Ok so after 2 months I now get a response from my broker saying that the legal counsel for the issuer of stock will not write an opinion letter to remove the restriction because according to them the issue has not been public long enough for them to have enough history of performance and reporting to form an opinion. I don't know what the normal way of things are, but this seems to me like a lame excuse and irrelevant to the rules. I've upheld my end of the bargain by waiting 12+ months before doing this, and I think they should uphold their end as well, and not try to find ways to impede it. My question is...what can I do? If I go and get my own lawyer, will this solve the problem and they can't stand in the way? Or am just screwed? I believe they ultimately have the last word on this unfortunately, but I am not sure. I know that my broker or transfer agent can't do anything without this letter of opinion. Someone please help!!!!!!!! Thanks.
2007-01-31
06:20:52
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3 answers
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asked by
nic43201
1
in
Business & Finance
➔ Investing