Fidelity SPDR Advertisement
Home > Boards > US OTC > Mining/Resources > GNCC Capital, Inc. (GNCP)

The DTC stock borrow program was discontinued because

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
1manband Member Profile
Member Level 
Followed By 92
Posts 9,046
Boards Moderated 2
Alias Born 09/06/10
160x600 placeholder
GNCC Capital, Inc. – CUSIP Number Change "Business Wire" - 11/21/2014 1:15:00 PM
GNCC Capital, Inc. Has Completed Its Re-Domiciling "Business Wire" - 11/21/2014 11:14:00 AM
Detecting Unseen Threats by Small Cap IR "InvestorsHub NewsWire" - 11/20/2014 7:30:00 AM
GNCC Capital, Inc. Final Update on Re-Domiciling in Order to Implement a Stock Repurchase Program and to Change CUSIP Number "Business Wire" - 11/19/2014 12:23:00 PM
Newly Discovered Late Clinical Stage Biopharma Vendor with Potentially Revolutionary Breakthroughs & 4 Growing Companies to C... "InvestorsHub NewsWire" - 11/19/2014 7:00:00 AM
GNCC Capital, Inc. Issues a Clarification "Business Wire" - 11/17/2014 6:14:00 PM
GNCC Capital, Inc. Announces Various Immediate Corporate Actions "Business Wire" - 11/17/2014 3:59:00 AM
GNCC Capital, Inc. Confirms Re-Domiciling to Effect Stock Buyback Program "Business Wire" - 11/11/2014 10:54:00 AM
GNCC Capital, Inc. Provides Operational Update and Revenue Guidance "Business Wire" - 11/4/2014 6:00:00 AM
GNCC Capital, Inc. Updates on Its Re-Domiciling to Effect Stock Buyback Program "Business Wire" - 10/30/2014 3:38:00 PM
GNCC Capital, Inc. Re-Domiciling to Effect Stock Buyback Program "Business Wire" - 9/29/2014 5:00:00 AM
GNCC Capital, Inc. Acquires a Reputation Management Company "Business Wire" - 9/19/2014 7:14:00 AM
GNCC Capital, Inc. Clarifies on Its Immediate Term Acquisitions "Business Wire" - 9/18/2014 6:00:00 AM
GNCC Capital, Inc. Confirms Talks on Further Acquisitions "Business Wire" - 9/2/2014 11:44:00 AM
GNCC Capital, Inc. Restored to Current Filer Status "Business Wire" - 8/29/2014 2:00:00 PM
GNCC Capital, Inc. Files Its Third Quarter Report "Business Wire" - 8/25/2014 6:00:00 AM
GNCC Capital, Inc. Files Its Second Quarter Report "Business Wire" - 8/21/2014 6:00:00 AM
GNCC Capital, Inc. Publishes a Paper on Its Gold Coast Gaming Corp Operations "Business Wire" - 8/15/2014 1:21:00 PM
NEW CONCEPT LAUNCHES TODAY FOR MICRO-CAP STOCK TRADERS. RECEIVE PAID PRE-PROMO STOCK ALERTS FOR FREE. "InvestorsHub NewsWire" - 8/14/2014 12:28:33 PM
GNCC Capital, Inc. Clarifies on Its Proposed Acquisitions and Progress "Business Wire" - 7/8/2014 1:19:00 PM
GNCC Capital, Inc. Completes Acquisitions of Additional Mineral Exploration Properties and Its Reorganization "Business Wire" - 6/30/2014 12:27:00 PM
GNCC Capital, Inc. Provides Updates on Its Reorganization "Business Wire" - 6/18/2014 11:08:00 AM
GNCC Capital, Inc. Clarifies Relationship with Mining Exploration Properties "Business Wire" - 6/12/2014 1:35:00 PM
GNCC Capital, Inc. – Reorganization "Business Wire" - 6/11/2014 8:31:00 AM
GNCC Capital, Inc. – Update "Business Wire" - 6/9/2014 1:54:00 PM
1manband Member Level  Friday, 02/07/14 08:59:16 PM
Re: Militia Man post# 42272
Post # of 90317 
The DTC stock borrow program was discontinued because it wasn't being used. Capitalism and enterprise made it obsolete. Private interests created their own stock borrow programs, which are faster and cheaper than DTC was providing. There are numerous other stock borrow programs still available.

"Usage of NSCC’s Stock Borrow Program has declined over the past few years. In 2007, NSCC borrowed a daily average of approximately $1.85 billion in market value at the close of each day from the approximately 21 Members that participated in the Stock Borrow Program. In October 2013, only three Members participated in the Stock Borrow Program and the average daily value borrowed at the close of day during that month was approximately $81 million. Usage of the program has continued to drop since the end of October 2013. Given the reduction in the use of the program, NSCC has determined that it is not economically efficient to maintain the service."

Members took their business to other programs, so DTC shut it down.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist