InvestorsHub Logo
Followers 95
Posts 15292
Boards Moderated 0
Alias Born 06/21/2001

Re: Go-Gold post# 99881

Sunday, 08/07/2011 9:07:54 AM

Sunday, August 07, 2011 9:07:54 AM

Post# of 118239
Question to all: What will the DTC Lift accomplish and what will it not allow?

I have a feeling most of us do not understand what the temporary DTC chill lift really means.

Can someone clearly define what "Aged Fails" really means?
I think is applies to transactions that the participants executed on these shares AFTER the DTC Chill went into effect. So DTC is giving them a chance to clear those up.

Will transaction such as NSS or whatever
that took place before the Chill even be eligible? I doubt it.
So short covering may not be possible in the time slot. At least those that were shorted through the participants (brokers) effected by the DTC chill. This action has nothing to do with those brokers who do/did not use DTC.

Also I do not think this DTC lift means the DTC will allow new transactions to take place. As this action is meant to clean up aged fails not to lift the Chill for business as usual. Since the chill goes back into effect as soon as this cleanup period is over. That is main reason I do not think DTC will be clearing new buy sell activity during the lift.

So all this short covering expectations may be bogus and not even possible through DTC.

Comments?

http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/set/0846-11.pdf

It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.