Replies to post #249293 on NanoTech Entertainment Inc (NTEK)

[Sleepy2016]

There is no brokerage in existence that would accept restricted shares for deposit before the one year holding period.

What about stock issued for services rendered? The restriction period on those began when the service was performed, not when the stock was issued.

This loophole is often used by dishonest promoters to receive "restricted" stock that are immediately eligible to have those legends removed and become free-trading.

[Zorax]

Simply wrong.

Sorry.

[integral]

First off, restricted stock can be held on deposit at a broker dealer in "legal safe-keeping"

Also, Rule 144(d)(3)(ii)

(3) Determination of holding period. The following provisions shall apply for the purpose of determining the period securities have been held:
(i) Stock dividends, splits and recapitalizations. Securities acquired from the issuer as a dividend or pursuant to a stock split, reverse split or recapitalization shall be deemed to have been acquired at the same time as the securities on which the dividend or, if more than one, the initial dividend was paid, the securities involved in the split or reverse split, or the securities surrendered in connection with the recapitalization.
(ii) Conversions and exchanges. If the securities sold were acquired from the issuer solely in exchange for other securities of the same issuer, the newly acquired securities shall be deemed to have been acquired at the same time as the securities surrendered for conversion or exchange, even if the securities surrendered were not convertible or exchangeable by their terms.

Ooops!!!