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Walker

09/25/07 9:49 PM

#22330 RE: Manti #22327

True, I personally see it as a buying opp. Watching and waiting.
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zguy

09/25/07 9:55 PM

#22332 RE: Manti #22327

Manti, that is not how restricted shares are "liquidated" so to speak. After the 2 year holding period the 144 restricted certificate is returned to the Transfer Agent to be converted to a free trading certificate. The new certificate (minus the 144 imprint) is then sent back to the owner of the certificate. The owner of the certificate can then either put it back in his/her own safe keeping or submit it to a brokerage to be placed in an electronic trading account. Once in the electronic trading account it is treated and traded like all other shares in the account. Meaning, no special deals and AH under market prints... they are sold exactly like you would sell any other stock in your account.

That is the way it is done. If you know of a different way that somehow allows a person to sell a 144 restricted stock into the market as free trading without waiting the 2 year period or even transferring it out of their name please do tell! hahaha

(oh, I am aware of certain cases where it can be sold after 1 year but it is extremely limiting and anyone who knows about this 1 year criteria will agree what we are seeing is not that)