Pershing Gold Corp fka PGLC

[nbm16yankees]

Rgarding your post regarding restricted stock from last week:
Thank you for your very informative post.
Let me paraphrase your comments to see if I understand this.
#1) In order to clear the restriction, I must sell the shares..(so this is really beneficial to the next person buying the shares and not ME!)
#2) I must complete a sellers representative's letter and a stock power properly signed and received by broker before I can sell.
#3) TD Ameritrade is arranging for individualization of each person's stock certificates and is paying for such.
#4) If I choose to sell, the transfer agent may or may not issue a legal opinion. (Don't they know if their stock is any good? What is the need for a legal opinion? What purpose does it serve?)
#5) I will have to pay a $250 processing fee to sell any shares of this 39 cent stock?
#6) I will have to pay a commission to sell also?
#7) And I will have to designate $2,000 in my account to cover expenses. What expenses would that be and how much will they be?
#8) Why is Pershing putting the shareholders thru this when they could just arbitrarily lift any restrictions? Aren't they the ones that place them?
Thanks in advance for any additional insight