Monday, January 04, 2010 2:51:06 PM
information from its Transfer Agent (TA) Heritage Trust Company that it had identified
the source of the security stock's "chill". See filing Pink Sheets.
Heritage Trust Company had identified the source of the “stock chill” placed upon the
HTDS' security by DTC Special restrictions that can be placed on a given security by the
Depository Trust Company (DTC). Chill restrictions are intended to limit the potential
for problems within the financial marketplace; they can be placed on a security for
various reasons.
Owned by many financial companies, including the New York Stock Exchange, the DTC
acts as a clearinghouse for stock exchange securities, settling trades in corporate and
municipal securities. If the DTC has cause to be concerned about a specific security
currently processed through its system, it may place a "chill" status on the security. This
will restrict brokerages' ability to transfer the shares or units of the security through DTC
until the security's issues are cleared up or it ceases trading on the market
As an important result for the investors, the DTC lifted the trading restrictions on the
HTDS security and in the light of this new development HTDS looks forward to deliver
results and raise the stock value to its current long-term investors and introduce the
opportunity to new investors now able to trade HTDS stock. The issuer is of the opinion
that Pink Sheets should remove the “skull and bones” ranking shortly in concert with
DTC, unless other hidden agendas are at force.
HTDS feels this is a significant event for the investors and followers of , Hard to Treat
Diseases Inc.
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