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Monday, July 27, 2015 2:26:32 PM
"Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restrictive legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and permit execution of the trade in the marketplace."
"To begin the legend removal process, an investor should contact the company that issued the securities, or the transfer agent for the securities, to ask about the procedures for removing a legend. Removing the legend can be a complicated process requiring you to work with an attorney who specializes in securities law".
Why....I'll bet ole' Eddie will just JUMP UP and have his TA remove that lock in exactly one year to the day. Yeah right!! I didn't mention Jorge doing it because we ALL know he won't be tied to the hip with Eddie by August 2016.
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