Yes. You have to hold for three days or wire funds to your account to cover the cost of buying. I sold some today as well. I should have been playing the swings for the past week but hindsight is always 20/20. "Pigs get fat, Hogs get slaughtered "
Really, so this is just a hobby for the lady. I would say that $60k salary for three months and $60k in stock ownership is pretty good compensation. That comes to about half a million a year.
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.http://www.sec.gov/investor/pubs/rule144.htm
Bar Chart = 100% Buy Baby!
SWRF is a pink and not a fully reporting company, show me the rule that requires holding the sale of converted preferred shares to common shares for a year. There is no restriction mentioned in the filing.
The lady is already loaded. A short term scam is not what she is about. This is a new adventure for her that will make her even more rich if she builds the company and her stock's value. Then as the company becomes more established they start drawing salaries too. Just like any new business.
Preferred Shares for a fully reporting company are restricted for 12 months. They will not be able to convert till November 2015.
Great News!!!
Scott Trade may let you have a margin account which eliminates that problem. But they also limit how many times you can buy and sell the same stock on the same day in a month ( I think it is a 3 times per month restriction)
At .05 they might be tempted... But SoOom is already an established worldwide business, with class A management lolzzz see you in copper land $SWRF
Read the Schedule 14f-1... Statement of beneficial ownership clearly states Susan Sjo owns 6.25% of company @ 200Mil shares. Pretty transparent to me.
Form filing only required above 10%
$SWRF
Anyone guess the pps for swrf on dec. 1st? Im predicting .0329
Bashers = want Cheepies duhh
We know O/S is 4.4 billion thanks though
IMO that is why SoOum is getting 80% of ownership. Hey, what is SoOum's ticker symbol?
No stock ticker? Just looking to get public financing, ie., your invested dollars!
If SoOum was in such great financial shape they would not be taking this route! They would continue to stand alone, period.
Susan Sjo acquired 200,000,000 shares at some point but there is no Form 4, Why? Officer ownership must be more than 10% ownership before the Form 3,4,5 rules kick in. Wow there are billions of shares here already. If the company wanted full transparency they would have filed the form 4 anyway, required or not, period.
two points
1. transpanency
2. billions of shares
Cheers to that M8!
Sooum is net positive cash flow and made 10m revenues this year. They wont need to sell shares. They will get funds and good pricing when the stock explodes.
She is only "employed" 'till end of November at dis point...
SWRF actually files stuff with da SEC lol
Bottoms up
Swordfish Financial, Inc. (SWRF) Provides an Update on the Completion of SoOum Merger "Access Wire" - 10/30/2014 11:00:00 AM
Swordfish Financial (SWRF) Announces its pending merger Partner, SoOum Corp, Recently Executed Two Trade Contracts in Excess ... "Access Wire" - 10/22/2014 9:15:00 AM
SoOum Corp Reveals Deal Pipeline after Signing Merger Agreement with Swordfish (SWRF) "Access Wire" - 10/21/2014 7:48:54 AM
Swordfish Financial, Inc. (SWRF) Announces a New Board of Directors "Access Wire" - 10/16/2014 2:00:00 PM
Statement Regarding Change in Majority of Directors Pursuant to Rule 14f-1 (sc 14f1) "Edgar (US Regulatory)" - 10/16/2014 10:35:21 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/26/2014 1:55:22 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/3/2014 4:35:46 PM
Post-effective Amendment to an S-8 Filing (s-8 Pos) "Edgar (US Regulatory)" - 8/28/2014 11:01:35 AM
Amended Quarterly Report (10-q/a) "Edgar (US Regulatory)" - 8/25/2014 3:33:01 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 8/19/2014 12:04:26 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 8/13/2014 12:54:56 PM
Swordfish Financial, Inc. Announces Launch of New Digital Media Network, "Shopping One on One" "PR Newswire (US)" - 7/1/2014 8:15:00 AM
Statement of Ownership (sc 13g) "Edgar (US Regulatory)" - 6/30/2014 12:32:17 PM
Securities Registration: Employee Benefit Plan (s-
"Swordfish Financial, Inc. and iPoint Television Announces Shareholder Update" "PR Newswire (US)" - 5/28/2014 8:30:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/28/2014 6:01:42 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 5/22/2014 3:31:28 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 5/15/2014 1:58:46 PM
Amended Annual Report (10-k/a) "Edgar (US Regulatory)" - 5/13/2014 3:59:01 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/13/2014 11:46:15 AM
Annual Report (10-k) "Edgar (US Regulatory)" - 5/8/2014 3:56:34 PM
Swordfish Financial, Inc. Purchases 1.5m Carbon Credits "PR Newswire (US)" - 4/30/2014 9:15:00 AM
Information Statement - All Other (definitive) (def 14c) "Edgar (US Regulatory)" - 4/21/2014 4:34:29 PM
Swordfish Financial, Inc. Commits To Invest In A Series Of Oil Producing Wells "PR Newswire (US)" - 4/16/2014 9:15:00 AM