 The amendments became effective on February 15, 2008, and will apply to securities acquired before or after that date.Rule 144 regulates the resale of "restricted securities" and "control securities" by establishing certain conditions that must be satisfied in order for the resale to be exempt from the Securities Act registration requirements pursuant to Section 4(1) of the Securities Act—a safe harbor from "underwriter" status for the selling security holder.The conditions include the following