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Re: wittekiel post# 15753

Friday, 09/02/2011 7:05:59 PM

Friday, September 02, 2011 7:05:59 PM

Post# of 18385
Until you've been involved with a stock that has gone through a DTCC lock, as I currently am with another stock, you have no idea how frustrating they are. Never advise people to buy a stock that is about to be globally locked. The whole reason they are listed is because the DTCC has detected or highly suspects fraud.

Investor's only chance here is to open an account with a broker that does not settle trades thru the DTCC and to then transfer their slrw shares over. It takes years for the DTCC to lift global locks, if ever.

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