Fernhill Beverage Inc (FHBC)

[ForReal]

And it could be never. See......

"Removal of Legend

The SEC states "The removal of a legend is a matter solely in the discretion of the issuer of the securities. State law, not federal law, covers disputes about the removal of legends." The SEC does not rule on whether the legend may be removed. While it is unlikely that the issuer and attorney will refuse to issue a written release if you have met the holding requirements, and further unlikely that the transfer agent will refuse to honor the written release, if this does happen the next step for you is to seek legal council experienced in Rule 144 stock matters.


In many instances, it would be cost prohibitive to hire a lawyer to sue to have a legend removed from a restricted penny stock. I've received spinoff shares in the past that never became free trading.

Not saying Buzzy or the Management of FHBC would do something like that, but because the holding period requirement has been met, is no guarantee that the "Restrictive Legend" has to be removed at a specified date.