OMID Holdings Inc (OMID)

[pennystockwallstreet]

DTC Chills

"Occasionally a problem may arise with a company or its securities on deposit at The Depository Trust Company (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. For more information on DTC chills and freezes, please read our investor bulletin “DTC Chills and Freezes.”

http://www.sec.gov/answers/dtc-chills.htm

This chill was place on the former owners of AVOP.

From PR>>>

"Recently Marijuana Incubator Group updated OTC Markets in an effort to be compliant with the exchange and now turns to concentrate on filing the initial application for DTC approval. Furthermore, the Company is embarking on face-to-face negotiations with financial partners who are expected to be key contributors in Marijuana Incubator Group's advantageous business model. Moreover, after careful review the Marijuana Incubation Group management team has agreed to not reverse split the stock at any time in the near future, as the current capital structure is sufficient to accomplish the Company's goals."




*All info in post provided, is (as is) for informational purposes only, not intended for trading purposes or advice. NOT licensed broker. PSWS