Replies to post #57945 on SOHM Inc (SHMN)

[Myth]

So you're saying that anyone who has worked for the co, received restricted shares as payment, can't go through the process of having the legend removed and putting those shrs in a brokerage acct to sell them ?


How about Wilson Davis ?

Wilson Davis and Company
866 733 399

[Myth]

" This means the shares were issued with a restricted legend (they haven't been registered). Generally speaking, they can't do squat until the company is both current on its financials *and* the shares have been held for a minimum of 12 months "

so now they are current, the shares have been held well over 12 months, what does the co need to do now to allow someone with restricted shares to sell them ?

I've never heard of a situation like this....the biggest issue I was aware of is how one got their shrs, in other words a contract of some sort with a co. In other words proof that they were paid for services, not just given the shares.