InvestorsHub Logo
Followers 12
Posts 541
Boards Moderated 0
Alias Born 06/19/2010

Re: Modern_Rock post# 50521

Saturday, 06/19/2010 3:46:48 PM

Saturday, June 19, 2010 3:46:48 PM

Post# of 312025
Try selling your Pipe Holdings. You will have to jump through hoops to do it. I tried to get the legend (restriction) removed from my stock so I could sell it if I wanted. According to Jaclin Anslow, attorneys that handled the pipe, the restriction is actually lifted 6 months from the date you subscribed to the PIPE. Its not necessarily July 1. I subcribed Dec. 18, 2009 so theoritically my restriction is lifted as of June 18. It will cost me $200 at my Canadian brokerage firm for them to start the process and an undisclosed amount from Jaclin Anslow and about 6 weeks to get the restriction removed. Then I have a 90 day window to sell the stock. If not sold within that 90 day period, I have to start the process over.
I doubt 8 million shares will be sold on July 1 as suggested.