True- many of us cant add-even those who have multiple
True- many of us cant add-even those who have multiple brokers- only a few brokers allow buying on the excuse no current financials and pps below 1c-they want to eliminate stocks below 1c so a lot of stocks are forced to r/s to raise pps above 1c to remove dtc
dtc is reportedly owned by the brokers as Sunny discovered a long time ago from a specialty board
maybe thats why a broker sponsor is required to remove dtc restriction-unless bypass that via sec reg statement etc?
dtc restricts-trade for trade is proper language- though brokers like scare tactics and so mistakenly often call it a global chill-which properly applies only to an illiquid stock -
dtc is not a real big deal of itself -means merely have to manually process trades rather than using dtc as an electronic clearinghouse-but brokers use that as an excuse to prevent us from buying and in many cases from selling-due to high fees to sell and/or requiring the whole lot be sold at once -impossible for big holders when stock has low volume
then while our stock is held hostage the brokers short our own stock against us -rather a remarkable fraud-if a lawyer did that w his clients property he would probably be disbarred
so when dtc is lifted many brokers would stop shorting our stock, which is another reason pps should rise when dtc is lifted
if you have a cash account rather than margin account brokers supposedly cant short your stock
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