(Total Views: 794)
Posted On: 06/04/2023 11:04:08 AM
Post# of 6857
UNVC: UP DATE Dalton is as slick as they come, the Restricted shares 1,100,000,000 he moved to the float were already Exempt from Form 144. The 183,173,158 are Exempt also but he hasn't had these the required year.
He can freely sell any amount anytime he choses.
]Removal of a legend is a matter solely in the discretion of the issuer of the securities Which is UNVC which Dalton controls.
What are exempt transactions from registration?
An exempt transaction is a type of securities transaction where a business does not need to file registrations with any regulatory bodies, provided the number of securities involved is relatively minor compared to the scope of the issuer's operations and that no new securities are being issued.
Very routine to get the TA to remove the Legend
You can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restrictive legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and permit execution of the trade in the marketplace.
If a dispute arises about whether a restrictive legend can be removed, the SEC will not intervene. Removal of a legend is a matter solely in the discretion of the issuer of the securities. State law, not federal law, covers disputes about the removal of legends. Thus, the SEC will not take action in any decision or dispute about removing a restrictive legend.
Dalton claimed he never got the 1.1 Billion shares at a discount he's the proof he did in the picture, now check this post. https://investorshangout.com/post/view?id=6580829
Quarterly Report 05/14/2023 Page 5 https://www.otcmarkets.com/otcapi/company/fin...57/content
He can freely sell any amount anytime he choses.
]Removal of a legend is a matter solely in the discretion of the issuer of the securities Which is UNVC which Dalton controls.
What are exempt transactions from registration?
An exempt transaction is a type of securities transaction where a business does not need to file registrations with any regulatory bodies, provided the number of securities involved is relatively minor compared to the scope of the issuer's operations and that no new securities are being issued.
Very routine to get the TA to remove the Legend
You can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restrictive legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and permit execution of the trade in the marketplace.
If a dispute arises about whether a restrictive legend can be removed, the SEC will not intervene. Removal of a legend is a matter solely in the discretion of the issuer of the securities. State law, not federal law, covers disputes about the removal of legends. Thus, the SEC will not take action in any decision or dispute about removing a restrictive legend.
Dalton claimed he never got the 1.1 Billion shares at a discount he's the proof he did in the picture, now check this post. https://investorshangout.com/post/view?id=6580829
Quarterly Report 05/14/2023 Page 5 https://www.otcmarkets.com/otcapi/company/fin...57/content
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