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Stockholder plans Rule 144 sale of 161,010 GEDC shares (OTCQB: GEDC)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

A shareholder of GEDC has filed a Rule 144 notice to sell up to 161,010 common shares through broker Wilson-Davis, with an aggregate market value of $50,000.00. The shares are listed on the OTCQB, and the approximate sale date is 12/11/2025.

The notice states that 25,730,540 shares of this class were outstanding. The seller acquired the common shares on 12/26/2023 via an Exchange Subscription Agreement with the issuer, funded by wire/check payments made on 02/19/2021, 04/22/2021, and 07/01/2021 for blocks of 49,003, 98,004, and 49,003 shares.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

How many GEDC shares are planned to be sold under this Rule 144 notice?

The notice covers a planned sale of 161,010 GEDC common shares with an aggregate market value of $50,000.00. These shares are to be sold through broker Wilson-Davis on the OTCQB, with an approximate sale date of 12/11/2025.

What is the total number of GEDC shares outstanding mentioned in this filing?

The document states that 25,730,540 shares of the relevant GEDC class were outstanding. This figure provides context for the planned Rule 144 sale of 161,010 shares, helping readers understand how the proposed sale compares to the total share base disclosed.

How and when were the GEDC shares being sold under Rule 144 originally acquired?

The common shares were acquired on 12/26/2023 through an Exchange Subscription Agreement with the issuer. Funding came from wire/check payments on 02/19/2021, 04/22/2021, and 07/01/2021, covering share amounts of 49,003, 98,004, and 49,003, respectively.

Which broker and trading venue are involved in the planned GEDC share sale?

The planned sale will be executed through broker Wilson-Davis, located in Salt Lake City, Utah. The filing lists the trading venue as OTCQB, indicating that the 161,010 GEDC common shares are expected to be sold on this over-the-counter marketplace.

What does the seller represent about GEDC’s information in this Rule 144 notice?

The seller represents that they do not know any material adverse information about GEDC’s current or prospective operations that has not been publicly disclosed. This representation is part of the required attestation when signing the Rule 144 notice for the planned share sale.
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