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Wednesday, April 12, 2023 6:03:12 PM
It's about $1,000 upfront for their legal team to verify that the shares are yours and there are not any (Legal) problems.
Providing Xalles provides the Opinion Letter, there's no cost there.
For commissions, it starts with a $35 ticket fee. Then it's 3% plus 50 basis points for stocks under $5. They won't touch anything under a penny. Almost standard across the board these days.
Wilson Davis also can not be more than 50% of the daily volume across all their brokers.
For the comment, "the restricted share owners are just being patient". I wouldn't quite put it that way. I would say that our hands are tied behind our back, some are patient and some are definitely NOT....
The Long and Short of it. When the stock price is reflecting the value of the company and solidly above a penny, restricted holders will be starting the process of getting them out of the transfer agent and to the broker.
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