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Dear monda2frida -

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PSTINC   Monday, 03/22/10 06:53:13 PM
Re: monda2frida post# 47
Post # of 132 
Dear monda2frida -

RE: DTC eligibility - Unfortunately, it's not the TA who makes the stock ineligible. DTCC - the all knowing, all powerful entity who believes they are above the law, attempted to make ALL issues (regardless of it's cap size) DWAC / DRS. That's the term for electronic (book) deposits and withdrawals. Turns out years later after fighting quite the battle, DTC decided to (selectively) d-list small caps whose TA or themselves couldn't afford the enormous costs of DWAC. Now it appears it was a futile war since DTC lost that battle, they have now decided to refuse (selectively) DWAC transactions (after forcing so many TA's and issuers to absorb the costs) that don't meet their criteria. I wish I could tell you exactly what their criteria is but it seems to change more than the rules of football. They pick and choose and deem ACAT only one day and accept a physical cert the next. If I may, I'd like to explain what's happening here. In short - the "little guy" - the "mom's and pop's" are being squeezed out, issuers, TA's - all of us. Big brother only wants to play with another big brother despite the fact that this country was built on the backs of the small mom and pop small-cap companies. When this financial debacle hit us where we breath I thought things would eventually turn around because I thought there would be more "small" companies popping up. That has yet to happen. And while we're on the subject ... did you happen to hear about Goldman Sachs? … while their analysts were putting sub-primes on their recommended list for their brokers to hard sell to their clients, the house was laying down enormous bets AGAINST those very same stocks they were recommending. How on earth can that be legal? It explains why Goldman kept their doors open (something I was wondering about since the day Bear closed its doors. The two mimicked each other for decades). Now I know why and how they were able to stay in business. What I don't understand is why no authorities are going after them.

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