thats true-dictatorial dtcc imposed the lock without any due process or reportedly even any notice to Bobs CWRN based upon maybe $8400 worth of restricted stock presented by some unknown person to an Oppenheimer Boca Raton broker June 2009,where Casino Airlinks,the company that previously inhabited the CWRN pink structure, was located, so one theory is that some previous principal of Casino -having been reversed once or twice -presented his Casino stock to the transfer agent and received CWRN stock in return.
There are some holes to that theory-including that SEC had gone thru all the transfer records and found no violations by CWRN- but Bobs CWRN reportedly never issued restricted stock-except in hard cert form to family- and dd has backed that up-
and Bob and or CWRN attorney reportedly never issued any opinion letters stating that restricted stock had complied w time periods etc to now be free trading. So its a mystery where such restricted could have come from in June 2009.
DTCC has reportedly never supplied any info.
Issuing the global block was equivalent to the US treasury canceling all green backs in existence due to the presence of some counterfeit money
or to pursing people who bought things from a store 3 years earlier that the store has improperly received.
and is also ridiculous because the amount of naked shorts issued either by brokers or mm's reportedly immensely exceeds restricted stock in countless penny stocks.
So CWRN needs to get a dtc approved lawyer and pursue dtc's due process procedures as outlined in dtc's own fall 2013 whitepapers.
Innocent 3rd party purchasers-stockholders -are never held accountable in the law. This was a new unconstitutional never seen before politically motivated paradigm by a politician who decided business was evil(saw the sympathetic documentary myself) and had to be stopped so agencies were ordered to do everything in their power to destroy these co's -and thousands of penny co's were affected.
Reportedly under pressure from congress in Sept and Nov 2013 DTC issued policy whitepapers outlining due process steps that could be taken to remove the global lock. Clark, I and Sunny? have posted those whitepapers and since Brad apparently reads these forums I assumed he was aware of all this and hopefully was utilizing dtc's due process procedures w dtc approved lawyers to take care of the matter.
I've posted about this countless times.
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
