my stock certificate was issued to me with roughly 160000 more shares then it should be...the company wants me to return it and send me my lesser amount that i paid for...do i have to send it back??
1 Answer from Attorneys
Re: stock certificate
If the shares were issued incorrectly then they are entitled to void your certificate and issue you a proper one.
They are also allowed to void the cert without you returning it and correcting the share amount on their books and records. I would suggest that you simplify the process for all and return the cert and have them issue you a new one, it will provide an easier route for you when you go to sell it in the future.
Related Questions & Answers
Business investment liability i was m. partner of a now ternminated nevada llc. the... Asked 4/22/09, 6:40 pm in United States Nevada Investment Law
IRA account In Nevada, with regards to a spouses IRA account, where no beneficiary... Asked 12/01/07, 10:06 am in United States Nevada Investment Law
Investment I invested 11,000. with a comp. that was supposed to go public traded but... Asked 5/21/07, 5:52 pm in United States Nevada Investment Law
Have i been scammed On 1/18/02 I invested $37,500.00 by wire transfer to the Nevada... Asked 2/27/03, 8:14 pm in United States Nevada Investment Law
Protecting the IP I have three partners. We are about to form a corp. (LLC) in NV.... Asked 2/18/02, 12:20 am in United States Nevada Investment Law