CNS Pharma · Congratulations CNSP sharehol...

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First of all, congratulations to all my fellow CNSP shareholders! It was a long road but we would not be here without all of you.  We are getting some questions about how your SAFE investment will convert into common shares with our IPO and want to provide some information here:  While CNSP began TRADING today, the IPO itself is currently scheduled to CLOSE on Wednesday, November 13, 2019.  To repeat, our common shares, under the symbol CNSP, did start trading on Nasdaq today but our IPO has not yet closed.Now, before there are even more questions, your SAFE investment instruments define “IPO” as: the closing of the Company’s first initial public offering of Common Stock pursuant to either an effective registration statement filed under the Securities Act or a qualified offering statement filed pursuant to Regulation A of the Securities Act."  So, upon the close of the IPO your SAFE investment will convert into common shares at the discounted rate of $3.36 ($4.00 x 16% discount).  Welcome letters will be mailed out upon the issuance of your shares by the transfer agent with information on how to access your account with Continental Stock.  If you would like information before the letters are received that is not a problem, you can contact the transfer agent directly at <a href="mailto:cstmail@continentalstock.com" rel="nofollow">cstmail@continentalstock.com</a> or 800-509-5586 (Monday - Friday, 8:30am - 5:30pm EST).All the best,John

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Nov 8

2019

Congratulations CNSP shareholders - Now to the logistics

First of all, congratulations to all my fellow CNSP shareholders! It was a long road but we would not be here without all of you.

We are getting some questions about how your SAFE investment will convert into common shares with our IPO and want to provide some information here:

While CNSP began TRADING today, the IPO itself is currently scheduled to CLOSE on Wednesday, November 13, 2019. To repeat, our common shares, under the symbol CNSP, did start trading on Nasdaq today but our IPO has not yet closed.

Now, before there are even more questions, your SAFE investment instruments define “IPO” as: the closing of the Company’s first initial public offering of Common Stock pursuant to either an effective registration statement filed under the Securities Act or a qualified offering statement filed pursuant to Regulation A of the Securities Act." So, upon the close of the IPO your SAFE investment will convert into common shares at the discounted rate of $3.36 ($4.00 x 16% discount).

Welcome letters will be mailed out upon the issuance of your shares by the transfer agent with information on how to access your account with Continental Stock. If you would like information before the letters are received that is not a problem, you can contact the transfer agent directly at cstmail@continentalstock.com or 800-509-5586 (Monday - Friday, 8:30am - 5:30pm EST).

All the best,

John

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6 years ago

@John-climaco I still have not heard from Continental Stock. I sent an email to cstmail@continentalstock.com and no response so far. When should I expect the welcome letter? I have not received any email so far. Thank you.

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almost 7 years ago

@john-climaco I still have not heard from Continental Stock. When should we expect the welcome letter? Will it be sent via email?

1 like Reply

@jeff-park You will receive physical letters from Continental Stock

Almost 7 years ago

@jeff-park I Just put in a call into Continental Stock Transfer and the transfer over to my brokerage account was easy. In this case, my brokerage account is Etrade so I was able to fill out the online form in 10 minutes. I would call your brokerage account to help you find the correct form. You will probably need a copy of your Continental statement which might be required to upload and finalize the process. You may also keep your stocks at Continental if you wish. I hope this helps!

ALL,
I spoke with Continental this morning, here is what I have gleaned, hope this helps you!!
You should (will) be receiving a document from continental. Then you should do as instructed and create an account. You will most likely need to submit a W-9 form to them either physically or via email, with your taxpayer I.D. (SS number EIN etc) as it seems most of our Taxpayer I.D. numbers were NOT filed upon IPO (a clerical error by someone). Then once the document has been recorded and is filed with Continental, THEN you can simply call or email your brokerage firm (ETrade, TD Ameritrade, Schwab etc...) and submit the form "Direct Registration Transaction Advice" from Continental requesting YOUR shares to be transferred to your brokerage account. After that you are free to do as you wish with them. I am pretty sure we have no lockup period...

Alternatively you may request physical share certificate to keep in your safe deposit box, or just keep your shares on Continental for the time being.

Note that CNSP is actively trading and... IMO, NOT ADVICE... as I'm not a fiduciary... is growing!! Todays news of worldwide rights acquired and impending application to FDA for approval of Berubicin with Orphan Drug status is a huge catalyst!

Now all we have left to do is everything! Good luck and I hope my research has helped you navigate this process.

Wonderful news John Climaco! Go beat this disease down like the scourge of the Earth it is!!!

@jeff-park Snail mail. Physical documents. I just got mine yesterday.

@john-climaco , just called the contientalstock.com, received very ruled customser services, maybe I wasn't familiar about stock crowdfunding platform, the lady who answered my call were stating that they are only the record company, they have no way to tell you whether you owned the shares of stock or not, they claimed that we have to have a brokerage account with other company, so let say if I want to hold it or sale it and buy more ..what should I do, also, can someone explained to me that if our investment that invested in cns pharma were suceeded, so we are getting some kind of money instead of having option to get to keep the stocks until we decided when to sake it, please explained

contientalstock.com

Now that you are the Engineer, steering this train, you will find many people tugging you in different directions. You are the engineer. That said, surround yourself with good accountants and honest lawyers, then get a good financial planner. Looking into the future , sure is fun. Once
your initial goal is achieved , then there MUST be a 2nd and a 3rd, to keep OUR company relevant and profitable, at the same time.
Happy Holiday to you and your staff. Beancounter Ray

I am very happy to hear that cns pharma has taken the next step towards fighting this terrible disease. I am an investor and a person who has been horribly affected by this disease. my heart was filled with joy when I read this company's presentation. Win or lose I love this effort.

3 likes Reply

Congratulations for cns pharma, I knew u guys would heck in the NASDAQ, I trusted my instinct, here u go to the next level, I just have some questions, I was one of the person who did invest, so does our investment now turn on ipo and that we are able to use discount rate to purchase more and also our previous investment was worth some of the share, please let me know whom I can contact for further explanation, thanks, Heidi

John,
Will the shares be restricted. Is there a lockup period on the shares ?

John. first and foremost congratulation on IPO and thank you for all your hard work and communication. This crowdfunding is new to all but I do wish Repblic and CST would have communicated with investors better. There is a lot of unanswered questions on how all this works but just like you did you took time to explain as much as you could and so thankful. Show's why you're doing great things and your company is moving up.

Congratulations John. Let’s go beat this horrible disease! Thank you for your perseverance.

Congratulations on today's opening market.

Great work John, heroic effort! Great for shareholders and with the IPO your company now has a broader audience to grow and serve. Wish you best of success growing the company from here and for the future.

Congratulations on reaching this milestone. Look forward to a bright future

Dhanji Hirani
What if i wanted to buy more shares, will that be at the discounted rate of $3.36?

Thank you!! John!!... unfortunate (speaking for myself only) that the feathers had to get rustled before getting information. Disappointed with Republic and Dawson for their inability or unwillingness to communicate over the past few weeks... This has ZERO to do with you or CNSP, as I am fully invested and vested in this company and your goals. I DO want to invest more, but hard to do so without clear communication for this entities on how to make it so. Either way, congratulations to you and all!!