No, the DTCC order is not a good thing at all.
Now we know, per the Sept 27th press release, that the DTCC chill on HRNF clearing was in place in 2010, too.
To have it imposed one day after HRNF announced restrictions were lifted is a really bad development for the company.
from Sept. 27th.
In addition, the company plans to be upgraded to Current Information on the Pink Sheets the week of October 4, 2010. The company is also working with DTCC to have the Chill removed from its common shares and once again be DTCC eligible. This course of action will have a positive impact on removing any buying restrictions which remain at certain online brokerages.
