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Monday, November 21, 2016 3:34:39 PM
Here's another example where no one in the system seems to know what's going on. If you'll notice the DTC is short 13 mil shares.
http://www.otcmarkets.com/stock/WLAN/profile
I know where those shares are at. They're sitting in another TA acct. I actually posted a copy of that acct some where on a CRGP board. It's my guess if those certs had been mailed by the TA the DTC still wouldn't have record of them. The DTC knows the shares are missing and that stock now has a proposed merger on hold.
On another pennystock, I have millions of converted shares sitting in an acct. The company announced an R/S and new share structure. I quickly emailed Finra informing them the new share structure can' be because of the shares I was still holding. The DTC had no record of the shares ever being in the system. (shot myself in the foot on that one lol) Come Jan the stock will have been sitting at "no bid" for 2 years.
Bottom line is; The book presented to the Judge on the workings of the DTC can't be correct cause doesn't work with electronic trading.
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