As of August 22, 2012 Bourque Industries Company's securities were under a chill by the Depository Trust Company (DTC).
The chill prevents additional deposits of Bourque Industries securities using the Depository Trust Company depository and book entry (clearing and settlement) transfer services.
With the total lack of communication from Bourque Industries to it's Hurting in the Dark Shareholders in regards to this issue, and that the Depository Trust Company has taken the position that it owes no particular duty to explain or review a chill decision, its seems possible to speculate that Bourque Industries is without understanding on how to correct the problem, and if this is the case, then Bourque Industries has not initiated any activity to have the Chill lifted.
This means that brokers attempting to clear BORK securities of Bourque Industries must do so the old fashioned way, by hand, and here brokers cannot sustain the time, costs, or inefficiencies of providing manual clearance service, so many brokers decline to trade “chilled” securities.
Its been suggested on this board that a broker will use "the old fashioned way," but only if the holder of the BORKs pay a high service charge for each BORK that in most cases far exceed what a single BORK pps will ever obtain with a success Bourque Industries in the years to arrive.
Having a chill removed lacks a legal structure or process for Bourque Industries to follow.
Most likely that second billion shares authorized and issued by Bourque Industries were made trade-able by "the old fashioned way" as a cost absorbed by Bourque Industries under "cost of doing business" even-thought they were initially directed to be received by private person John Bourque.
The posts contained on my (gotmilk) account are my own opinions and are not recommendations or advise to buy or sell any security, stocks or other investments. These posts are for entertainment purposes only and are not considered to be facts or truth.
The posts contained on my (gotmilk) account are my own opinions and are not recommendations or advise to buy or sell any security, stocks or other investments. These posts are for entertainment purposes only and are not considered to be facts or truth.
