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Re: SoonerBrn post# 801

Friday, 11/12/2010 5:17:55 PM

Friday, November 12, 2010 5:17:55 PM

Post# of 1453
1. I'm not an affiliate.

2. An opinion letter is not a problem. "Issuers permission" only means their acknowledgment that the shares are real...and if they are not, then the TA and Issuer have other issues to deal with.

3. My post was sarcastic...there are a lot more than a "few million" shares out there. We both know that.

I know the SEC won't step in to help free restricted shares, they don't care at all. I simply meant that, if something else is going on between the TA and issuer, then the SEC gets involved. So, like my post said. As long as you produce proof of ownership of the shares (along with an opinion letter) and you hold the shares for one year, the restriction is lifted.

This is not my first rodeo...

Either way, the PPS doesn't matter...in fact, the lower it is the better...easier to buy more shares to cash out at $6, right?
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