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Re: fourkids_9pets post# 188859

Friday, 06/29/2012 12:19:52 AM

Friday, June 29, 2012 12:19:52 AM

Post# of 312101
Apologize but I thought you followed the posting string that provided that information since I was deconstructing your original assertion...

hmmm >> ok >> just exactly how is that achieved (process)

specifically



Pretty straight forward process:

1. Share certificates (certs) with restricted legends are deposited with a broker.
2. Client fills out appropriate forms to get the legends removed.
3. Broker contacts corporate counsel and/or TA.
4. Broker gives client the ok to sell.
5. Client sells shares. At the time of sale, certs are still at/or between the TA and the broker (some cases broker sends certs to TA before a sale, sometimes after a sale).
6. At this point the sale is reported as a FTD.

#msg-76800288

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