InvestorsHub Logo
Followers 10
Posts 761
Boards Moderated 0
Alias Born 05/29/2010

Re: jokinjoe post# 45728

Wednesday, 06/22/2011 8:22:48 PM

Wednesday, June 22, 2011 8:22:48 PM

Post# of 48930
That is the way it USED to be, but over the past several months things are a bit different with these R/S's. I have two instances over the past 4 months of R/S shares being frozen for about 2 months before being released. Reason? Apparently, there are a whole bunch of Pink Sheet stocks that require physical paper certificates to be delivered. They cannot deliver them electronically and it is dramatically slowing the whole process down. So, if we are about to R/S probably best to walk away and come back in about 2 months because it WILL take that long now. It happened with MMUH and it is happening right now with CBAI who's R/S took effect on 5/9/11 and shares are still frozen even after the "D" was dropped awaiting physical delivery of new shares.

Speaking the truth in times of universal deceit is a revolutionary act. ~ George Orwell