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DTC Freezes

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Post# of 1609
Posted On: 11/26/2013 8:18:12 PM
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Posted By: Aqua

DTC Freezes


Occasionally a problem may arise with a company or its securities on deposit at The Depository Trust Company (DTC). In some of those cases DTC may impose a “chill” or a “freeze” on all the company’s securities. A “freeze” is a discontinuation of all services at DTC. Freezes may last a few days or an extended period of time, depending on the reason for the freeze. If the reasons for the freeze cannot be rectified, then the security will generally be removed from DTC, and securities transactions in that security will no longer be eligible to be cleared at any registered clearing agency. For more information on DTC chills and freezes, please read our investor bulletin “ DTC Chills and Freezes .”


http://www.sec.gov/answers/dtc-freezes.htm

I'll post this on this board since we are strong hands and believe Robert Segersten would do everything in his power to rectify the DTC's claims.  If there is a discrepancy, then I do not think the Segersten would not hesitate the rectify the DTC's claims and comply with their policies and procedures.  He will not let this incident spoil the official announcement when the CE Mark is eventually finalized.   Cheers!



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