Thanks for the input Troy. Although I can see the reasons for it, transfer restrictions seems to me a little like the company has too much control over its shar

Thanks for the input Troy. Although I can see the reasons for it, transfer restrictions seems to me a little like the company has too much control over its shares - but like you said, they aren't "privately-traded securities". If I owned a restaurant with a buddy and wanted out, I imagine I wouldn't be able to just sell it on to somebody else without my buddy's consent.