Beacon Redevelopment Industrial Corporation (BCND)

[born2sweat]

Saw this on Rainmaker's board:


Here is a crazy story about DTCC chills I saw in a filing today. Shows you how these things can work.

From a different company not NSAV example of DTC Chills

Quote:We are aware of no restrictions on the transfer of our securities. It
is our understanding that the Depository Trust & Clearing Corporation
does not hold custody of BCND common shares. We have been in contact
with the DTCC to resolve this situation. However, the DTCC advises that
there is no regulatory “chill” placed on our shares and that they would
be eligible for deposit if a member firm applied for the same. The DTCC
stated that the stock is not eligible for deposit because it did not
receive an attorney opinion letter after our reverse split. Our
position is that the DTCC failed to formerly request such a letter and
that we are willing to provide one. However, DTCC stated that they must
have a member firm apply. It is our position that the DTCC improperly
removed our shares from custody and failed to provide us with due
process in contravention of decisions of the Securities and Exchange
Commission. Therefore, we hope to resolve the situation by: (1)
Further negotiation with the DTCC; (2) Having a member firm reapply for
custody services with the DTCC; or (3) Initiating and prevailing on
regulatory proceedings filed against the DTCC.