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Unable to trade... DTC Global Lock...

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Ingen Accounting for Profits From Telecom Wireless Division "Marketwired" - 6/17/2014 10:14:34 AM
30,000 Oxyview Units Quoted to Major Supplier "Marketwired" - 6/4/2014 8:30:00 AM
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Ingen's Telecom Division Begins Generating Profits From Its First & Second Round of Financings and Continues Growth Trend "Marketwired" - 5/6/2014 8:58:24 AM
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Ingen Chairman Discusses Positive Growth in Medical and Telecom Divisions "Marketwired" - 4/8/2014 8:30:00 AM
Ingen's Telecom Division Ramps Up Revenues After Successful Testing "Marketwired" - 3/25/2014 11:04:03 AM
Ingen Technologies Inc. Holds Special Board Meeting "Marketwired" - 3/6/2014 8:30:00 AM
Funding Partnership for Business Expansion Program Is Launched as Projected "Marketwired" - 2/11/2014 9:24:01 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 2/7/2014 4:42:10 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 2/7/2014 4:41:16 PM
Ingen Technologies Inc. Partners With Private Fund to Close ATMC Acquisition and Fund Business Expansion Program "Marketwired" - 2/7/2014 8:30:00 AM
Ingen Technolgies Inc. Appoints David Hanson as New CEO "Marketwired" - 2/6/2014 8:30:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 2/5/2014 6:01:55 AM
Ingen Gearing Up to Move $1.8 Million of Medical Inventory "Marketwired" - 1/14/2014 10:00:00 AM
Ingen Technologies Announces Results of Shareholder Conference to Move to the OTCQB or AMEX "Marketwired" - 12/30/2013 2:11:04 PM
Ingen Chairman Conference With Shareholders Regarding Company Progress "GlobeNewswire Inc." - 12/5/2013 2:20:51 PM
Ingen's Patented Smart Nasal Cannula and Oxyview Increased Market Growth "Marketwired" - 11/25/2013 7:30:00 AM
Chairman States Substantial Growth on Ingen's Horizon "GlobeNewswire Inc." - 11/21/2013 12:00:00 PM
Ingen Technologies, Inc. Announces New Appointment And Special Report "PR Newswire (US)" - 11/20/2013 7:00:00 AM
Ingen Appoints David Hanson to the Board of Directors "GlobeNewswire Inc." - 11/12/2013 11:00:00 AM
Ingen Gains More Traction With Topout in the UK "GlobeNewswire Inc." - 11/1/2013 1:50:26 PM
Tier Change "OTC Markets" - 10/18/2013
Co-Creator of "Showtime" Jumps Aboard to Help Build Ingen's Telecom Franchise "OTC Markets" - 9/19/2013 12:43:31 PM
Co-Creator of "Showtime" Jumps Aboard to Help Build Ingen's Telecom Franchise "Marketwired" - 9/19/2013 12:43:00 PM
ckaminsky   Thursday, 04/29/10 01:41:36 PM
Re: ckaminsky post# 7516
Post # of 10946 
Unable to trade... DTC Global Lock...

[citing from Y! board, I'm not the poster]
I talked with Ameritrade today asking them some questions about IGNT. They told me IGNT is on DTC Global lock, meaning they and various other brokers cannot trade this stock, buy or sell. I asked them how then can the stock show trading everyday for millions of shares? They didn't have a real definite answer other than some companies are still able to trade this stock. I then asked them if they could explain what some of the reason why a stock would have a lock on it. The main answer I received was that in some cases there are conterfeit shares that are sold under a stock, and to try and locate which shares are of "legal" trading and which are "illegal" they have to stop trading of the stock. This makes sense except there is still trading happening on this stock! Furthermore Ameritrade could not tell me what the actual reason is as to why there is a DTC Global lock on IGNT...

Anyone knowledgeable in this area have any information?

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