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Re: latch1 post# 2822

Monday, 02/23/2015 7:32:02 PM

Monday, February 23, 2015 7:32:02 PM

Post# of 13394
Latch 144 share certificates issued for service fees are restrictive. Once certificate is issued with a date they must hold for 12 months before the Co. attorney letter is issued to transfer agent to reissue the certificate that's tradable. When you do finally get the stock certificate with no restriction the real trick is find a way to sell the shares. Most stock brokers today will not accept and deposit stock certificates in a trading account unless the stock is trading over $1.00 per share that's one dollar even if you already have trade funds in your account.
There's only a few penny brokers that will file the massive paperwork to verify the certificate is legitimate and if they do you must pay big upfront fees. Then you are at their mercy because these low end brokers don't allow you to trade your our shares online. You must call them pay high sales fees and hope they sell for your ask and not dump shares like most do as why s/p drop so fast for most penny stocks when these brokers control large share pools. I know because I've been down that road before with another company when I was paid with 144 restrictive cerificates for consulting work. When you see big sell days stock brokers, we also call mm are dumping shares for their clients. So for LLLI the big guestion when are most of these shares available for trading. We will never know??
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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