DTC POSITION REMOVAL; No transfer agent for 6Y+
Quoted:
Dear ______
_______ values you as a client and is committed to providing you with important information about your account(s).
What you need to know
Our records indicate that you hold the below-referenced security, which the Depository Trust Company (DTC) has classified as non-transferable.* As a result, effective 30 days from the date of this letter, your positions will be removed from your account.
Account: XXXX
Security: EMERALD DAIRY INC
Quantity: __________
Additional information
The removal of the security will be displayed as “PREM Removal” under the Transaction History in your account statement. Please consult a tax advisor regarding any tax consequences.
Since there is no transfer agent for this security, we are unable to register and deliver a physical stock certificate to you.
((( If your account remains open and we become aware of active transfer agent services for this security in the future, we will attempt to reinstate your position. )))
If your account is closed, we will attempt to contact you at your last known address.
Please retain a copy of this notification for your records.
*Non-transferable securities are securities of issuers that ((( have not employed the services of a transfer agent for six years or longer, often due to inactivity or insolvency ))), which the DTC has deemed eligible for its Position Removal Program (PREM). As outlined in the ______ Customer Agreement, ______ reserves the right to remove shares of non-transferable securities from your account, or charge a servicing fee to carry such positions on your behalf, at its discretion.”
End quote.
ME;
Previously thought corporate SHELL HIJACKING was the only threat to REVOKED REGISTRATIONS; but now this…
If you search EMERALD DAIRY, nothing but more good & great news from a decade ago pops up!
China cautioning perspectives, indeed.
This post has very valuable info for ALL China investors!
