It is my understanding that the transfer agent handles the share conversion and not all agents are of the same quality. Penny stock companies do not have the money needed for good book keeping and that is why it is taking so long. What is happening here would be a major embarrassment for a company like CITI that just went through a RS. I have been through a few RS with companies but never a lock out period. I have Etrade and know they have received numerous call regarding CBAID and no shares. I am sure Matt is well aware of this situation and would think he would put out news explaining why his transfer agent has dropped the ball.
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