MyECheck, Inc. (fka MYEC)

[byrdiesoccer]

Why the 5,000+ brokers might not all be able to trade MYEC yet...

Reason 1. Many had MYEC as a DTC chilled stock (IMO they may have restricted the stock and had a chill on the previous canceled cusip #)

Reason 2

"DTC chills are very frustrating to small cap issuers: because the DTC provides a service to broker-dealers and “participants” in the DTC system and not to the companies themselves, the DTC is not obligated to inform issuers of the decision to chill stock!"

"As a result, the company is often the last to know. More importantly, it is very difficult (if not sometimes impossible) to find out from the DTC why stock was chilled in the first place. Having the chill removed is a “case by case” battle and lacks a legal structure or process for companies to follow. "

Reason 3

"The DTC has taken the position that it owes no particular duty to issuers to explain or review a chill decision despite the fact that a chill can be a death knell to the company."

Source- http://jpostlaw.com/dtc-chills-on-issuer-securities-has-the-sec-taken-a-step-to-halt-the-small-cap-ice-age/

IMO, it could take a couple more days or weeks for the "DTC chills" to be completely resolved across the 5,000+ brokers. I say this to say that volume will probably increase over time rather than all at once on a particular day or week.

This will be my last DD post on this board. GLTA