I have both restricted and unrestricted shares T
Post# of 155352
(Total Views: 458)
Posted On: 02/22/2020 3:28:03 PM
I have both restricted and unrestricted shares
Thru Fidelity.
UnRestricted- once you tender your cert to fidelity
It becomes tradable. Usually within 1 day.
Restricted- converted warrants, tender offer
Conversion or just restricted stock received
Say thru one of the many Paulson pipes
Are usually restricted for 6 months from the
Issuance date of the stock ( date on cert)
It does not matter how long you hold the warrant.
Once The 6 months is past you call the fidelity
Special stock desk and they contact cydy
Counsel to approve.
Should take less than 1 week to approve.
Then you have a 90 day window to sell.
If you don’t you can renew limitless times.
Each for 90 day renewals.
If we uplist the same process holds, no matter the price
Of the stock.
When you call the trade desk make sure you
Are aware of your long/short positions before you
Sell.
Imo
Thru Fidelity.
UnRestricted- once you tender your cert to fidelity
It becomes tradable. Usually within 1 day.
Restricted- converted warrants, tender offer
Conversion or just restricted stock received
Say thru one of the many Paulson pipes
Are usually restricted for 6 months from the
Issuance date of the stock ( date on cert)
It does not matter how long you hold the warrant.
Once The 6 months is past you call the fidelity
Special stock desk and they contact cydy
Counsel to approve.
Should take less than 1 week to approve.
Then you have a 90 day window to sell.
If you don’t you can renew limitless times.
Each for 90 day renewals.
If we uplist the same process holds, no matter the price
Of the stock.
When you call the trade desk make sure you
Are aware of your long/short positions before you
Sell.
Imo
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