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FAQ

1. How do I transfer my shares to another person or entity?

2. What are the fees associated with transferring stock certificates?

3. How can a shareholder contact VStock Stock Transfer?

4. What is DTC and Cede & Co.?

5. What is a “Medallion Guarantee”?

6. How should I send my stock certificate?

7. What is restricted stock?

8. How is a lost or stolen stock certificate replaced?

9. As a shareholder, how do I contact the company whose stock I hold?

10. How long will it take to transfer shares?

11. How do I remove the restricted legend from my stock certificate?

12. How do I find the rules surrounding 144?

We answer all your questions to make your job as easy as possible.

1. How do I transfer my shares to another person or entity?

At VStock Transfer, our goal is to make your life easier in the transfer process. Here is a suggested list of items to consider/obtain.

 

TRANSFER CHECKLIST

 

1. Include your original stock certificate(s)

2. Make sure you endorse the back of certificate or stock power if changing registration

3. Obtain a medallion guaranteed stamp on endorsement

4. Include a shareholder transfer request form

5. Please provide names, addresses, and IDs of Shareholders to issue the stock to.

6. Include delivery instructions for the new certificate with delivery method (FedEx, UPS, Local Pickup/Delivery, Priority Mail)

7. If you are a corporate shareholder and send a Stock Power instead of endorsing the back of the certificate, include a Corporate Resolution

8. Determine if you need additional forms that may be required (See Restricted Stock section, Lost Certificates Section

9. Include your processing fee

 

Feel free to contact us at VSTOCK TRANSFER (212 828 8436) if you have any questions about the forms or fees associated with your transfer request.

 

 

2. What are the fees associated with transferring stock certificates?

The fees vary based upon the specific request and services needed. Feel free to contact us at VSTOCK TRANSFER (212 828 8436) if you have any questions about the forms or fees associated with your transfer request.

 

 

3. How can a shareholder contact VStock Stock Transfer?

 

VStock Transfer, LLC

 

18 Lafayette Place

Woodmere, NY 11598

 

Attention: Yoel Goldfeder

Phone:  212-828-8436

Toll-Free: 855-9VSTOCK

Fax: 646-536-3179

 

info@vstocktransfer.com

www.VStockTransfer.com

 

 

4. What is DTC and Cede & Co.?

DTC is an acronym for the Depository Trust Company. DTC is the central depository for the brokerage community where stock and bond certificates are deposited or transferred by the broker participants. The main function of DTC is to clear and settle stock trades and to provide custody of securities in an automated environment. DTC provides an efficient and safe way for the buyer and seller to exchange securities electronically and in a centralized location eliminating the need for physical stock certificates and time for transit. DTC is a member of the Federal Reserve System, owned by the Depository Trust and Clearing Corporation (DTCC). DTCC, in turn, is owned by several banks, brokerage houses and trading exchanges. Cede & Co. is merely the nominee name for DTC. DTC and Cede & Co. are synonymous and are often used interchangeably.

 

 

5. What is a “Medallion Guarantee”?

A medallion guarantee is provided by an eligible institution who is a participant of the medallion program. Banks, trust companies and broker dealers may participate in this program. A medallion is an insured stamp to guarantee that the signer is authorized and validates the signature. For certain types of transfers, a medallion guarantee stamp is required.

 

 

6. How should I send my stock certificate?

We strongly suggest you send all stock certificates to VSTOCK TRANSFER LLC by registered mail with a return receipt requested.

 

 

7. What is restricted stock?

Restricted stock is issued with a ‘restricted legend’ on the stock certificate. Shareholders with restricted stock may only sell their shares in compliance with SEC regulation.

 

 

8. How is a lost or stolen stock certificate replaced?

If you have lost a stock certificate, you should contact or email us immediately so that we may place a ‘”STOP” on the form of certificate. Once the “STOP” is placed, please fill out, you may need to complete a “lost instrument bond” form. Feel free to call us to discuss.

 

Bonds: Surety bonds are typically required by transfer agents to replace lost, stolen, or damaged stock certificates.

 

 

9. As a shareholder, how do I contact the company whose stock I hold?

Usually, a company’s contact information can be found on their website. Additionally, company information many times can be found on www.sec.gov.

 

 

10. How long will it take to transfer shares?

At VSTOCK TRANSFER LLC we pride ourselves on responsiveness and quick turnaround time. Routine transfers are generally turned around the same day and in virtually every case in less than 72 hours. Both routine and non-routine transfers maybe expedited with RUSH processing for an additional fee.

 

 

11. How do I remove the restricted legend from my stock certificate?

Removing a restricted legend is a complex process governed by regulations. If your shares have a restrictive legend, contact your broker to request the proper paperwork and procedure. Brokers and clearing agents are sometimes particular regarding what forms and disclosures they require before assisting in the removal of a restricted legend from a security. Legal opinions (from company counsel or outside counsel) are also sometimes needed to remove a restricted legend.

 

 

12. How do I find the rules surrounding 144?

The Securities and Exchange Commission governs rule 144, the following link to the SEC website provides valuable information about the rule.

http://www.sec.gov/investor/pubs/rule144.htm

 

Affiliate or Person Selling on Behalf of an Affiliate

 

• During six-month holding period no re-sales under Rule 144 permitted.

• After six-month holding period may resell in accordance with all Rule 144 requirements including: current public information, volume limitations, manner       of sale requirements for equity securities, and filing of form 144.

 

Non-Affiliate (and has not been an affiliate during the prior three months)

 

• During six-month holding period no re-sales under Rule 144 permitted.

• After six-month holding period but before one year, unlimited public re-sales under Rule 144 except that the current public information requirement still applies.

• After one-year holding period, unlimited public re-sales under Rule 144; need not comply with any other Rule 144 requirements.

 

THIS IS GENERAL INFORMATION ONLY AND NOT TO BE TAKEN AS LEGAL ADVICE NOR IS THIS TO BE TAKEN AS A LEGAL OPINION.

 

RESTRICTED SECURITIES OF NON-REPORTING ISSUERS

 

Affiliate or Person Selling on Behalf of an Affiliate

 

• During one year holding period no re-sales under Rule 144 permitted.

• After one-year holding period, may resell in accordance with all Rule 144 requirements, including: current public information, volume limitations, manner of sale

  requirements for equity securities, and filing of Form 144.

 

Non-Affiliate (and has not been an affiliate during the prior three months)

 

• During one year holding period no re-sales under Rule 144 permitted.

• Unlimited public re-sales under Rule 144; need not comply with any other Rule 144 requirements

 

*Please note – this is general information only; not legal advice, nor represents any form of a legal opinion.

 

How do I change my address with you?

You will need to complete a ‘change of address’ form. Please feel free to email us at info@vstocktransfer.com and we will email you the correct Form.

 

 

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