I purchased stock directly through Newmax for their IPO. Stock was not sold through brokers at that time. I, like many other consumers, thought that Equity Stock Transfer WAS the broker. On the 2nd day I wanted to sell, I tried to create an account and something was wrong with their site. Although my transmission of the online document was completed, it never charged me the $30.00. I called a broker I’ve used before and they could not help me. Apparently a tremendous amount of consumers were calling them for the exact same reason–they couldn’t get their money transferred. As a result, I lost a lot of money. Equity Stock Transfer’s phone line was either busy or had a voice mail message and none of my calls were returned. It took 9 days before I was able to create an account and get the money transferred. By that time it was too late as the stock had dropped considerably. I see this company has been in trouble before for doing the same thing. The owner states that he is not overseen by the SEC. SO in essence, I purchased NMAX stock, had no idea who EST was until I received an email a few days after the purchase, their site crashed, and as a result lost money. Via email response, EST refused to speak to me as a non-broker. I called my former broker and they said no broker was allowed to purchase stock for the IPO. Other than report EST to various agencies, what can I do? It seems intentional to me that they locked up the money so newbie investors couldn’t get it out on Day 2. Thanks.