Will all respect you are missing the point, which effects also overall why CGFI has such financing problems.
It really is not an issue of what restrictive legend is on the certificate, and no the broker didnt laugh as he knew the issues straight away ( which some brokers of large companies dont).I already wrote the reasons most brokers cant take such securities - even if free trading - and in particular with a DTC chill.This is an industry-wide issue even with penny stocks without a DTC chill.The broker did not ask at all what the restrictions were because the first issue is whether he could take the stock even if free-tading.
There is one firm in NY that advertises they can take such stocks, they charge $600 even to review if they can take. The DTC chill makes it very difficult and expensive for a broker to take these stocks in certificate form.Clearing firms set minimum prices. Scotssdale also advertises they can take such stock for a fee, I dont know if they could clear this stock.
In any case this whole issue highlights one of reasons why CGFI has had problems financing itself. And if you can find a broker at e-trade who will let you take that stock into your account and it can be traded, by all means let me know !
