KRTL Holding Group Inc (KRTL)

[nsomniyak]

It is entirely up the the company, but in general companies file the registration to remove the restriction on or immediately after the first date this is possible. In other words, if XXXX issues restricted shares today with a one-year restriction, they would file the registration on or just after 6/16/23.

However, this is not automatic, as the company actually has to do that filing.

The reason that they almost always come off restriction right at the expiry of the originally stated period is that this is the expectation of the parties who took those restricted shares in the first place, and if a company does not do the registration in a timely fashion then it is pretty certain that company will never be able to issue restricted shares again as no one would accept them.

I do not know when the QENC restricted shares were issued or for how long they were restricted - you can look that up in the filings.