ProElite, Inc. (fka PELE)

[nycatwalk]

A message I received from my broker:Thank you for your email. I appreciate the opportunity to assist you.


I contacted our Trade Support Group, and DTC did place a global lock on Pro Elite, Inc. (PELE, security number 3030687). This is because no one can guarantee that if you sold your shares, that you would actually get paid for the stock. When DTC places a global lock on a stock, this is because they believe there may have been fraudulent activity or found some other reason that caused concern for shareholders. While you are correct that there are other firms who seem to be trading this security, these trades are occurring outside of DTC and has no guarantee that you will actually be paid.Because there is no guarantee that you will be paid, we are not allowing trading in this security until DTC lifts the global lock. Unfortunately, we do not know when or if this will occur. For more information, you can call the company directly or contact DTC at 1-888-382-2721. You can also visit their Web site at www.dtcc.com for additional information.*