Remote Dynamics Inc (RMTD)

[vaporman]

One thing to keep in mind is RMTD is one of the few stocks that trade at .0001 and is a dark and defunct stock that does not have a DTC chill and trades by all brokers. Now why is that especially when Ameritrade and others will not trade most pink sheet penny stocks especially in circumstances like RMTD is in with no current reporting? Things that make you go hmmmmm.


DTC may at times place temporary or permanent restrictions on certain transactions, such as deposits or withdrawals of certificates. Such a restriction is known as a chill. For example, DTC may impose a temporary chill that restricts book-entry movement of securities, effectively closing the books and stabilizing existing positions until a merger or other reorganization has been completed.

Chills are also placed when, among other things, regulators take certain actions, or when there are questions about an issuer’s compliance with applicable law.


https://www.dtcclearning.com/learning/assetservices/products/issuer-services/how-issuers-work-with-dtc-faqs/678-what-does-it-mean-when-a-security-is-chilled-at-dtc.html