Energy One Corp (EGOC)

[anian]

It most certainly is if it isn't cleared up quickly. LMAO!!!
http://www.sec.gov/investor/alerts/dtcfreezes.pdf
What are “chills” and “freezes” and
why does DTC impose them?
Occasionally a problem may arise with a company or
its securities on deposit at DTC. In some of those
cases DTC may impose a “chill” or a “freeze” on all
the company’s securities. A “chill” is a restriction
placed by DTC on one or more of DTC’s services,
such as limiting a DTC participant’s ability to make
a deposit or withdrawal of the security at DTC. A
chill may remain imposed on a security for just a few
days or for an extended period of time depending
upon the reasons for the chill and whether the issuer
or transfer agent corrects the problem. A “freeze”
is a discontinuation of all services at DTC. Freezes
may last a few days or an extended period of time,
depending on the reason for the freeze. If the reasons
for the freeze cannot be rectified, then the security
will generally be removed from DTC, and securities
transactions in that security will no longer be eligible
to be cleared at any registered clearing agency.
DTC imposes chills and freezes on securities for
various reasons. For example, DTC may impose a
chill on a security because the issuer no longer has a
transfer agent to facilitate the transfer of the security
or the transfer agent is not complying with DTC
rules in its interactions with DTC in transferring the
security. Often this type of situation is resolved within
a short period of time.
Chills and freezes can be imposed on securities
for more complicated reasons, such as when DTC
determines that there may be a legal, regulatory, or
operational problem with the issuance of the security,
or the trading or clearing of transactions involving
the security. For example, DTC may chill or freeze a
security when DTC becomes aware or is informed by
the issuer, its transfer agent, federal or state regulators,
or federal or state law enforcement officials that an
issuance of some or all of the issuer’s securities or
transfer in those securities is in violation of state or
federal law. If DTC suspects that all or a portion of its
holdings of a security may not be freely transferable
as is required for DTC services, it may decide to chill
one or more of its services or place a freeze on all
services for the security. When there is a corporate
reorganization, DTC will temporarily chill the security
for book-entry activities.
When DTC chills or freezes a security, it will issue
a “Participant Notice” to its participants. These
notices are publicly available on DTC’s website at
http://www.dtcc.com/legal/imp_notices. When
securities are frozen, DTC also provides optional
automated notifications to its participants. These
processes provide participants the ability to update
their systems to automatically block future trading of
affected securities, in addition to alerting participant
compliance departments. DTC has information
regarding these processes on its website.
What can investors do?
Prior to investing in a security, investors can ask their
broker-dealer if there are or ever have been any DTC
restrictions placed on any security they are considering
buying or selling. This information may affect your
decision to purchase or sell the security. The brokerdealer or the broker-dealer’s compliance department
should be able to address the inquiry by checking with
its back office or by calling its account manager at
DTC. Given that DTC does not always disclose the
reason for a chill or freeze, a broker-dealer may not
be able to provide its customer with information as to
why the freeze was imposed or if or when it will be
lifted. Investors should also thoroughly research the
company and its transfer agent prior to investing in the
security