InvestorsHub Logo
Followers 11
Posts 728
Boards Moderated 0
Alias Born 10/14/2014

Re: None

Saturday, 12/20/2014 8:25:29 PM

Saturday, December 20, 2014 8:25:29 PM

Post# of 237905
Does Anyone Remember the DTC Chill?

The reality is that microcap issuers lose DTC’s services for two primary reasons, illegal issuances of free trading securities based upon flawed tradabililty opinions and fraudulent investor relations activity. It should come as no surprise to microcap management that DTC reviews their issuances of free trading shares since these are the securities that DTC holds in its depository, under its nominee name CEDE & Co.
DTC has several options when concerned about the eligibility status of a newly eligible security, or detects fraudulent activity. These include limiting or suspending its services for the security. DTC may also make referrals to the enforcement division of the SEC.
When DTC eligibility is lost, issuers will often tell their stockholders, they have no idea what happened. Since only the company can direct its transfer agent to issue free trading shares, most often it knows exactly why DTC limited or suspended its services. Many officers and directors of microcap companies are facing the harsh reality that reliance upon a legal opinion will not provide them with an effective defense to securities violations.

RED FLAGS....RED FLAGS...
MJNA Just Can't Stay Out of Trouble...
Whoever is placing their money in MJNA is JUST GAMBLING!!! Plain and Simple...No other Explanation...

MJNA SEC HALT COMING SOON TO A THEATRE NEAR YOU!!!