CS Diagnostics Corp (FZRO)

[BigBuy57]

Sounds like a fundamental MISUNDERSTANDING of what creates a DTC deposit chill. Chills are NOT issued to punish CEO's. They occur when there is a questionable securities transaction.

In the case of ESCU / EDWY a deposit chill was issued because of an ongoing lawsuit between Fairhills Capital (Edward Bronson) and the SEC. Bronson received restricted consulting shares in EDWY in 2006 for introducing EDWY to NIR, an institutional funder.

That's all it took for DTC to issue a deposit chill - Bronson holding a few shares of restricted EDWY stock. EDWY DID NOTHING WRONG. Quite a few other companies got the SAME treatment.

The good news is that the recent S1 filing can be the vehicle to having the chill removed. DTC typically removes its chill when the SEC approves the S1.