Cellular Biomedicine Group Inc (CBMG)

[richrichrich]

I'll tell you something. I just found out something a few days ago, with a totally different penny stock "spinoff". After waiting a whole year in restriction, I thought I'd finally follow through with the process of getting the shares "tradeable". Avoiding the expensive Fidelity "fees" associated, with having them do the unrestricting "process" for me, I decided to do it myself, by mailing the stock certificate to the transfer agent, along with a check for the transfer agent's small "charges"......The transfer agent called me a few days later, to inform me that to unrestrict the shares, it would require a "letter of approval", from an attorney. After checking into how much that would cost me, I decided to just put the whole thing "on hold". It would cost anywhere from a couple hundred bucks, to 500 bucks, depending on who I choose for an attorney.....This is a cruel "trick" that is played, by the company who "released" the spinoff. Most penny stocks "play" this trick, since it is a way of making it near impossible to get the shares unrestricted, unless you own a whopping amount of shares, and are willing to take the loss, to get the shares tradeable.....I don't see anything different here, with EBIG and its spinoffs. I believe we're all waiting for the IPOs to happen, only to be greatly dissapointed, when it comes time to get the spinoff shares "tradeable"......Wait and see, everyone......