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doogdilinger

05/08/19 2:15 PM

#83164 RE: BigBadWolf #83162

feel free to contact any brokerage clearing house that handles clearing of certificates regarding OTC tickers



And especially the clearing firms compliance department rules on clearing consultant shares on full SEC Reporting Companies right Wolf Man:)
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TenKay

05/08/19 2:26 PM

#83170 RE: BigBadWolf #83162

In this day and age shares issued for services are restricted but can use the 144 holding period exemption to become free trading. That means holding six months for an SEC filer.

What the issue usually is for removal of the restrictive legend is determining when they were “fully paid for”. That is usually when the work is completed even if the shares were issued prior to that.

“Consultants” don’t have to wait two years.
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SooS416

05/08/19 2:45 PM

#83182 RE: BigBadWolf #83162

There is a paper trail just as there is a trail for shares issued to employees, there is a legal document created detailing the price the shares were issued, for what amount issued and what the vesting requirements are.