Posted On: 11/06/2014 4:40:29 PM
Post# of 2102
Two weeks ago every shareholder in USG1 received...
mantis Thursday, 11/06/14 01:38:49 PM
Re: leverage102 post# 50790
Post # of 50808
Two weeks ago every shareholder in USG1 received a "selling share holder" form ( NON BINDING agreement to sell ) that they need to fill out in order to be able to make they shares unrestricted and tradeable as soon as IPO hits the market. The reason FINRA did not approve the application at first was because all the shares were restricted under the current structure and there were no possibility of public float. Once enough shares become unrestricted (at least 1M), FINRA is expected to approve.
USG1 shareholders are holding 6.5 million shares.
I know for sure that a few USG1 people ( holding 1.65 million shares combined) have already signed the necessary papers and sent it back to the attorneys who handle this. I am sure most sharesholders are willing to sign this form , why not have your shares unrestricted after years of waiting ?! They probably have at least 4 times more shares pledged than they need to satisfy FINRA's request.
The approval is coming soon! No worries!
mantis Thursday, 11/06/14 01:38:49 PM
Re: leverage102 post# 50790
Post # of 50808
Two weeks ago every shareholder in USG1 received a "selling share holder" form ( NON BINDING agreement to sell ) that they need to fill out in order to be able to make they shares unrestricted and tradeable as soon as IPO hits the market. The reason FINRA did not approve the application at first was because all the shares were restricted under the current structure and there were no possibility of public float. Once enough shares become unrestricted (at least 1M), FINRA is expected to approve.
USG1 shareholders are holding 6.5 million shares.
I know for sure that a few USG1 people ( holding 1.65 million shares combined) have already signed the necessary papers and sent it back to the attorneys who handle this. I am sure most sharesholders are willing to sign this form , why not have your shares unrestricted after years of waiting ?! They probably have at least 4 times more shares pledged than they need to satisfy FINRA's request.
The approval is coming soon! No worries!
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