Greene Concepts Inc (INKW)

[tarkless]

Hey Jazz!

The acceptance of physical stock certificates is at the discretion of the broker itself, they all have different rules. As you say, Schwab and most mainstream discount brokers have the $3 to $5 minimum share price restrictions. Some wont accept penny stock certificates at all.

This is a shame because most of the restricted share offerings from penny stock (OTC) companies have to go through a process to get unlocked that involve you having to get physical certificates from your brokers, getting the "restricted" legend removed from them, and then re-depositing them with a broker.

I think what most of us with any restricted shares will need to do is find a broker that DOES accept physical certificates for penny stocks. They do exist.

It does cost money though, about $600 from start-to-finish (per certificate) for the receiving broker to deposit the physical stock certificates into the account.

Here is a broker that will accept penny stock certificates as long as they are "current" with their filings and trade at over $0.01

http://www.glendalesecurities.com/certificatedeposit.html

I'm not sure if the company that issues the shares (in this case LKEN) are able to assist in any of this, by issuing the physical certificates themselves, or if they have access to a receiving broker who would do it free or cheap or anything like that.

I think getting a full and detailed "how to get your restricted shares unlocked" guide from the company would be a very useful thing for all involved...both legacy dividend holders and new 506 offering holders.

I hope this helps :)