Maybe they decided to consult their lawyers beforecalling me. The otherrestriction is that the stock needs to be registered with the SEC before beingsold this is called 144 sale after the form you have to fill out to sellthe stock. cantsay it feels much different than before….though am surprised havent heardback from the company yet. Instead, you need to work with an institutional stock brokerage to sellthe stock in controlled manner to buyers who are willing to take millions ofshares at time. So theres prettymuch no way to sell the stock, it would still be very tricky.
Maybe they decided to consult their lawyers beforecalling me. On the other hand, if they messedup the share register and actually own these shares, it might morecomplicated. That much stock hitting the market all atonce will cause the price to tank, and you wont as much for it as youshould. Its conceivablethough extremely unlikely, given the sums involved that the company mightinsist that theres been no mistake, or even affirmatively declare that theshares really are mine. That means that selling these shares will create paper trail amile wide.
Even though the certificates are basically worthless and couldntbe sold for months in any event, the paper could make fairly convincing proofof great wealth, proof which would stand up to fairly close scrutiny. If this is just matter of the printerjamming and misprinting few certificates, they just reprint thecertificates and ask me to destroy the ones Ihave. On the other hand, if the companys share register thelist of stockholders and the number of shares they own is usually consideredthe legally binding way to know who owns the stock.
The state arguedsuccessfullythat the 5million check was so obviously an error that the woman should have known itwasnt really hers. My situation hereis pretty much the same, though an order of magnitude bigger. Whenyoure selling 14 of company, you dont just log on to your Charles Schwabaccount and click the Sell button. That means that selling these shares will create paper trail amile wide. Even assuming that it wouldbe legal and ethical to sell the stock first.
The state arguedsuccessfullythat the 5million check was so obviously an error that the woman should have known itwasnt really hers. My situation hereis pretty much the same, though an order of magnitude bigger. That gives everyone lots of time to sort out theproblem without the risk that would sell the stock quickly, and even if could, it wouldnt be aquiet anonymous process. How doI fix this mistake? The short answer iscontact the company and do whatever they ask me withinreason.How hard this is to fix willdepend on where the mistake happened.
