Replies to post #27456 on Grapefruit USA Inc (GPFT)

[dayneyus]

I think you are wrong Restricted shares are issued with a restricted notation. The restriction is removed by having Legal Council provide an opinion, the certificate bearing the restriction are sent to the Transfer Agent along with a Form 144, then TA sends the new unrestricted certs to a broker or back to the shareholder. May be some variation on the process but generally that is it. the shareholder must then file a From 4 on sale of the shares.