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Re: None

Friday, 07/08/2011 2:55:00 PM

Friday, July 08, 2011 2:55:00 PM

Post# of 92705
I just received a call back from my branch mngr at ST. She looked into the global lock thru the DTC and told me that the reason behind the lock (partially her opinion) is that they (DTC) must look at the shares bought and sold due to the reported fraud that may have taken place. She did not have a time frame on the lock. She also said that ST can't allow the selling of the security as DTC will not honor any proceeds at this time. Lastly she said that ST is not a MM in this security and that the reason why others (brokers) may still be trading is that they may very well be MM. The trades you see happening are for the most part between MM/institutional trading. Take it for what its worth. Still not happy, but at least she looked into it for me and got back to me in a timely manner. All I can ask for for now I guess and I will continue the wait and see game.....