" This means the shares were issued with a restricted legend (they haven't been registered). Generally speaking, they can't do squat until the company is both current on its financials *and* the shares have been held for a minimum of 12 months "
so now they are current, the shares have been held well over 12 months, what does the co need to do now to allow someone with restricted shares to sell them ?
I've never heard of a situation like this....the biggest issue I was aware of is how one got their shrs, in other words a contract of some sort with a co. In other words proof that they were paid for services, not just given the shares.
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