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Re: sidedraft post# 198

Saturday, 05/09/2009 10:48:32 PM

Saturday, May 09, 2009 10:48:32 PM

Post# of 270
Today, after all of these months without any stated policy, Zecco sends this email:


Thread-Topic: Worthless Security
Thread-Index: AcnP8COVZQQyp1pyRRCMd7TaNOHcgg==
From: "Customer Service" <customerservice@zeccotrading.com>

Dear Investor:

The Depository Trust and Clearing Corporation (“DTCC”) deems a security worthless and non-transferrable when a security does not have a transfer agent or Company contact for a period of six years or more. DTCC will charge all Zecco Trading customers for holding worthless and non-transferable securities monthly.

Each month, DTCC furnishes a list of all security ids (CUSIPs) that are worthless and non-transferrable. The report is compared to trading activity for each CUSIP. In some cases, a security may be trading, but is still deemed worthless by DTCC. The accounts that hold a CUSIP deemed worthless or non-transferable will be charged a fee of $7.50 per CUSIP per month unless Zecco Trading receives a written request to sell this position to worthless. You will need to send that request directly to Zecco Trading for receipt by the 22nd to avoid that month’s charge. All accounts that hold a CUSIP deemed worthless or non-transferable will be charged $7.50 per CUSIP per month at the end of each month. To request a worthless security to be removed from your Zecco Trading account:

Print and fill out a Request for Disposition of a Nontransferable Security form
Send it to Zecco Trading:
Fax to (626) 529-7077 -or-
Email to customerservice@zeccotrading.com* -or-
Mail to: Zecco Trading, PO Box 60670, Pasadena, CA 91116, USA

If DTCC receives information that a new transfer agent is assigned to the security, they will re-instate the position and we will do the same for the account.

Sincerely,

Zecco Trading, Inc


Step aside son, you're blockin' the MOMO! ... .. Disproving absence of evidence should be easy, show the evidence of.