capitalismforever,
While the restricted period is a year, it takes an actual effort and filing to remove the Restricted Legend from the certificate and enable it to be free-trading. That involves what I addressed earlier with the SEC filing to show compliance with Rule 144. That applies to any of the restricted shares issued under SEC Regulation D, Rule 506 private placement and any shares issued to officers or as non-cash compensation to employees, contractors, and others.
The Restricted Status remains until the request for change is filed with the Stock Transfer Agent and the earlier-stated conditions are met. If one chooses to hold their certificates for five years, they are still restricted until they're submitted to the Transfer Agent for conversion to unrestricted. Have you never been involved with a Private Placement offering for a penny stock? With $35 million I assumed you had.
As for value of the shares to a bank as collateral for a loan as you've cited more than once, there is no value. The Nanologix shares are not registered and do not trade in a recognised market such as Nasdaq, Amex, or NYSE so there are no banks that would recognise them as collateral. Most banks would not recognise them as even comprising a component of net worth.
EI
News 
Market Data 
Discover 
