I sort of need a miracle, for I'm a foreigner stuck with my extremely illiquid shares of the shell $GPGD (which do have value and not exactly pocket change) which "currently lack a transfer agent" as it (National Stock Transfer Inc.) was shut down in September. Yesterday I looked into Schwab, just to notice foreign investors need a staggering $25,000 to open an account, which is "a little" out of my possibilities.
In short,
- Zecco doesn't allow me to sell more than 10% of 20-day Average Daily Volume, (almost nothing), and I have to place trades via phone (in my case making international calls with a cell phone which cost me more than $1 per minute), and paying certificate fees which would far exceed the sale proceeds.
- I can't transfer them to any other broker, for they either don't take in pennies, or do not apply to foreign investors, or (in the case of Schwab) they ask you the moon to open an account.
What's next? What can I do there?