Flexpower Inc. (FLXP)

[ratso1]

My understanding is that you will have to hold the paper certificates for the restricted time period, either 6 months or a year. Unfortunately, management has chosen not to inform the shareholders of the restriction, even after this late date.

After the trade-restriction time elapses, the shares do NOT automatically become free trading. You have to get an opinion letter from an attorney. My research shows the going rate for that service to be somewhere between $200-$250. The attorney forwards the paperwork to the TA, where the legend is then removed. The TA can assess a charge for this service.

Finally, the shares are then forwarded to your broker and they then become free-trading. Depending on your level of service with your broker, you may be assessed a fee there, as well.

In this day of e-trading, the process couldn't be more cumbersome or expensive...