From GRC letter to shareholders dated July 20 2007:
Q.'How will I get my new Global shares when they are registered?'
A.'When the shares are registered and able to be distibuted, our stock transfer agent (Olde Monmouth Stock Transfer CO. Inc.) will notify you and advise you as to the procedure. Basically, you will send in your Mobilestream or CRC certificate(s) and you will be sent back the new Global certificate(s) Your Mobilestream or CRC certificate(s) will be cancelled and, when we are finished, Mobilestream and CRC will be legally dissolved and cease to exist.'
From this I presume there will be no issue about lifting legends since the new GRC shares will be issued in exchange only when SEC registration is completed ie the new shares will be restiction free.Shareholders using a broker will,I would expect have the issue looked after by that broker.IMO