The company would also like to point out that existing shareholders will not be able to sell their existing shares for approximately 7-10 business days depending on how fast their brokers are able to provide them with their post-split shares. The company is urging all shareholders to contact their brokers right away and request that the broker send their shares back to the transfer agent as soon as possible so that the transfer agent can issue & mail out their certificates with the new CUSIP number and the additional 3% of shares
Think about it the broker has to send all the shares back and wait for the... the transfer agent can issue & mail out their certificates with the new CUSIP number and the additional 3% of shares
Im sorry the company is being very conservative with their estimates. I honestly think 2 weeks is what people can resonably expect, but hey we shall surely see when shareholders start posting when they get their shares cleared for sale...