Had to revisit this. If I read the following correctly, the only way those 2017 dividends (and Jake's shares??) can become tradable is by the Transfer Agent removing the "Legend"? However, the transfer agent must FIRST obtain a letter from a Tilton lawyer saying they can be traded. Until then they CAN'T be traded.
Even if you’ve met all the conditions of Rule 144, you still cannot sell your restricted securities to the public until you’ve had the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won’t remove the legend unless the issuer consents—usually in the form of an opinion letter from the issuer’s counsel to the transfer agent.
It's been over FOUR YEARS! And the way I read that it is up to TILTON to get them shares tradable by having an attorney contact the TA. (Wonding why hasn't he if HE is the one to do it?)
IS that correct? Or?
My posts are just my OPINION(S) and MUSINGS at the time of posting them and are subject to change.