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osten55

09/13/14 6:24 PM

#29868 RE: CAYO #29866

Mike, is there another way to be able to trade your restricted shares? Like transferring them to another account? Have you looked into anything like that?
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MikeLandfer

09/13/14 6:45 PM

#29869 RE: CAYO #29866

I honestly have no idea and the closest thing I have to a "source" is www.google.com. Only thing I can say with some confidence is that the 90 day deadline is sept 17th and if they could meet that deadline they most likely would. Once it goes past that due date I will have to put my DD hat on again and find out what the next steps are for lifting the CTO.

As for looking into transferring restricted shares, I have looked into it however not in any serious manner. The answer is Yes, I think technically you could transfer your shares anywhere you want so long as the brokerage is willing to accept the shares. However I don't believe I'd be allowed to trade them from Canadian soil, I would have to be a US citizen to transfer them to a US account under my name and trade the shares legally. I'm not 100% on this as I'd have to contact a lawyer, so far SEGI has lead me to believe they are trying to lift the CTO and are taking the steps required so I feel no need to pursue that at the moment. I believe in people and I think he deserves the chance to rectify this. I just like to know what we are up against so if we do miss the deadline I'll probably pursue information on specifics on how that effects the company and take it from there. It's always nice to have a message board to share thoughts.

Have a good weekend guys!