Interesting Discussion going on amongst Vulcans on the Spock Site

Spock has facilitated participation of Spock Members in a Private Placement in a microcap Gold Miner on the Vancouver Exchange. Members were able to get a block of shares and warrants at well below market price. Having just closed , participants shares and warrants are already worth double on the open market . a 4 Month hold however applies.
Stock Certificates are being mailed from the Company Agent directly to participants.
In order to eventually sell these they need to be deposited into a brokerage account
Member Steins1 has been researching US Brokers to see how easy / difficult it is to do this. Spock has another Private Placement imminent and there will be others exclusively for members.

Here are some conclusions from our discussion
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I’m starting to get suspicious that it is the restriction on the shares that is the problem with some of the US brokers. Not only the ones like Schwab that have so many other additional restrictions themselves.
I called TD Canada to confirm Gary’s inquiry and they confirmed being able to deposit the certificate. So I called TD AmeriTrade and had a long talk with them. I told them about TD Canada accepting.

They said they could not accept the cert. but suspected that they could after the restriction period is over. He also said to check with TD International. Just to see if they would. He said that if they would, we could open an account with them and then transfer the account to the US.
Phew….. Learning a lot!
spent some time today looking into this. I Googled, Brokerages That Accept Penny Stock Certificates, (https://www.google.com/#q=brokers+that+accept+penny+stock+certificates)
and came up with a fare amount of info.

There are a few smaller brokerage houses that it looks like will accept them but I haven’t filled out any paperwork yet.
Glendale Securities is one and I’m including a couple others. One issue is fraudulent activity when you Google them. Maybe this is normal

Steins1
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Its more to do with US based brokers and the restrictions placed on them, by you know who.

For a “capitalist” system its being slowly destroyed by over regulation, by you know who.
Despite my reservations about Martin Armstrong, one thing I do agree with him on, is what governments are doing to their economies, by over regulation, the US included.
Having said that, people are generally smarter, and will always find another “solution”. So persevere!
Spock
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Here is the Link to Spock’s Take

https://spockm.com/2016/09/10/us-brokers/

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Well….I am Impressed
I called TD Direct Investments (Canada) …my online broker and the young man immediately said
NO PROBLEM
…just bring the certificate to the local Bank Branch (across the street from my office)
and they will verify its authenticity , scan it into my account and notify me when the hold period is over .
No questions asked even about the name of the stock !
I told the young man ….THANKS !!!!!!
I lucked out !

Fully