Cross Atlantic Commodities Inc. (fka CXAC)

[profitableman]

MY take on the DTC problem:

to all positive and negative investors on this board. I bought heavily yesterday at .0001 which is really the low for this stock since we actually now have a REAL business. My position is close to 300,000,000 shares and I figured with that kind of hooch involved I would seek legal advice on my own about teh DTC freeze.

My attorney an SEC specialist explained it this way.

The good news is neither the Company nor the management of CXAC is in trouble. DTC has determined that the SEC chare is a SEction 5 alleged violation which simply means an "unregistered distribution" of common shares to teh tume of almost 1.7 billion or almost at this time 30% of the float. DTC is saying that they will not claer the trades at this time because they do not want to willingly or unwillingly keep transferring common stock that is allegedly unregistered. Once they made that determination
most brokers in America will not allow the buying and selling of the stock at that specific broker.Its very costly to make physical delivery to cleat a buy and sell and it cannot be done in the standard three day settlement period so they incur huge cots as weighed against the size of the small investors orders.
Thats why Etrade , ameritrade has put a chill on things and the list will continue to grow...
I use a platform from Goldman sachs and i cannot draw out my other profits until my CXAC trades settle which can take them upwards of 10-14 business days on average and they are adding the fED ex charges to my account. They send the cert physically to the TA to be broken up and then back to my account. It hurts me too!!

I asked my lawyer to call Jorge to see if he could intervene and he called me late last night. He suggested that he contact Washington SEC at the small business office and tell them that the civil action is putting a pall on the trading which in essence is an unintended consequence. They can give CXAC direction.. maybe a registration of stock or filing docs to ultimately satisfy the DTC. It will take some time and I will report back when I know what is going on..

It truly a wast here to discuss the DTC freeze. It will not be lifted until CXAC takes an affirmative stance soon
I agree with everyone that that fact has HURT the Stock!!
people are nervous and do not want to buy or sell a stock with a problem.

The good news is the Company is fundamentally sound with GROWING sales..If that changes then I sell and move on .. otherwise its time to accumulate it because when the DTC problem is cured this will fly again!
GLTA

The Profitable man!!