The law requires that in financing deals such as these, shares are restricted for a minimum of 6-months. these rules were modified to prevent the abuses associated with spurious insider dumping of shares et al.
The 6-months allows for at least one public filing to disclose the issuance before sale.
Much ado about....much.
Oh, and BTW, forgery of a legal document is illegal any way you look at it.
like you, i don't fully understand what all the fuss is about. who placed the restrictions on the shares in the first place, if not M&M? they have majority voting rights, they placed the restrictions on the shares, so why can they not decide to have the restrictions removed?
Restriction terms and the length thereof are a matter of the law, not an optional choice of management.
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