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Re: pwrlineman post# 6525

Tuesday, 05/18/2010 4:30:31 PM

Tuesday, May 18, 2010 4:30:31 PM

Post# of 7027
Not sure anyone knows exactly why. DTCC supsending electronic clearing of the shares months ago and then brokerages start following suit.

Several factors could be:

1) Trading below some share price threshold for too long a period.
2) Brokerages don't want to invest time in paper certificate receivership since the electronic trades no longer clear.
3) MVBY being named in an SEC suit (granted, not as defendants, but named just the same)
4) Non-compliance with exchange listing requirements on Pinksheets resulting in downgraded status.

Any or all of these reasons could be contributing factors... I'm sure there are others, but MVBY to date has not been able to get some concrete response from the DTCC where I suspect most of the issues originated.

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