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Re: BillG2436 post# 29982

Tuesday, 02/07/2012 1:20:36 PM

Tuesday, February 07, 2012 1:20:36 PM

Post# of 31931
The LOCK is not a good thing that THRA has been given and the only thing that DTC might (if certain shares get audited through ok and one can get their broker to do it for them) is do some non trading Custody Service. Not knowing the policies of good business and proper public company accounting and market procedures wasn't the problem here and would not be any "good thing". But all this shows is that the company just got caught with the dubious behaviors. Thinking that THRA was going to get away with it was the dumb thing the CEO was "familiar" with.

"DTC has suspended all services, except Custody Services, for the below referenced issues. The suspensions are effective December 9, 2011."
http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/1856-11.pdf

I suppose if someone wants to do some wallpapering with THRA stock certs, I guess that might be possible. If their broker(DTC member) will, the proper forms get filled out, and the length of time waited for audit, etc, one could maybe get a actual certs to put on the wall. That has nothing to do with everyday trading for the normal THRA investor or trader. That service is available to all members and can be used by a Private company with employee stock for example.
http://www.dtcc.com/products/asset/services/custody.php