WTCInvestor Re: None 0 Post # of 15274

SHARE DIVY WARNING WAS GIVEN BACK IN JUNE!!



Member Profile stocksandmore



Thursday, June 20, 2013 9:10:37 AM

Re: stockman69 post# 3221

Post # of 5909

Here is kicker on the 144 share divy:



LOOK FOR FORWARD SPLIT TO HAPPEN BEFORE ANYTHING ELSE



Rule 144 allows for the public resale of restricted securities only if certain holding period and other conditions are satisfied





which means you need opinion letters, paperwork from the company witha signator gaurantee, fill out an investor questionaire, file a form with the SEC on how you received the shares, and why. and finally you need somewhere to deposit stock because most broker wont take em like scotttrade, etrade..etc.... if this stays under $1 GOOD LUCK TRYING TO FIND A REGULAR BROKER TO DEPOSIT SHARES WITH...



if this goes under .10 it will be next to impossible to deposit unless you do with Alpine or through other introductory broker..





144 divy not good for regular investors that dont have excess to secondary trading or prop firm accts..



What is the MINIMUM cost to open acct and process 144 shares you ask???



$500- $2000.. thats more then some probably even have invested..





$400 for attorney opinion letter



60-100 T/A fees



$400-650 for DWAC / ACAT form or Electronically process shares to your acct



$500-1000 : initial deposit into broker acct to open new acct



and most if they do get the shares into an acct will have a 25% haircut from costs.. basically wiping out the shares profits if any.





DISCLAIMER>>>>> ALL MY POSTS ARE FOR INFORMATION PURPOSES ONLY AND MY OPINION ON ANY GIVEN COMPANY.. NOTHING MORE.