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[QUOTE]Originally posted by metal1: [QB] as far as i can tell from the old press release it's not a one year restriction. these are unregistered securities and will remain restricted until they are either registered or they get a legal determination that they get an exemption from registration. I can't see either of those things happening which is probably why brokers don't want to hold the certs. i have been wrong before though. http://biz.yahoo.com/iw/060629/0140620.html from this release: The Merger Agreement provides that the Merger Shares will not be registered under the Securities Act, or the securities laws of any state, and absent an exemption from registration contained in such laws, cannot be transferred, hypothecated, sold or otherwise disposed of [b]until; (i) a registration statement with respect to such securities is declared effective under the Securities Act, or (ii) PAIVIS receives an opinion of counsel for PAIVIS that an exemption from the registration requirements of the Securities Act is available.[/b] [/QB][/QUOTE]
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