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Has anybody received an info on these dump retricted shares yet?
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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Don't know anything about it. I'm assuming you were issued restricted shares at some point?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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I actually received a certificate in the mail for 10,000 restricted shares the other day that were sitting in my Marsco account. Didn't ask for them to be mailed to me, but whatever. I still have 30,000 sitting in another account, so who knows what the future holds. I haven't heard a thing from the company as far as updates. I hope we find out something soon!
-------------------- I get lucky just like the rest of you. Posts: 143 | From: Columbus, OH | Registered: Oct 2005
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From the date they were issued, you have to wait two years before they become free trading. After one year it's possible you can unrestrict them but you need to obtain an opinon letter from the issuers counsel which is highly unlikely and possibly pay a hefty fee from your broker. Here's a link to Rule 144 shares which you most likely hold:
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