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Re: RobZ444 post# 31021

Thursday, 01/20/2011 10:12:12 AM

Thursday, January 20, 2011 10:12:12 AM

Post# of 41474
Rob -DTCC restrictions
Here is part of what the DTCC says is needed from HRNF in regard to lifting restrictions of the converted shares of WEHI (now HRNF). Maybe you can ask HRNF for copies of the instruction letter they were supposed to send to the DTCC regarding your share conversion.
................
IV. Instruction Letters Regarding the Expiration of a Restrictive Period
Rule 144A/Regulation S Securities Becoming Freely Tradable
To lift restrictions applicable to securities which DTC has initially accepted as eligible pursuant to Rule 144A and/or Regulation S on the grounds that the original restricted and/or distribution compliance period imposed under such exemptions has elapsed, the Issuer of the securities must provide an instruction letter to DTC. The instruction letter confirms to DTC that the restricted period and/or distribution compliance period has elapsed and supports the exchange of the
formerly restricted securities represented by a restricted CUSIP number for new unrestricted securities of the same issue represented by an unrestricted CUSIP number. A copy of the instruction letter required by DTC may be obtained from DTCC’s website at the web address for DTC listed in Annex A.
http://164.109.172.95/products/documentation/asset/Securities_DTCEligibility.pdf

Here is a link to another discussion by the DTCC on why securities can be dropped (chilled) from the DTCC in the first place.
http://www.dtcc.com/downloads/legal/imp_notices/2010/dtcc/z0025.pdf

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