Replies to post #2533 on US Energy Initiatives Corp (USEI)

[JLPTNG]

And if you continue:

Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met?

Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.

Even more restrictions, you think the Transfer agent would remove the legend, or even the Lawyer to give an opinion letter - or even better, the company giving consent - not likely - seems like these shares are locked up! Solid thanks again for clarifying!