Micro Imaging Technology Inc (MMTC)

[heatherd]

Here you go... It doesn't affect everyone, but it does some. Essentially, anyone using Zecco (or Trading Direct, apparently) will be unable to invest in MMTC without calling to buy and/or paying huge fees to sell. This is according to the customer service rep I talked with today (conversation is posted).

Two things (from my understanding). First: it's up to the company to be DTC eligible or not. Second: If a company is not DTC eligible, it's up to the broker to decide whether or not to push the non-DTC associated fees to their customers or absorb them. Some will, some won't.

I can't seem to find an all inclusive non-DTC eligible list out there (it has to exist), but I did find this, posted on one of the Zecco discussion boards.

http://www.tradingdirect.com/Static/StandAlone/non_dtcc_memo.html

Not trying to start problems around here today, quite the opposite. I just don't think it's something that can be brushed aside as not being significant. It will be harder for SOME people to buy/sell MMTC! How is it not important?

Heather