Posted On: 04/07/2012 3:23:22 PM
Post# of 5546
No I did not miss that fact, and being able to trade has nothing to do with with the DTC Global Lock, that is simply brokerages applying their own trading restriction to current free trading shares as the DTC action has nothing to with the existing Float. In fact the purpose of a such "chills" and "global locks" are in fact restrictions on newly issued shares by the company. A chill prevents the company from using the DTC and it's services but does not stop a company from transferring newly issued shares at greater costs and time to certain brokers. Where as a Global Lock prevents any deposit of new shares from any brokerage period.
So in closing a DTC action has no impact on already issued free trading shares and are simply trading restrictions issued independently by specific brokers. The DTC actions however directly impact new share issuance and depending on the action prevent either DTC services or DTC services and brokerage services for new shares.
THRA's Global Lock prevents it from issuing shares and getting money so it is dead in the water, but to point out 5 total brokerages that have no trading restrictions is simply reaching. the remaining brokers are not where the OTC market trades from and limits this to maybe 5% of the target audience, if that. Not much is going to happen there.
So in closing a DTC action has no impact on already issued free trading shares and are simply trading restrictions issued independently by specific brokers. The DTC actions however directly impact new share issuance and depending on the action prevent either DTC services or DTC services and brokerage services for new shares.
THRA's Global Lock prevents it from issuing shares and getting money so it is dead in the water, but to point out 5 total brokerages that have no trading restrictions is simply reaching. the remaining brokers are not where the OTC market trades from and limits this to maybe 5% of the target audience, if that. Not much is going to happen there.
(0)
(0)
Scroll down for more posts ▼