Monday, April 24, 2017 1:41:09 PM
http://www.duoworld.com/investor-relations/
OUR COMMON STOCK IS NOW DTC ELIGIBLE
On April 13 th 2017, we were notified that The Depository Trust Company (“DTC”) had granted our common stock “Eligible Security” status. An Eligible Security is one that is freely tradable pursuant to U.S. securities laws and is otherwise qualified to be held at DTC and serviced.
Shares of our common stock deposited with stock brokerage firms can be deposited with DTC, through its nominee Cede & Co., which will allow “book-entry” transfer of our common stock, which speeds up the clearing and settlement timeframe when our common stock is purchased and sold.
What is DTC?
The Depository Trust & Clearing Corporation (“DTCC”), through its subsidiaries, provides industry leading solutions to safeguard the world’s financial markets.
The Depository Trust Company (“DTC”) is DTCC’s central securities depository subsidiary and provides depository and book-entry services and operates a securities settlement system. In this regard, DTC holds eligible securities on behalf of stock brokerage firms, who, in turn, hold securities on behalf of their customers.
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