In the case of another company, a large free-tradi

On July 12, 2011, our transfer agent, Corporate Stock Transfer issued 11,415,311 shares of common stock as a dividend to all registered shareholders of record on July 1, 2011. Of the 11,415,311dividend shares, a total of 8,666,676 shares were issued as free trading shares pursuant to an exemption from registration requirements of Rule 144, under the Securities Act of 1933 to all shareholders holding free trading shares as of the record date. The 8,666,676 dividend shares were deposited with the DTC, and registered in the name of the DTC’s nominee CEDE & Company, who subsequently distributed the shares to the DTC’s Participants, e.g., banks and broker dealers for final distribution and deposit of the shares into the accounts of the beneficial shareholders. The balance of the 11,415,311 shares, or 2,748,635 dividend shares were issued in a hard certificate form with a restrictive legend and sent via certified mail to all shareholders with restricted shares as of the record date.

On July 22, 2011, exactly ten days later, after noticing the large deposits of Universal’s stock from the dividend into their “Participants” accounts, the DTC imposed the “Chill” on our stock and the stock was temporarily not “DTC eligible” for their clearing and settlement.