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love that "rookie mistake" comment :(
$PACV ask price is $0.0068 before hours so maybe it will hit that high today :)
Call a Transfer Agent directly. I've talk to him today.
Jason M. Bogutski ~ President
Signature Stock Transfer, Inc.
14673 Midway Road ~ Suite 220
Addison, Texas 75001
Telephone 972.612.4120
Brokers are correct :(. I know it sucks. Problem is with Fernhill they keep those shares for ages
I have filled all the paperwork, paid $150 research fee for Etrade, then after 6 months I have been told that have to pay $225 for Transfer Agent for reissuing new unrestricted shares. I spoke to TA in January and today. His answer was that Fernhill till today didn't release blanket order for those unrestricted shares. So as always Buzzy and his friends are playing. They gave as spinoff shares, but if they never will issue new shares unrestricted nothing will happen :(
This is original email from TA from January 23 2018
"
These shares from the distribution are restricted and held between 6 to 12 months. We will need to remove the legend in this case (if this a reporting company) the physical certificate presented to my office with a letter of instruction by a broker with 144 paperwork, a opinion letter, a sellers/brokers letter and the processing fees of $60.00USD per certificate you are requesting back, $15.00USD per certificate you are presenting and $150.00USD for the legend removal.
Upon receipt of the above we will apply for the release with the issuer/their att! orney.
_____
If you are looking for a restricted share breakdown leaving the new shares restricted then we will need the physical certificate presented to my office with a letter of instruction by a broker, and the processing fees of $60.00USD per certificate you are requesting back, $15.00USD per certificate you are presenting and $75.00USD for restricted to restricted transfer.
Terms - (FINRA approved) - For Every 10 shares of the! parent company (V Group, Inc. - VGID - cusip 9182! 25 10 3) on the record date the shareholders will receive 1 restricted share (standard 144 restriction) of the spinoff company (Fernhill Beverage Inc. - FHBC - cusip 315218 10 7). All fractional shares are rounded up to the next whole share.
Record date ** 6-10-2016
Payable date ** 1-27-2017
Etrade said $150 is for research why the shares are restricted -bull, I have told them that I have letter from Transfer Agent with full explanation, I can email to them. I made search on my own, but they want your $150 and they will not accept that letter from TA I have. It has to be their TA's letter. They just want your money :). So without that research restriction is not going to be removed in 6 months or 1 year or 50 years scavengers :(
FHBC Restricted shares
A letter from Transfer Agent about restricted shares
**Please see below, note you will need to contact your stock or investment broker to see how long it will take for the restricted shares to appear in your account:
Terms - (FINRA approved) - For Every 10 shares of the parent company (V Group, Inc. - VGID - cusip 918225 10 3) on the rec ord date the shareholders will receive 1 restricted share (standard 14! 4 restriction) of the spinoff company (Fernhill Beverage Inc. - FHBC - cusip 315218 10 7). All fractional shares are rounded up to the next whole share.
Record date ** 6-10-2016
Payable date ** 1-27-2017
_____
The restriction is a standard 144 restriction for all shares from the spinoff and will require 144 paperwork after six months of holding the shares and for the shares to be presented by a stock or investment broker between 6 to 12 months. Please contact your restricted department if you have questions or email me if you have a question regarding the restriction.
There is not a blanket release on file for the shares.
COPY OF 144 LEGEND: The shares represented by this certificate have not been registered under the Securities Act of 1933 (the "Act"), and are Restricted Securities as that term is defined in Rule 144 under the Act, and requires written release from either the issuing company or their attorney prior to legend removal.
_____
Thank you and please note our new address below.
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
14673 Midway Road - Suite 220
Addison, Texas 75001
Telephone 972.612.4120
A letter from Transfer Agent about restricted shares
**Please see below, note you will need to contact your stock or investment broker to see how long it will take for the restricted shares to appear in your account:
Terms - (FINRA approved) - For Every 10 shares of the parent company (V Group, Inc. - VGID - cusip 918225 10 3) on the rec ord date the shareholders will receive 1 restricted share (standard 14! 4 restriction) of the spinoff company (Fernhill Beverage Inc. - FHBC - cusip 315218 10 7). All fractional shares are rounded up to the next whole share.
Record date ** 6-10-2016
Payable date ** 1-27-2017
_____
The restriction is a standard 144 restriction for all shares from the spinoff and will require 144 paperwork after six months of holding the shares and for the shares to be presented by a stock or investment broker between 6 to 12 months. Please contact your restricted department if you have questions or email me if you have a question regarding the restriction.
There is not a blanket release on file for the shares.
COPY OF 144 LEGEND: The shares represented by this certificate have not been registered under the Securities Act of 1933 (the "Act"), and are Restricted Securities as that term is defined in Rule 144 under the Act, and requires written release from either the issuing company or their attorney prior to legend removal.
_____
Thank you and please note our new address below.
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
14673 Midway Road - Suite 220
Addison, Texas 75001
Telephone 972.612.4120
This is an email from Transfer Agent I have received few minutes ago
**Please see below, note you will need to contact your stock or investment broker to see how long it will take for the restricted shares to appear in your account:
Terms - (FINRA approved) - For Every 10 shares of the parent company (V Group, Inc. - VGID - cusip 918225 10 3) on the rec ord date the shareholders will receive 1 restricted share (standard 14! 4 restriction) of the spinoff company (Fernhill Beverage Inc. - FHBC - cusip 315218 10 7). All fractional shares are rounded up to the next whole share.
Record date ** 6-10-2016
Payable date ** 1-27-2017
_____
The restriction is a standard 144 restriction for all shares from the spinoff and will require 144 paperwork after six months of holding the shares and for the shares to be presented by a stock or investment broker between 6 to 12 months. Please contact your restricted department if you have questions or email me if you have a question regarding the restriction.
There is not a blanket release on file for the shares.
COPY OF 144 LEGEND: The shares represented by this certificate have not been registered under the Securities Act of 1933 (the "Act"), and are Restricted Securities as that term is defined in Rule 144 under the Act, and requires written release from either the issuing company or their attorney prior to legend removal.
_____
Thank you and please note our new address below.
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
14673 Midway Road - Suite 220
Addison, Texas 75001
Telephone 972.612.4120
Just called an TA
Transfer Agent
14673 Midway Road - Suite 220
Addison, TX 75001
972-612-4120
signaturestocktransfer@msn.com
very nice person, explained restriction. Shares are restricted from sell for 6 month from date of distribution that he is going to email me. Said that FINRA screwed something in the process so this is why we wait so long. FINRA send apology letter to them. Regarding "activating" shares after 6 months I've been told that I have to apply personally to my broker for taking off restriction. If I will not this shares going to be restricted forever. In short you as a recipient have to remember about it. But you have to know distribution date.
On Fernhill message board I have found answer or at least something
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128386885
"Apparently the people getting the spin off shares of fhbc from vgroup are getting restricted shares and they can't sell them f0r at least 6 months. I believe that is six months from Jan 27,2017 which would be July 27, so I wouldn't worry about them selling off and driving the price down to .0005 anytime soon. "
does anybody knows Transfer Agent's phone so we can find directly at a source :)
maybe Buzzy can tell us about restrictions on those shares ?
Can anyone find out about restrictions of those shares Etrade wants $150 dollars for doing research on it. Can be time frame or anything else. Because if I want to sell them I can't. This is what agent told me, telling at this same time that he doesn't know what kind of restriction is tied to those shares
when they loose value :(
I have just got my shares :)it shows number 315992115 with mouse over shows Fernhil Beverage Inc Restricted
Before 4 pm stock went up 900% :) I love it
ACOL something weird going on before opening bid price $0.0001, ask price $0.0096 what a spread
Something is going on :) 100% gain today. Check this out
https://www.youtube.com/channel/UCy6cbOBL89UpZEC5tKlyeBg
I sold everything just lost on commissions, bye BUZZY
it is third time he is doing this :(
I used this access code, it says incorrect :(
what is access code for this CC ? anyone, please>
last CC he made from playroom of his kids, you could hear them in background, so it was weird, you wish to be treated with some respect :), but this is OTC so you can expect everything
A rep from Etrade said one thing even when Finra is going to approve spin-off CEOs can change their mind in last minute and you will get zilch :( and nothing you can do :(. So when we're calling our brokers and sharing those news from them, we are pumping pps and this this could be a game of those company owners. I have few mills of shares of VGID so I wish like everyone around to get some of FHBC
when I called Etrade reorganization dept, they confirmed that spinoff they have all info, but what I have been told that decision can be changed. So if etrade will not get spinoff shares from TA, I'm not going to get them :(
you have to ask for reorganization dept, this is what I did with Etrade. They have all the news and they are saying yes :)
something phishy ask is $0.0005 but bid went to $0.0003 from $0.0004. They don't want us to sell our shares :(
I just spoke to Etrade Re-organization Dept. Rep same story as Fidelity, they have got update as of 04/14/16, but it can take up to 30 days to get anything if any, so somewhere in May :(. And if CEO will change his mind the procedure can be stop at any time :(
10:1 for every 10 shares of VGID you will get one share of Fernhill Beverage (FHBC) at least what what they promised
I had just completed chat with Etrade reorganization dept rep. Yes everything is going into right direction
"
Question:
Hi, can you check with your reorganization group to find out any information in regards to spinoff shares of FHBC (Fernhill Beverage) to shareholders of VGID (V Group)
..........
Ben Y:
Thank you for contacting E*TRADE. My name is Ben Y. I will be happy to assist you today.
Ben Y:
Thank you Darek.
Ben Y:
I'm checking now. It will be a few moments.
You:
ok
You:
thank you
Ben Y:
I am still checking.
You:
ok
Ben Y:
I will check with you periodically until I have the answer.
You:
ok I will stay
Ben Y:
Thank you. We are checking on the answer, as we speak.
Ben Y:
I found some additional information:
Ben Y:
The payable date for this event is pending.V Group shareholders will be receiving Fenhill Beverage, Inc. shares.Announcement information received from the Company.
You:
Fidelity Brokerage informed their clients that they received information from the issuer about this spinoff
Ben Y:
03/15/2016) The issuer anticipates that their event will be finalized in about 10 days. However, this could change.
Ben Y:
From the information that we have, the issuer is still in the process of finalizing the distribution of the event. They are looking to get this completed within 30 days.
You:
so we have to just wait ?
Ben Y:
Yes. We are waiting for the company to complete the corporate action.
You:
which VGID or FHBC ?
Ben Y:
Shares of FHBC will spin off to shareholders of VGID.
You:
Fernhill has to complete their action ?
Ben Y:
Yes, You will receive shares of FHBC, since you had shares of VGID.
can you see your shares :), because I don't see my shares :(
Fernhill Bid (Size) 0.050, Ask (Size) 5.25 Last Price 1.50
I had a conversation few minutes ago with Etrade agent. He checked and confirmed that info about shares distribution by VGID. Everything is in Depository Trust & Clearing Corporation
Capital-DTCC, it is dated 2/10/16, but as in a process, so results are unknown. So it is legit and in the process :).
I've got phone number for DTCC for shareholders it's 888-382-2721
unless Buzzy is traveling on Google Maps :(
http://otce.finra.org/DailyList nothing on FINRA website :(, nothing about VGID or FHBC, I'm getting upset
It will be cool to see Fernhill shares going up, but nobody get them yet from VGID :(
Etrade same thing, no any info about spin off :(
OK case closed, we are moving to next one:)
Fernhill is not new on market, previous symbol MFOV, before it changed to FHBC, and to clarify, we are not expecting to get free money, actually we invested into VGID and this is supposed to be result of our action. So I paid my share :)