DWAC / DTCC - We have been informed thatour application for Electronic Clearing of HHSE stock shares has been APPROVED. This is actually a surprisingly impactful development for several reasons:
a). LARGE INVESTORS - we have been handicapped from attracting some large and institutional investors to become HHSE shareholders because of the prior "paper certificate" handicap. With share issuances now available electronically, this obstacle has been removed.
b). TRACKING AND POLICING OF SHORT SALES - The DTCC clearing makes it easier to track and block short-sellers by eliminating the uncertainty of potential share availabilities against which to borrow to cover a short sale position.
c). SUPPORTING BROKERS - There are only a few brokerage houses at present in the USA that will handle the clearance of paper certificates. But the electronic clearing opens up HHSE Shares to be cleared by almost all brokerage houses.
It will take up to two weeks for Standard Registrar to complete the process of converting HHSE transactions over to all electronic issuances. Additional updates will be provided on this blog.
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