DTC INFORMATION
CXAC has Never been current on filings. neither has ipwg...............

Micro Cap Stock Crisis and What You Can to Avoid it

by TOMALLINDER on JULY 17, 2011

Over the last few weeks a lot has happened in the micro cap world. Probably the biggest thing is the fact that one of the largest clearing houses, Penson Financial Services, will no longer clear stocks under a dime.

A few weeks ago, Penson put in place a new policy that essentially paralyzed all stock deposits, clearing and what have you for sub dime stocks. This new policy is across the board meaning no certs, no DWAC, DRS, ACAT or any other method for any stock under a dime.

Obviously this does not affect companies that clear elsewhere… yet. Rumor has it that other big houses will follow suit.

There are two big impacts of this policy…

The first is self explanatory and we have already covered it; no more stocks of any kind under a dime through Penson. The second however is that many of the bigger online trading firms clear through Penson. This means that if a trader or investor who uses one of the big online brokers and they clear through Penson, that trader or investor cannot purchase shares of any stock trading under a dime.

How to get around this?

For the big online trading firms, if they expect to keep all those commissions they earn on the numerous daily trades on the thousands of Pinks and OTCBBs that are under a dime, they are going to have to clear these elsewhere. This may or may not happen and if it does, it will take a while. The only way to buy and sell stocks under a dime is through smaller firms and full service firms. Being that most of the action on these low priced stocks are by traders and especially day traders, that will not work well. Day trading and having to use a phone is like asking a neurosurgeon to do a delicate procedure wearing welding goggles and gloves.

I have spoken to individuals at many of the big Financial firms in NYC over the last several weeks. They are already moving to smaller clearing firms or setting up their own clearing in-house. It might surprise many to know how many big financial firms in the Big Apple deal with small stocks. There is too much money to be made to let the sub dime stocks fall by the wayside.

There is a caveat however… and here is the biggest point I will make in this article:

They will only take stock of companies that are FULLY REPORTING and DTC eligible. They do not care what the price is as long as the company is fully reporting.

In other words, there is a big weeding out underway right now.

Speaking of DTC eligible, those companies that have lost DTC eligibility are going to get weeded out too. Why?

Stocks that are not DTC eligible run a strong risk of having trading of their stock suspended by trading firms because of the expensive administrative nightmare it causes. What makes this even more painful is if the stock suddenly gets good volume. That volume will dry up as trading firms suspend trading in that security.

When a stock is not DTC eligible, all the week’s trades have to be settled through PAPER CERTIFICATES; it is expensive and time consuming and most trading firms do not have adequate resources to handle this especially on high volume stocks. To compound the problem, the traders of that stock receive an unpleasant statement the following month because the costs of the administration of non-DTC eligible stocks are passed on to the people who bought and sold the security. This can amount to several hundred dollars for each trader/investor.

If a stock is DTC eligible all transactions are handled automatically and electronically.

More on DTC eligibility…

One of the best ways to lose DTC eligibility is to register stock in any other form than an S-1. Many Pink Sheet and OTCBB companies are still doing things like 504s which is severely frowned upon by the DTC.

Many companies that have done a reverse split over the last year or so have had their stock “chilled” (non-DTC eligible) by the DTC. The reason they are getting chilled is because right after the reverse split takes place, the company registers more shares (usually through a 504) for sale. This pisses the DTC off and they chill the stock and no matter how many resources the affected company throws at the DTC, they continue to be chilled and the DTC becomes less responsive.

So the conclusion I have drawn is simple:

If you want the stock of your company to keep trading, become a fully reporting company and register new stock the way the DTC wants it done.

While these issues have caused much grief lately, I think for the marketplace overall it is going to be of great benefit to both the surviving companies, investors and traders.

We all know that many if not most of the Pink Sheet and some OTCBB companies out there are nothing more than ATM machines for the management team and their “investors”. Those companies that have no money and no business will be left in “no man’s land”.
Those companies that do clean up their act and become transparent will stand a much better chance of succeeding in business and in the marketplace. The pool of investors and traders will remain the same or grow while the companies to select from will be far fewer in number.

There will always be sub dime and sub penny stocks to trade and invest in, there will just be fewer and the companies will be more transparent.

http://www.hotstockchat.com/micro-cap-stock-crisis-and-what-you-can-to-avoid-it/

this is where i found the previous post.....................


Link...hearing

http://www.sec.gov/news/digest/2011/dig072011.htm

this is one of the other stocks that was chilled for the same reasons and same time that cxac was chilled...................

here's the entire relavant material on sec hearing:

Open Meeting on July 26, 2011 at 10 a.m.
The Commission will hold an Open Meeting to hear oral argument in an appeal by International Power Group, Ltd. (IPWG) from action by the Depository Trust Company (DTC).

DTC operates an automated, centralized system for book-entry movement of securities positions in the accounts of its Participants, broker-dealers and other firms, with respect to trades of Eligible Securities. DTC provides two levels of services to its Participants for Eligible Securies: (1) a full range of depository services including book-entry delivery and settlement, and (2) custodial service. IPWG is a Delaware corporation corporation, the common stock of which was accepted by the DTC as an Eligible Security for all purposes.

On September 30, 2009, DTC issued an “Important Notice” that stated, “As a result of [certain civil litigation], DTC has suspended all services, except Custody Services, for [the common stock of IPWG].”

IPWG challenges DTC’s issuance of the Important Notice. Issues likely to be considered at oral argument include whether the Commission has jurisdiction to hear IPWG’s challenge pursuant to Securities Exchange Act Section 19(f), and the extent to which DTC is required to provide fair procedures to issuers such as IPWG pursuant to Securities Exchange Act 17A(b)(3)(H).

Open Meeting on July 26, 2010 at 11:00 a.m.
The subject matter of the Open Meeting will be:

Item 1: The Commission will consider whether to adopt Rule 13h-1 and Form 13H under Section 13(h) of the Securities Exchange Act, to establish a large trader reporting system to identify market participants that conduct a substantial amount of trading activity and collect information on their trading.

Item 2: The Commission will consider whether to adopt amendments to rules and forms under the Securities Act of 1933 and Schedule 14A under the Securities Exchange Act of 1934, to replace references to credit ratings with alternative criteria. These amendments are in light of Section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Item 3: The Commission will consider whether to re-propose rules related to shelf-eligibility for asset-backed securities and request additional comment on an outstanding proposal to require asset-level information about pool assets.

Item 4: The Commission will consider whether to adopt rule and form amendments under the Securities Exchange Act of 1934 and the Investment Company Act of 1940 to require an institutional investment manager that is subject to Section 13(f) of the Securities Exchange Act to report annually how it voted proxies relating to executive compensation matters as required by Section 14A of the Securities Exchange Act, which was added by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact the Office of the Secretary at (202) 551-5400.

at this point in time its a pretty good assumption that the company [gyph]is not the reverse merger partner that Whitney was talking about. BUT, gyph is about to explode. do your dd and check it out. it seems that itro has hit a boulder it cant get thru. glta, ;]

the potential is our only hope, hopefully someone out there can see what ipwg has to offer and then ipwg can move on. imho. glta ;]

thanks ray, my faith in you has faded a little. but, it has come back and im ready to get aboard and move forward with you. my best wishes to you and yours. hope all is well. thanks again for the up-date. keep'em coming.

im not sure if anyone is watch gyph here, but their about to start making their move with construction and recovery of metals.... still not 100% if itro is doing the r/m with gyph, but they look to be going in the right direction. do your dd and check"em out. glta. ;]

i guess they answered my question. now, lets all hope they find the mother of all loads. gyph is pretty good with their up-dates, i just hope they keep updating us with their finds of metals. glta ;]

i wonder how well the presentation went yesterday at the steak house? i really hope it went well. glta ;)

realistically, if they are sitting around a table and they of course want the same things,(for ipwg to succeed) then why hasn't the Irish group demand to change the way ipwg does business. imo the Irish have no clue either. ipwg needs to be bought out by some waste management company that has a running and successful record. i have been here a long time with many shares, and i try not to post to much. so that's my opinion. thanks. ;]

does it really matter, who is going to run the new regime? there isn't anyone that we know on the b.o.d. that has any concept of how to run this company. if ipwg was to be bought, and a completely new b.o.d. came in; then and only then will i have some sort of belief that ipwg will succeed. until then, it will be worthless! this is of course in my opinion only. good luck to all!!!!!!!!!

the Irish group has been with ipwg for over a year now on the b.o.d. why would anyone think that they would do any better then peter or whoever...... if they haven't spoke up by now, they are just as guilty as all else for the failure of this p.o.s. company.

when are they going to start getting the gold and silver and copper and.............

seems worthless until we get someone to promote the sh-t out of it who has some kind of back bone.

i just listened to the interview on money tv with john whitney and decided to never buy another share of itro ever again. what a drone of a man, he cant even expand on his own company for christ's sake. what a dim-whit he is, he was asked about the settled case and just mumbled a couple of words and waited to be asked another question and muttered some more words and then the host seemed like he could not get him off the air quick enough. And hes the one representing itro, no wonder its not going anywhere. itro needs help in advertising and itro needs to get john whitney far away from everything but the labs, arent there locks on those lab doors to keep j.w. away from the public?

someone really should look into starting a law-suit of some kind. all the investers in ipwg have been lied too for years. the proof is in the pr's. there has not been one bit of any fruitation from any news that has come out in any form to benifit the investers; we have been duped. lets sue the one's that are responsible for all the lies and deceit.
dont you [all investers] basicly feel the same way?

thanks agNau, that really is a refreashing update on silver. i happen to have accumalated a nice poudage of silver for the last 18 months; instead of putting it into itro and the reason why is very obvious. managment is horrible! IF itro can just get the word out what its potential is itro would be a "google" like stock. we need new managment. we need new managment now!

it most likely would be a good day for itro if there was anyone who knows about itro. glta.

from what i saw at a glance they have approx. 21 clients that are pretty decent players in differant fields. imo asfx is going to hit it big, and i say that just for the recent pr's. they are not big but they are steady. when the big ones start to come out asfx will get much more exposure and then the big players will come into play with asfx for a while. good luck to all.

why such a stupid response, im in for the reasons i said. if there is a way for dim-wit to move to the side and hire a public relations team, itro will prosper. whats wrong with you that you cant read a lil "out burst" that you answer me with such stupidity;muniros?

if this is whits plan, then wow, he is doing a great job,wtf. you want cheappies, well go get em. do any stooges have anything to say about this fantastic stock. i've been hear awhile and the pps has never really done anything special. i stay in because of the reasons i bought, the potential is great. this should have been in the teens about a year ago with the expansion of silver alone. it seems as this is dead in the water because of horrible management. i also know that others have been hare alot longer then i. the potential is great, but then again, without anyone pushing itro to let the world see it, its not ever gonna go. itro needs new management. thats the bottom line!

that my friend will not be a problem!

im hopeing that all my penny stocks have well hidden news that will come out this week.

im really not that great with short term, or long for that matter. imo i hope that it will keep the pps the same or maybe drop a little till the 10mil has been bought up. then imo it will show that this is a legit company and hopefully do a reverse merger with itro which is a very good possibility. at that point we will see a big increase in pps, i kinda think gyph is undervalued at this point. good luck to you and all investers in gyph.

what has happened to the reverse merger. it was supposed to happen 2/1/11. has it happened or not. was it postponed or not. can someone let us know whats going on. i hope fed is just sitting around drinking his kool-aid.

its just about that time to buy some more silver bars from itronics.

that is a great read about gyph. lets get together and get this thing going. im ready to improve my position tomorrow.

Guitarzman, i and im sure many agree with you. if i found out something that i thought all investers should know, i would post once, twice, maybe three times; but to pound it out everyday and night, i don't think so. if investers didn't wanna listen to me that would be their problem, not mine. maybe every once in a while i would remind the board but not where it is annoying to no end. they are paid bashers to keep it down until something beyond their control raises the pps. i do wish all investers the best of luck, imjtw2u.

i will continue to post updates from the c.e.o. of cxac, one of the other companies that has a chill put on it just like ipwg and for the same reasons and case. it seems that cxac's ceo is more intrested in the shareholders then the bod of ipwg, well here is the update............................




January 27, 2011
Dear Shareholders:
We at CXAC would like to clarify a few things about the DTCC Freeze and what it will take to lift the freeze:
1. Since the DTCC put a Freeze on CXAC, CXAC has been in constant contact with the DTCC. In the beginning,
when we could not get any answers from the DTCC, we reached out to their General Counsel. If there had
been a way to lift the freeze, immediately, we would have found the solution.
2. CXAC was not named as a Defendant in the Litigation by the SEC. CXAC just did business with two of the
three parties that were named. For that reason, and that reason alone, the DTCC put a Freeze on us.
Right after the DTCC put the Freeze on, I personally spoke to the SEC, who said that the DTCC was a
private company, which they had no control over. The SEC spoke to the DTCC, but the DTCC would not
remove the freeze.
3. To lift the DTCC Freeze, we need to get a Broker Dealer to re-apply to the DTCC. We have our accountant
and attorney working on it and will have a better time line in the next week or so.
4. During the past year, CXAC has been concentrating on its marketing programs for Re Juv by Caci. We
believe that we now have the programs in place that will work and produce revenues on a daily basis.
Please know that we have been hard at work and in the near future, all of our hard work will be paying off. Even
with all of the issues that we have gone through in the last year and a half, we have survived and, I believe, will be
coming out of it healthier than ever.
Once again, we thank you for your continued support.
Sincerely,
Jorge Bravo
President/CEO

Peter and I should have been billionaires with this company, but ego and control was more important.....................

in my opinion, that is the most honest statement i've read here in a while. control is peters main objective and nothing else mattered. thank you jack.

Between February 10, 2010 and March 1, 2010 - 126,015,003 shares were issued.

The high was $0.0075 and the low was $0.002 – you subtract that and you get $0.0055 – then you divide that by 2 for possible stock loans and you get $0.0028 – then you multiply $0.0028 by 126,015,003 = $346,541.



That is only from February 10, 2011 thru March 1, 2010, that isn’t bad for 18 days.

INTERNATIONAL POWER GROUP, LTD

(A Development Stage Company)

CONSOLIDATED BALANCE SHEETS

(Unaudited)











June 30, 2008

December 31, 2007


(unaudited)

(audited)

ASSETS




Current Assets




Cash
$ 7,659

$ -

Miscellaneous receivable - net
22,492

32,182

Stock subscriptions receivable
110,000

-

Prepaid expenses
24,567

133

Total current assets
164,718

32,315

hen




Other Assets




Patents-net
2,150,412

2,300,000

Deposit
27,000

16,766

Other assets
14,362

14,360

Total other assets
2,191,774

2,331,126

Total Assets
$ 2,356,492

$ 2,363,441






LIABILITIES AND STOCKHOLDERS’ EQUITY




Liabilities




Accounts payable
1,050,293

955,111

Accrued expenses
20,603

38,336

Loans payable to related parties
459,069

755,874

Acquisition payable
962,057

962,057

Convertible loan
188,493

-

Deposits for Stock
20,000

-

Total current liabilities
$ 2,700,515

$ 2,711,378






Stockholder's Deficit









Common stock: authorized, 750,000,000 shares of $.0001 par value; issued and outstanding, 465,001,973 and 373,441,971 shares, respectively
4,650

3,734

Capital in excess of par value
26,006,048

17,434,713

Additional paid in capital - Warrants
2,747,090

1,568,702

Additional paid in capital - Options
3,800,000

3,653,000

Accumulated other comprehensive income
(195)

1,869

Deficit accumulated during development stage
(32,901,616)

(23,009,955)

Total stockholders’ deficit
(344,023)

(347,937)

Total Liabilities and Stockholder's Deficit
$ 2,356,492

$ 2,363,441








The accompanying notes are integral part of these consolidated financial statements

i might be wrong, but it does say gryphon and was posted on a gyph site. read on....................[ohhh, i see, minerals]sry.

West Africa-focused Gryphon Minerals, an exhibitor at the Mining Indaba 2011, has formed a strategic alliance with Tawana Resources to assist the company with exploration permits in Liberia.

Gryphon will help Tawana identify and acquire permits and the two companies will also jointly explore permits, which are outside Gryphon’s core geographical growth strategy.

Gryphon will assist Tawana in establishing itself in West Africa and provide high-level technical, operational and logistical advice. In return, Gryphon will hold a 15% strategic stake in Tawana, while continuing to focus on its exploration and development plan for its Banfora gold project, in Burkina Faso, and the Tijirit gold project, in Mauritania.

“Through our strategic interest in Tawana, Gryphon is able to gain exposure to potential world-class discoveries in gold and, as importantly, other minerals, in other West African countries, while we maintain our focus at Banfora and Mauritania,” says MD Steve Parsons.

Parsons notes that the alliance with Tawana combines the exploration and technical expertise of both companies, and effectively delivers Gryphon a low-risk, early-stage exploration arm.

Meanwhile, Tawana CEO Len Kolff notes that the support of Gryphon’s experienced technical team will complement Tawana’s existing technical capabilities, and will put the company in a strong position for exploration success in West Africa.

“Liberia has significant potential to host large, world-class deposits of gold, copper, iron-ore and other minerals, yet it remains largely unexplored,” he adds.

Kolff notes that the first acquisition under the alliance will be a highly prospective mineral permit application, covering 3 800 km2
of ground in Liberia. Areas under the application cover previously unexplored Archean and Birmian greenstone belts, with sequences
of banded iron formation, volcanoclastics and mafic rock types that are highly prospective for gold mineralisation.

i dont think gyph is the company anymore that itro will r/m with. gyph came out today and announced an african company that they are merging with. lucky me. i have a nice position in gyph, go gold and silver and diamonds. glta, :)

vicstock, for all those reasons that you mentioned is why i invested in ipwg, for their potential to be a great contender in the waste to energy buissness. i have been here about 3 years now and ipwg has the same potential but has done absoulutly nothing with it. these other companies have movement, and expirations and they all are working on something, unlike ipwg that has nothing and is working on nothing but to screw over the shareholders. for the 3 yrs im invested thats all that ipwg has done and has done very well. you as well as others need to open your eyes wide and look around at ipwg, and see it for what it is worth. {.0003} is this why you invested in ipwg to have your share price dissolve into almost nothing. i wish good luck to all in their other investments cause this one has had it. sell on the bounce, right cashor hash. ;)

did anyone see this today.............................


American Scientific Resources, Inc. (ASFX) - Strategic SWOT Analysis Review

American Scientific Resources, Inc. (ASFX) - Strategic SWOT Analysis Review - new company profile published
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2011-01-21 16:18:55 - American Scientific Resources, Inc. (ASFX) - Strategic SWOT Analysis Review - a new market research report on companiesandmarkets.com


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one more thing, i do not read italian. but at the end of the box where ipwg is concerned it mentions "kyoto". that has to do with a world wide reduction in power plant emissions, pollution. in-which our wonderful X-president g.w.bush did not vote in favor for, and denied that the us produces the 2nd most polutants in the world next to china.

i do not need convincing, i just need to know the facts. if it is our lil gem then that is absoulutly fantastic news and dd. but if its not, then we will have another wasted week or two of-it is, it is not,it is,it is not.................come on with all the baby stuff between all. lets just make sure that all the info is correct. thats all im asking, thanks.

until more is found out about the relationship with these other companies, lets make sure its our "ipwg" not the power company that we are so easily confused with. dont start going on a teir that now we have proof of this and that. do a little more dd and lets see what it is all about. ok, glta. ;}

im in a company called mdin, which im sure a few here are familiar with. jamon1, im pretty sure that cxac dosen't have the rights to snoreze, im pretty sure that mdin still has the rights to snoreze and they aren't doing anything with it, including selling the rights. the coo of mdin has a blog and can be asked about this matter. when/if i get a response/answer i will inform all here as to who has the rights to snoreze. lets just hope that this chill is lifted real soon and it takes off. glta.