalton!
It is simply a notice to sell some, all, or none in the next 90 days.
Here is a post I made about this some weeks ago about another company.
Example of a form 144 in action:
Norfolk Southern Corporation
Ticker NSC closed Friday $286.54
Sec filings http://www.nscorp.com/content/nscorp/en/inves...lings.html
On 7/29/2021 filed form 144.
(c) NUMBER OF SHARES OR OTHER UNITS TO BE SOLD (see instr. 3(c))
5,481
(d) AGGREGATE MARKET VALUE (see instr. 3(d))
$1,322,676.72 (as of 7/29/2021)
(f) APPROXIMATE DATE OF SALE (see instr. 3(f)) (MO. DAY YR.)
7/29/2021
Notice it has a date of 7/29/2021 because you have to put SOMETHING there.
And the value of shares is an approximation based on previous closing prices (easy to look up on form 144 research).
They have 90 days to sell those shares, or some. or none.
They just have to file the form in advance or on the day of.
Then there are a series of form 4 documents for each actual sale.
8/2, 8/5, & 8/23
Yes they are a huge corp. The point is they had to file this form before they sold.
Doc stated he has not been taking compensation for UNVC work.
We can see the share structure on OTC Markets and it never changes.
Most importantly, Doc stated this is for funding the company's future growth.
He has made lots of promises, yes we are way behind schedule, but I'll be damned if I leave just when the good stuff starts.
Go UNVC! Go Dr Dalton!
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