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Re: None

Wednesday, 10/07/2009 4:30:08 PM

Wednesday, October 07, 2009 4:30:08 PM

Post# of 159799
I have received 2 important messages from the Senate Finance Committee's Mr. Kyle Burns today related of course to our BCIT situation. These messages, especially the 2nd one, let us know that, while the PR we got yesterday was a winner bar none, we still aren't there yet.

in my first message I got today, I asked Mr. Burns:
(my ital)

Please ask the DTCC to lift the lock on BCIT clearing services immediately if you would be so kind.

http://www.globenewswire.com/news.html?d=174873


__________________________________________________________
MR. BURNS REPLIED:

Not how this works. I’m sure by now you’ve seen that the SEC has officially requested Mr. Megas to complete the filings. If and when he does this and the SEC is satisfied, the DTCC will revisit the global lock at that point. As I stated numerous times before, the Senate Finance Committee cannot force the DTCC to do anything.


(my bold)

IMHO

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