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http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/set/0846-11.pdf
#: B0846-11
Date: August 5, 2011
To: All Participants
Category: Settlement
From: Settlement Department
Attention: Settlement Manager/Managing Director/Cashier
Subject: Clean up of Aged Fails in Select Globally Locked CUSIPs
DTC will support a program to facilitate the industry's clean up of aged fails in select globally
locked securities. This notice details the information necessary for firms to participate in this
program, which is scheduled to occur during the period August 15, 2011 through August 19,
2011.
Background
DTC may impose certain restrictions on a security in situations where DTC may become aware of
certain potentially illegal or otherwise questionable features of a security, its issuer or other principal
parties. In addition, DTC may place restrictions when it has been informed by the issuer or its agent,
regulators or law enforcement, or has other compliance concerns that its Cede & Co certificate
inventory has been compromised due to unauthorized, altered, fraudulent or counterfeit share issuance.
If DTC reasonably suspects that all or a portion of its street name holdings of a security, may not be
fungible and freely transferable as required for DTC services, it may decide, with respect to that
security, to chill one or more of its services or place a global lock on all services, as it deems
appropriate.
Impact of a Global Lock and Trade Fails
A global lock on a security prevents the security from being transferred on the books of DTC and
otherwise restricts any DTC activity with respect to the security. For so long as the global lock is in
effect, Participants are unable to settle any further trades in that security, as their inventory is frozen
and settlement of pending trades will fail. If counterparties nevertheless continue to trade in a security
which is globally locked and those trades are submitted to DTC for settlement, those trades will also
fail and be rejected in DTC’s system.
In connection with certain designated CUSIPs (see Exhibit A attached), although DTC issued an
Important Notice to its Participants to advise that the global lock was implemented, many Participants
Non-Confidential 2
did not immediately stop trading in these securities and additional trades occurred, so that firms
experienced a growing number of trade fails.
DTC has been working proactively with the industry to increase awareness of our global lock process,
to eliminate these difficulties in future. DTC also enhanced its procedures to expedite the release of
any Important Notice reflecting a global lock, so firms can promptly halt trading in affected securities.
Additionally, DTC implemented on June 10, 2011 a global lock reason [code] on its security master
file and related outputs (ELIS and DWIZ files - see important notice B-0811-11 dated May 24, 2011 -
http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/0811-11.pdf) to allow Participants to receive
an automated notification in the event a global lock occurs. This enhancement provides Participants
the ability to update their systems to automatically block future trading of affected securities, as well as
alerting Compliance areas of the Participants so that they may investigate activity related to these
securities.
Despite these improvements, Participants and DTC have a legacy issue of accumulated trade fails that
occurred prior to these enhancements.
Proposed Solution
Working with the Participants, DTC identified a number of options and determined that the preferred
solution is to lift the global lock on designated CUSIPs for a limited period of time, to allow
Participants to take appropriate steps (including any appropriate segregation updates) to make
deliveries that will resolve outstanding fails in the designated CUSIPs. DTC will report all such deliver
orders during the specified period to the Securities and Exchange Commission.
DTC cautions participants that, if a participant were to make or receive deliveries to or from a
party other than the original counterparty or the NSCC assigned counterparty, which resulted in
the fails in the designated CUSIP, change of such counterparty to the transaction likely would be
deemed to be effecting a new transaction.
Securities subject to a trading halt by the Commission will be excluded from this program. The
attached list will be re-verified during the Amnesty period and if any securities are subsequently found
to be subject to a trading halt, they will be excluded at that time and Participants will be informed via a
subsequent important notice.
As to these designated CUSIPs, however, DTC will not lift the related deposit chill. If there are failed
deliveries in these CUSIPs that are dependent upon physical securities held outside of DTC, settlement
of those trades must be effected by physical delivery outside of DTC.
As outlined below, DTC will offer Participants the opportunity to make the necessary updates and
deliveries to complete their failed transactions during a specified limited time period, as follows:
DTC will lift the global lock and the SEG chill on Friday night, August 12, 2011 until
approximately 5:00 PM Friday night August 19, 2011. DTC will maintain chills on other
services including deposits and withdrawals to prevent any unintended transactions from
occurring. This update will permit participants the ability to send in their memo seg
instructions and permit them to segregate or release positions in these securities for several days
in advance of the delivery time period outlined below,
Non-Confidential 3
The Eligible Securities (ELIS) files will systematically reflect the global lock and SEG chill
removals and are typically available to participants between 7:30 PM and 8:00 PM EST each
day.
The Data Delivery Service (DWIZ) change files will also reflect the global lock and SEG chill
removals and are typically available to participants between 9:00 PM and 10:00 PM EST each
day.
In addition, on the evening of August 17, 2011, DTC will also remove the DO chill on all
CUSIPs identified below. This change will also be reflected in the ELIS and DWIZ files
created on the night of August 17, 2011. This will allow all participants to submit deliver
orders to DTC for processing on the next 2 business days, August 18 and August 19, 2011.
Obligation Warehouse (OW) users should include the OW control number on all DOs to ensure
that the settlement status associated with these obligations is updated in the OW.
These CUSIPs will maintain this “unlocked” status until the night of August 19. This will
permit participants to have two business days to process instructions against an ELIS and
DWIZ files that contains the changes to the affected CUSIPs.
DTC will continue to accept MSEG, SEG and Deliver Order and reclaim instructions for all
CUSIPs identified below until the applicable valued cutoffs occur or approximately 5:00 PM on
August 19, 2011.
Prior to the night cycle beginning on August 19, 2011, DTC will restore all CUSIPs to their
original status by reinstating the SEG and DO chills as well as the applicable global locks. Any
future dated transactions or additional input after the status is reinstated, e.g., memo seg, Night
Deliver Orders will reject.
If you have any questions regarding this notice, please contact your Relationship Manager.
Non-Confidential 4
# CUSIP Security Description Symbol Date of Action
1 913513107 UNIVERSAL FOOD & BEVERAGE INC N/A 04/28/11
2 48254P106 KMA HOLDINGS MCDA 04/25/11
3 57059N109 MARKETING CONCEPTS INTERNATIONAL MCCI 04/15/11
4 572356202 MARSHALL HOLDINGS INTERNATIONAL MHLI 04/15/11
5 69372L850 PACEL CORP PCLO 04/15/11
6 81213Y108 SEALIFE CORP SLIF 04/15/11
7 933706103 WANNIGAN CAPITAL CORP N/A 04/15/11
8 936902501 WASATCH PARM INC WSHP 04/15/11
9 08520E103 BERMAN CENTER INC BRMC 03/31/11
10 47188V205 JAVA DETOUR INC JVDT 03/31/11
11 54141Y102 LOGISTICAL SUPPORT INC LGSL 03/31/11
12 74266D303 PROELITE INC PELE 03/31/11
13 98953T107 ZICIX CORP ZICX 03/28/11
14 169382108 CHINA DIGITAL MEDIA CORPORATION N/A 03/18/11
15 37990T100
CHINA MOBILITY SOLUTIONS INC
(NOW KNOWN AS GLOBAL PEOPLELINE)
GPPL 03/18/11
16 554042101 M-WISE INC MWIS 03/18/11
17 71943E100 PHYSICAL PROPERTY HOLDINGS INC PPYH 03/18/11
18 74161T106 PRIMEGEN ENERGY CORP PGNE 03/18/11
19 80917T308 SCORE ONE INC SREA 03/18/11
20 81941R102
PINGCHUAN PHARMACEUTICALS INC
(NOW KNOWN AS SHANDONG ZHOUYAN SEED &
NURSERY)
SZSN 03/18/11
21 98159A100 WORLDWIDE BIOTECH AND PHARMACEUTICALS WWBP 03/18/11
22 003865102 ABSOLUTEFUTURE.COM AFTI 03/03/11
23 12619H100 CO2 TECH LTD CTTD 03/03/11
24 727563108 PLASTICON INTERNATIONAL INC PLNIQ 03/03/11
25 847248200 SPATIALIGHT INC SPLT 03/03/11
26 92922N101 WAMEX HOLDINGS INC WAMX 03/03/11
27 137693107 CANNON EXPLORATION CNEX 02/17/11
28 456635101 IFINITY MEDICAL GROUP IMGR 02/17/11
29 83420E107 SOLEI SYSTEMS, INC. SOLI 02/17/11
30 189098106 CLOUD CENTRIC SYSTEMS INC CLDR 02/03/11
31 86273M100 STRATEGIC MANAGEMENT INC SMPP 02/03/11
32 01551R101 ALGAE FARM USA INC COM ALGF 01/27/11
33 054617105 AXIS TECHNOLOGIES AXTG 01/21/11
34 37950D103
ZCOM NETWORKS INC (N/C TO GLOBAL GATEWAY
MEDIA & COMM)
GGMC 01/21/11
35 422463109 HEATHROW NATURAL FOOD AND BEV HRNF 01/21/11
36 554187104 MACADA INC MCDA 01/21/11
37 670762202
PERIHELION GLOBAL INC N/CTO NY MET
HOLDINGS
NYMH 01/21/11
38 682347208 141 CAPITAL INC ONCP 01/21/11
39 749283206 RBID.COM INC NEW RBID 01/21/11
40 749318101 RCC HOLDINGS INC RCCH 01/21/11
41 78249M603 RUSSELL INDUSTRIES, INC RUSL 01/21/11
42 886352202 TIDALWAVE HOLDINGS INC TWVH 01/21/11
43 71643L107 PETRO AMERICAN CORP PTRZ 11/26/10
44 922576202 VELTREX CORP VLXC 11/15/10
45 05546H102 BIH CORPORATION BIHC 10/01/10
46 749126207 QURI RESOURCES INC QURS 10/01/10
Non-Confidential 5
# CUSIP Security Description Symbol Date of Action
47 076012202 BEDERRA CORP BEDA 09/16/10
48 37364Q104 GEOTEC INC GETC 08/17/10
49 346196108 FOREST RESOURCES MNGMT FTRM 06/11/10
50 849109103 SPONGE TECH DELIVERY SYSTEM SPNG 06/02/10
51 638691105 NATIVE AMERICAN ENERGY NAGP 05/27/10
52 00725F308 ADRENALINE NATION ENTERTAINMENT NA 05/14/10
53 00764K101 AEGIS ASSESMENTS, INC AGSI 05/14/10
54 12507U106 CDI DEVELOPMENTS, INC NA 05/14/10
55 16938L106 CHINA GOLD CORP CGDC 05/14/10
56 29445M103 EQUIPMENT AND SYSTEMS EQSE 05/14/10
57 380795104 GOLDEN APPLE OIL AND GAS GAPJ 05/14/10
58 38144Y102 GOLDMARK INDUSTRIES INC GDKI 05/14/10
59 39573M106 GREENSTAR LIGHTING GRLH 05/14/10
60 46262T102 IPACKETS INTERNATIONAL IPKL 05/14/10
61 54147U104 LOM LOGISTICS INC LOMJ 05/14/10
62 63008E109 NANO FORCE INC NNFC 05/14/10
63 92855W102 VIYYA TECHNOLOGIES INC VYON 05/14/10
64 53219E808 LIFELINE BIOTECHNOLOGIES, INC LLBO 05/03/10
65 84915Q100 SPOOZ, INC. SPZI 05/03/10
66 G4411NAA5 HERITAGE INV CAP LTD, Ltd 9% 8/31/2010 N/A 04/21/10
67 607587409 MODERN ENERGY CL B MDRG 03/25/10
68 607587201 MODERN ENERGY N/A 03/15/10
69 39573P208 GREENSTONE HOLDINGS INC GSHN 02/23/10
70 272023102 EAST DELTA RESOURCES CORP N/A 02/05/10
71 01374L109 ALCHEMY CREATIVE INC ALMY 01/26/10
72 08782W106 BEVERAGE CREATIONS INC BVRG 01/26/10
73 62847C100 MY VINTAGE BABY MVCY 01/26/10
74 61944V102 MOSAIC NUTRICEUTICALS N/A 01/12/10
75 256647108 DOLL TECH GRP INC DTGP 10/13/09
76 169364106 CHINA ADNET ENTERPRISES CAEJ 10/13/09
77 50115V108 KSW INDUSTRIES INC* KSW 10/13/09
78 45775F104 INNOLIFE PHARMA INC INNF 10/13/09
79 53184V108 LIFE EXCHANGE INC LFXG 10/13/09
80 527299101 LEVEL VISION ELECTRO LVLV 10/13/09
81 54569N109 LOTTA COAL INC LCOL 10/13/09
82 559071204 MAGELLAN ENERGY LTD MGLG 10/13/09
83 568093108 MARINAS INTERNATIONAL INC MNSI 10/13/09
84 73035T102 POCKETOP CORPORATION* PKTO 10/13/09
85 902658103 UDS GROUP INC. COM UDSG 10/13/09
86 91021P207 UTD ENVIRO ENERGY CORP UTEM 10/13/09
87 91688L200 UPTREND CORPORATION UPCP 10/13/09
88 92909T204 VSHIELD SOFTWARE CORPORATION VSHE 10/13/09
89 98148A203 WORLD HOCKEY ASSOCIATION WHKA 10/13/09
90 929367100 WW ENERGY INC WWNG 10/13/09
91 294113105 ENZYME ENVIRONMENTAL EESO 09/30/09
92 761379106 REVENGE DESIGNS RVGD 09/30/09
93 22743P100 CROSS ATLANTIC COMMODITIES CXAC 09/30/09
94 46018A100 INT'L POWER GROUP IPWG 09/30/09
95 27031F102 EARTH BIOFUELS EBOF 06/17/09
I heard this stock is trading again...is that true? do you think we will see some movement soon?
pclo stopped trading in jan 2007 and we are still waiting.
asmaraHR was included in the staffing and outsourcing area on yahoo finance. it was apparently associated with this stock symbol. YHOh865 about the only place you can find this is on yahoo finance. since i have researched this AsmaraHR has been removed from that list.
http://biz.yahoo.com/ic/764_cl_all.html
today yhoh865 traded at over 858 dollars per share. a few weeks ago it was over 1000 per share.
goldman sachs held 20% of pclo. why would goldman sachs be interested in a sub penny stock unless they knew that pclo would go private.
if we can find out if goldman sachs sold their pclo stock after they went public then we get a better idea of where we stand. if goldman sold then why cant we.
did you guys get any notice from pclo that they would stop trading?
i didnt.
shawn
I don't know.
Just waiting here to see what happens.
new to this board.
since pacel corp changed its name to asmarahr and is now a private compnay what happens to our shares we hold?
This stock has traded average 1 million shares in the past 10 days, today 80000 shares have traded.
I gave up on this company and moved on to me it's dead
Check out the ticker symbol RSGX, same address as Pacel Corporation, website www.trsginc.com. Do you think as shareholders we can all sue this company?
RSGX, new ticker symbol which has the same address as Pacel Corporation. I bought 5 shares on 12/28/2009, that's all that my order could buy after placing a buy for 1000 shares at .03 cents.
Go to their website www.trsginc.com. and find out what's going on with our shares, this could be a massive lawsuit for us the shareholders.
Somebody must of been released from the funny farm yesterday 1mil shares was bought!
something going to happen with this stock ?
going to jump high ?
Yes, we still post because this is American History like You have never, ever, seen. I have a dream, I had a dream, but it was stolen from all the small investors. Why?, because we are stupid and we are not lawyers. Why?, because we are poor and can not afford a lawyer. Why? Because our representatives do not represent us anymore. Why?, because if you think, you are considered a menace.
Folks, hold on to your insights of stock you feel will grow in the future, keep them, don't sell them. That could be your retirement, but don't spend your car payments, rent or bills money on stocks, only your extra petty cash.
Research axas, wbre, nwtt, bgnn, exrg, gwtr, cxgrq, homs, llbo, research before you decide to invest.
I would rather go from riches to rags
In looking at your choice of stocks, I'd say you're well on your way.
Altomare was and is a crook.
I would rather go from riches to rags, if noone can understand this.
Good luck with that.
Janet, Richard A. Altomere has or had a great mind. His business model was once in my mind. International post office. But sometimes our potitical system doesn't want international affairs. He is an American, a mind that could have drawn billions of dollars of taxes to the United States, but some entity, stopped him. If you just talk to this man, he does have an insight on business that I myself have never seen in my lifetime. I would rather go from riches to rags, if noone can understand this.
What on earth do you mean by "on the Internet"? Naturally bigtime scams leave an electronic trail.
But the stock no longer trades, and it will never trade again.
FUTURE is the internet and time has not ran out on USXP, THEY are still on the internet today. Once it's off, then and then I will know it's entity controlled.
USXP's time ran out.
I disagree with you. Nobody gives anything for anything. Time is equal for everything.
Well, USXP's registration has been revoked. End of story.
You know as well as I do, we penny-traders are not allowed to capitalize.
No, I don't know that. I see people making money every day trading penny stocks. The key is, don't buy and hold scam stocks.
1,000,000 USXP shares i own, you think im stupid. The goverment took over this stock in a receivership. CEO Richard A. Altomere filed complaints about short-selling this stock many years before this happened. You know as well as I do, we penny-traders are not allowed to capitalize. You think your smart. Don't do your homework just protect those who protect you. Why do I have a voice. Because I dont need a voice. I dont even have a platform.
It's not just about losing money, it's about freedom.
By all means, exercise the freedom to flush your money down the toilet. It's your God given right to do so.
It's not just about losing money, it's about freedom. It's about independence to think, and buy what you like without someone over your shoulder telling you what to do. Wives and husbands are excluded. But no-one nobody should have the right to stock manipulation.
Losing money time after time gives you a rush?
Pacel is not about shortselling. It never was. It most certainly is about fraud. That's why Favara and at least one other person went to prison.
Just for fun that was the reason besides I'm totally against shortselling and fraud, it's not all about the money sometimes, it's sometimes all about the rush for the few of us.
Just for fun, I'll ask why on earth you repeatedly bought a stock that's done ten reverse splits.
Pacel has always been a scam, and some of the people connected to it have gone to jail. Why the SEC hasn't got round to putting it out of its misery is beyond me.
I bought 100,000 shares of this company on Dec. 28, 2009. Three business days after, Dec. 31, 2009, all trading on this stock stopped. I don't know if you know this but this stock has reversed split 10 times since 04/04/2002, which means their are a very few outstanding shares. Check the message boards for my message on stock symbol PCLO, maybe you can do a similar message and offer
1 million of your shares for 1 penny or whatever you think is fair, I only have 100,000 shares that is why I am asking 2 cents for 10000 of my shares.
On December 28, 2009, I bought 100,000 shares of PCLO. Why, I will tell you why... Since 04/05/2002 this stock has reverse split
10 times. Every time I owned some of this stock it would disappear out of my brokerage account. That means you no longer are a holder if you don't have enough shares to handle a reverse split. Today, I own 100,000 shares and I think this was the last straw that broke the camels back, I'm proud because maybe it was I who stopped the short-selling of this stock for once. If anyone wants some of these shares I will do a sell order for 10000 shares at .02 cents for the next 60 days starting Monday, January 18, 2010. Good luck. P.S. I think Pacel Corporation ran out of outstanding shares.
I saw more trading today and a buy @ .0001
woooo hooooo
anyone - anyone - bueller....
I think i saw a trade three months ago..
any chance that this will start trading again ???
anyone - anyone - bueller ???
any word on what might happen to the stock we still have hanging out there?
i still got a some of this and was looking for some info..
David E. Calkins plead guilty to securities fraud last month. He should be sentenced to prison any day now. Some of you old timers remember the fiasco.
I have still some shares of this nightmare.
Any news somewhere about this stock or no hope at all?
Does anyone know what is going on with the company ?
I own 9 million shares of this pos
This board is very busy. Something coming? LOL
Almost 10 Billion, maxxed out, and almost 50% Float.
Like this since a long time ago.
This is frozen due to the former CEO's reclamation.
If/once it is resolved, PCLO might move.
Some 'surge' in volume, today, LOL... 14 million shares traded.
I think one day this will explode for now I'm it's going to be on my watchlist
Nobody knows anything..... :*(
is there any published stats such as assets, sales, etc. on this one? Is Frank Moody still associated with this company?
I need to get out of this one. 40mill shares. anyone interested ?
They are in litigation. The new CEO is suing the former CEO. All of the information is posted on Raging Bull. Until the lawsuit is settled, I doubt this will see any volume.
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