Thursday, July 08, 2010 2:59:16 PM
Thank you for your inquiry. GOLDEN DRAGON HOLDINGS INC recently changed names to CHINA FOOD SERVICES CORP. Whenever a security performs a name change or exchange into new shares, it requires us to remove the original position from our records and replace them with new shares we receive from the company. Accounts are then updated to the new side once the Depository Trust Company (DTC) receives the new shares. At this time, DTC is still waiting for the GDHI shares, but they are expected to arrive fairly soon. These kind of name changes are typically complete within the first few days, but can sometimes take longer for non-US based companies or OTC listed securities. Your account will be updated once DTC has the shares. Please contact us again if you have any additional questions.
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