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Re: Santa Barbara Broker post# 94901

Wednesday, 05/11/2011 4:46:51 PM

Wednesday, May 11, 2011 4:46:51 PM

Post# of 103340
Typically these DTC actions come around a timeframe in which the SEC begins taking action as well. I have seen several companies have the DTCC make them ineligible, It would appear that the SEC came in discussing issues and actions which provided the DTC with potential issues (like sale of unregistered shares). The DTC responds by ceasing the clearance and settlement of their shares.

Could that be what comes next here?