Post
Topic
Board Speculation
Re: SecondMarket Bitcoin Investment Trust Observer
by
mmortal03
on 01/05/2015, 17:28:52 UTC
They could sell on OTC and buy again directly from Secondmarket as accredited investors.  Only thing they would lose is the ability to sell on OTC for another year.  Even that is not so bad, since presumably Secondmarket will unsuspend redemptions at some point.

My understanding was that new shares couldn't be sold for a year, however once a share is initially sold (after 12 months), it can then be traded freely.