PURA DTC Eligible; No Chill ...
Email from company ...
Apparently the word is not out in the brokerage network that a DTC Chill has been lifted.
That might account for the trading volume struggling to get going. Trading volume is pretty good for a company that hasn't traded for two years until a week ago. But it could be better. Once this DTC Chill is cleared up it will be interesting to see what happens to trading volume.
Here's the email from the company ...
PURA IS DTC ELIGIBLE – NO CHILL
AVAILABLE FOR PURCHASE THROUGH ONLINE BROKERS
(FOR EXAMPLE - ETRADE AND TD AMERITRADE)
The Company received a number of calls and emails yesterday (July 19, 2016) from investors apparently wanting to purchase PURA stock but being told by their broker that a purchase was not permitted at this time do to a DTC Chill.
The Company has no DTC Chill.
Under previous management and conducting a different business, Puration fell delinquent in its public reporting requirements. The Company was correspondingly placed under a DTC Chill.
Current management has rectified the delinquencies to include having the DTC Chill lifted.
The DTC informed the Company on March 17, 2016 that the Chill had been lifted.
If you are informed by your broker that the Company has a Chill, please let them know the Company has reported that the DTC Chill has been lifted and ask that they have their clearing firm or department check with the DTC directly.
If you trade through an online broker and receive a message from the system indicating a trading restriction, email or call the electronic brokerage firm with the information here.
Puration Contact:
Brian Shibley, CEO
info@puraitoninc.com
972-528-0162
