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Re: Jimthorpe post# 92777

Tuesday, 02/15/2011 4:17:56 PM

Tuesday, February 15, 2011 4:17:56 PM

Post# of 118239
Jimmy, if any of these brokers that are freezing out trading of rcch get a lot of requests to transfer valid certed shares, they will be in trouble most likely, and will have to resume trading just to keep shuffling things around. the corrupt dtcc generally holds or banks the certs for the brokers (thru one of their subsidiaries or something), but it is possible that some brokers have their own certs, too. the TA is supposed to have the only valid record of every single company-issued certificate, so ultimately the TA is the entity that SHOULD know the exact number of issued shares available.

i dont know that the dtcc is doing an investigation, is it? they tend to say whatever just to keep their brokers out of 'trouble' - i dont trust the dtcc at all.

but pressure needs to be put on the dtcc somehow to resume clearing services, or they will just extend it ad nauseum, as they dont give a cr*p about pinks and other otcs generally.

IMHO



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