W2007 Grace Acquisition I, Inc. (fka WGCBP)

[brokerstip]

Thanks for the quick response "P".

It is not the account custodian that is the problem.

The Grace Preferred is the B pfd and for some reason it was designated as 144 stock. That means it has a restrictive legend that has to be removed before the shares can be delivered in good order.

Computershare is the transfer agent.

They acknowledge that there is 144 grace Pfd. stock.
They do not know the who ,what, where, when how and why?
They have a blanket legal opinion from the company which will permit the removal of the restrictive legend.
My custodian needs to deliver the CERT to Computershare and they will process and return a clean cert that can be delivered in good order should I sell.

Calling Grace Acq. is futile. They do not return phone calls.

Was wondering if anyone was familiar with the 144 restrictive legend. I am at a loss as to why this was done.

Thanks again

The Tip