Founders Bay Holdings (FDBH)

[janice shell]

Does your certificate have a restrictive legend on it? (It'd probably be on the back.)

If so, you'll need to get a legal opinion from an attorney stating that the stock is eligible to have the legend removed. You'll need to send the letter to the company, the transfer agent, and your broker, along with additional paperwork.

The best way to proceed might be to contact your broker first. Explain the situation, and ask what to do. They may recommend an attorney. Be sure also to ask about costs. The attorney will charge anywhere between $300-$500 for the letter. And then the TA will charge a fee--but a smaller one--to exchange certs. With luck, once the stock is freed up, the TA will be able to DWAC it into your account, rather than send you a new cert that you'll then send to your broker.

And before you start, add up those costs and consider whether they're worth the expense. That was a very big reverse split. Also, make sure your broker will accept the stock for deposit in the end. Some brokerages are getting very picky about that.