Copper King rising from the dead as it has, has been a new experience for just about everyone involved. There have been tons of loose ends to be tied off and lots of hoops to jump through. Some of these have been big surprises, others we knew were coming but have taken far longer to negotiate or get resolved or fixed than we expected. But there has not been a lack of focus, we have continued to move forward daily. The lines of communication have been open between all parties. There are a myriad of quasi-government or regulatory agencies involved. Everyone from the SEC to the Depository Trust Corporation to Financial Industry Regulatory Authority has their own way of doing things.
In many instances accomplishing what we are trying to do with Copper King is like trying to fit a square peg in a round hole. Over the past few months there have been dozens of phone calls and hundreds of emails exchanged with the regulators. For example in the last few months there have been approximately 176 emails exchanged between management and the mandatory reorganization section of the Depository Trust Corporation.
Latest: I got a text from Lee at 2 AM that said the documents were fixed and would be sent to the DTC this morning with a follow up phone call.
If everything goes smoothly, the following brokers should be receiving shares by the end of the week....
American Enterprise Investment Services American Foundation for Charitable Support Inc Ameriprise Enterprise Investment Services Apex Clearing Corporation USA BMO Capital Markets BNP Paribas Securities Corp. Brown Brothers Harriman & Co Cede & Co Charles Schwab & Co Inc Citigroup Global Markets Inc Clearview Correspondent Services Llc Convergex Execution Solutions LLC E*Trade Clearing LLC Egger & Co Equity Trust Company Custodian First Clearing LLC Gerlach & Company Goldman Sachs & Company Gundyco Hare & Co LLC Interactive Brokers LLC JP Morgan Clearing Corporation Knight Execution and Clearing Legent Clearing LLC LPL Financial Merrill Lynch Pierce Fenner & Smith Incorporated Morgan Stanley Smith Barney National Financial Services Llc Nesbitt Burns Oppenheimer & Co Inc Optionsxpress Inc Penson Financial Services Inc Penson Financial Services Inc Penson Financial Services of Canada Inc Pershing LLC Raymond James & Associates Inc RBC Capital Markets LLC RBC Dominion Securities Inc Ridge Clearing and Outsourcing Solutions Inc Scotia Capital Inc Scottrade Inc Southwest Securities Inc Sterne Agee & Leach Inc TD Ameritrade Clearing Inc TD Waterhouse Canada Inc UBS Financial Services Inc US Bancorp Investments Inc USAA Investment Management Company Vanguard Brokerage Services Wedbush Morgan Securities Winterflood Securities Limited
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