The CMKM RR noted on the Security Position Reports dated 4/14/06 has had much discussion this past weekend so I decided to take a chance and call the DTCC myself and inquire. Honestly, I didn't think I would get nowhere but here is the results of my conversation:
I called the Re-Organization Dept at 800-422-0582 and spoke with a Donna Woods. She advised me to speak with Sara in the Proxy Unit and transferred me to her. Her phone number is 212-855-5191.
Sara looked up the DTCC SPR dated 4/14/06 and indicated she had no idea what RR meant so she did a 3 way call with me and the underwriting dept (X1052-they would not give me the phone number, only the extension). The underwriting dept told me that they would not release the information to me since I am not a broker. I advised them that the brokers will not assist me with this (I have ETrade) and I want to know what RR stands for since this memo has been released and I am entitled to know.
I then specifically asked the underwriter if RR stood for REVOKED REGISTRATION. The underwriter stated he cannot provide me what I am looking for but did tell me that the RR does NOT stand for revoked registration and it is in relation to a REGISTERED security.
After he told me this he became very nervous and stated I was unable to ask him any further questions.
Joined: Nov 2005 Posts: 207 Re: DTCC Phone Call « Reply #21 on Today at 2:11pm »
-------------------------------------------------------------------------------- I have a friend who is a broker and asked him what RR stands for. This was his reply:
"Usually that holders would be able to purchase one share of common stock for every two rights held."
pickleman773 King of Diamonds
member is offline
Joined: Dec 2005 Gender: Male Posts: 718 Location: Chicago, IL Re: DTCC Phone Call « Reply #25 on Today at 2:29pm »
-------------------------------------------------------------------------------- Makes you wonder. Remember on the 20th the directors were filed for CMKM in Nevada. This looks good!
Today at 2:21pm, John3339 wrote: Seriously though, it does sound like someone is setting the groundwork for CMKX to be trading again...or at least give the appearance, to scare some of the uncovered borkers into giving some thought to settling...QUICKLY.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.