H Quotient, Inc. (fka HQNT)

[healthstocks]

ccvmax,
If the shares delivered for the dividend are the 2-year restricted shares mentioned in the PR then the answer to the question you asked "those coming shares will be restricted, correct... so we can’t sell them even if we wanted... am i right?"
is yes.

I'm not aware of the specific details of this dividend, but in most restricted share deals the stock owner receives stock certificates with a restricted legend stamped on the back. The legend basically says the shares cannot be sold until the legend is removed by company counsel.

Once the restriction time has passed then the securities attorney for the company can write an 'opinion' letter that allows the stock transfer agent to remove the legend from the certificates, and the stock to be sold.

In this case that time of restriction removal will be very interesting. As the PR indicates there are 6 million shares of SNDH available in the open market today, but 20 more million will become available when the restricted shares can be sold. I have no idea what that means for the share price of SNDH – but it will be interesting.

I’m not an expert on these things so my opinion expressed above could be way off, but a lot of large companies are now issuing restricted stock to employees instead of stock options – so if you google “ restricted stock opinion letter” there is a lot of information available on this subject.