Sunday, August 19, 2018 12:21:42 PM
https://greatercannabiscompany.com/faqs/
July 11, 2018 Update
On July 9, 2018, the Company was notified that FINRA had passed on the Company’s Form 211 application and set July 10, 2018 as the date its stock would begin being quoted under the symbol “GCAN.” So what does a shareholder need to do at this point to sell their shares:
(i) If your shares are held at a broker dealer such as Etrade, Schwab, TD Ameritade, Scottrade, Interactive Brokers or any other online broker, you will need to contact the Company to ask them to place a “sell” order. The shares on deposit at the broker dealer have a restrictive legend on them that is to be removed with the “Effectiveness” of the Company’s Registration Statement and subsequent Post-Effective Amendment to the Registration Statement. The Registration Statement has a legal opinion which accompanies it opining on the shares. Each broker dealer may handle the transaction differently, but in short they will be required to send the certificate with the restrictive legend to the Company’s transfer agent and request that a new certificate without restrictive legend be returned. We highly recommend that you contact a representative at your broker dealer in an effort to help expedite the process. Most have been extremely slow in handling the transaction which has delayed trading.
(ii) If you are holding “in hand” the certificate issued in the stock dividend, you will need to send the certificate to the Company’s transfer agent and request that a new certificate without restrictive legend be issued.
Transfer Agent:
Pacific Stock Transfer
6725 Via Austi Pkwy, Suite 300
Las Vegas, NV 89119
(800) 785-7782
*Disclosure: My posts are solely for entertainment purposes; mainly my own. Do not take my posts as a recommendation or solicitation to trade any securities. Do your own Due Diligence (DD).
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