thats sums it up-- the dtc sentence freezed 13 co'
Post# of 8054
the dtc sentence freezed 13 co's stock based on improper procedures by a broker- no proof has been offered as to co's guilt in anything
I dont remember the dtc showing that any of the co's were in collusion w the broker -the co's are just automatically held guilty by association
(what association- neither we nor the co should be held liable for what some stockholder did-very possibly mistakenly themselves over 4 years ago in a small transaction-the harm of which was over 4 years ago-and even that harm is exaggerated -fungibility-when brokers and mm's issue naked shorts etc-see 4kids9pets posts re the dozen plus ways mm's have to hide true shorts etc)
because dtc thinks everybody is guilty, which is why as per articles/PR's they wont even tell co lawyers what the co did wrong, because to paraphrase -
"if we told them what they did wrong they would just find another way to violate the rules"-
and of course its ridiculous for dtc to even think that way in cases such as this where theres been no due process and thus no proof of wrongdoing by the co's
btw I couldnt find it but medi had shared an article some time ago about the brokers fine which i thought otherwise indicated the broker was still in business -just paid a fine
CWRN- the business operations- is not really affected- because dont need to issue stock- but co's without positive net income are often destroyed by such a freeze- and that of course is always the puppetmasters ultimate goal
all brokers in business i believe are approved sec agents
also btw the sec had just gone thru all of cwrn's and transfer agents garbage cans etc and found nothing wrong by CWRN so the case against CWRN was dismissed on all counts -so that makes this even more bizarre