[VRWC_minion]

Form 144
	Also known as Rule 144, this is a form which must be filed with the SEC when an executive officer, director or affiliate of a company places an order to sell that company's stock.
	There are five basic requirements to sell under 144: -The form must be filed properly. -Adequate current public information must be available. For example, required reports such as the 10K and 10Q forms must have been filed with the SEC. -Volume limitations have to be met. One limitation is the sale must not be greater than 1% of outstanding shares. -The transaction must be made by a stockbroker in accordance with certain procedures and rules. -If the securities are restricted they cannot be sold until one year after the date the affiliate paid the entire purchase price.

[GretchenEE]

I loved how he explained the dif between a handy way to cook the books through differences in using/interpreting accounting princples, v. a true discrepancy in how to interpret accounting principles in light of the regulations, and said that "this is what the SEC is for," to make those determinations. And I loved how he said it isn't hard to detect fraud (in such cases).

Duh.

They still don't seem to get it.