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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Feb 6 9:30 AM EST
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To: bully who wrote (17321)7/16/1999 1:25:00 PM
From: Stymie  Read Replies (1) of 25548
 
OK

I just thought that even for a non-reporting entity, there may be independent verification and/or supervision of the restricted shares.

I thought I read somewhere that the restricted share certs are actually stamped "restricted" and that you'd have to go back to the transfer agent to get that legend removed if you wanted to trade them.

The only experience I have with restricted shares is shares purchased in private placements. On the ocasions when I've received the restricted shares, the certs are stamped with a legend stating that they are not tradeable. Once the hold period is over, I go to the transfer agent and exchange the legended certs for clean ones. The other times, the company has held the certs for me until I ask for them after the hold period expires and then I get clean certs.

My experience is limited to ASE, VSE, and TSE stocks. I was curious how this works with OTC:BB stocks, especially the non-reporting variety.

Thanks for your answer.
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