DD shown this is what Jerrys done in past deals. And ends with a BK. Maybe why Jerry has asset in his personal name. Once more investors and lender lose. Just my opinion
The shares can't be tied up for years - that is complete nonsense.
It has to do with the number of shares that can be sold at one time.
This sounds like the 3 (a) (10) scam - where the note holder sues the company and it is quickly settled and in the settlement agreement the shares are unrestricted and free trading.