Just wanted to update you that the growing group of attorneys ready to sign the request for rulemaking to eliminate the “evergreen” requirement in Rule 144(i) following the one year anniversary after ceasing to be a shell has just about finalized the document. I’ve gotten some great input from my colleagues, and we want to make sure that it’s right and has the full support of everyone signing it to have the maximum impact.
Given that Chairman Cox’s position given the current financial difficulties is not 100% certain, it is even more important that we get the request in very soon, and that is our goal. As soon as I send it in, we will post it here.
Thanks for your patience!