TheGlobe.com Inc (TGLO)

[dinogreeves]

"Prior to having a security made eligible for DTC services, an issuer must appoint a transfer / paying agent that will submit and adhere to an Operational Arrangements Agent Letter filed with DTC. The issuer’s designated agent(s) will work with DTC on an ongoing basis on activities related to the servicing of its security. During the lifecycle of the issuer’s security, servicing activities may include income and redemption payments, and reorganization or corporate action events including tenders, consents, name change, reverse splits, mergers, bankruptcy, etc."