You keep saying that you've read everything that I submitted to the judges, but you may have missed a couple.
"Please note also that I referenced a temporary lift of a global trading lock that had been placed on SpongeTech's stock. This, too, was a DTC action, as was their announcement of the conversion of accounts from Ridge Clearing to Penson.
The temporary lift of the global trading lock was to allow broker/dealers to clean up "Aged Fails." It was announced on August 5, 2011, in Release #B0846-l l."
Case 1:10-cr-00600-DLI Document 377 Filed 06/18/14 Page 7 of 27 PageID #: 2241
From the DTC's Notice
#: B0846-11
Date: August 5, 2011
To: All Participants
Category: Settlement
From: Settlement Department
Attention: Settlement Manager/Managing Director/Cashier
Subject: Clean up of Aged Fails in Select Globally Locked CUSIPs
DTC will support a program to facilitate the industry's clean up of aged fails in select globally locked securities. This notice details the information necessary for firms to participate in this program, which is scheduled to occur during the period August 15, 2011 through August 19, 2011.
(SpongeTech was number 50 on their list).
And who better to fulfill a fictitious need for opinion letters, than a fictitious lawyer? Bomart may have been the right man for the job.
