Yes, I know the S1 is effective. What I asked is how do you know Garnock's unregistered shares are now registered? I have seen no documentation on that at all.
It used to be illegal to sell unregistered shares. A few years ago, the SEC changed the rule to permit is in specific instances. I think Garnock fit the new rule and got unregistered shares. That 'might' be what Etrade is concerned about.
So, again, why do you think Garnock's shares are now registered?