I would have to agree on that, much as it pains me to do so. Especially true when you consider that the odds are Sirs trade had nothing to do with DTCC, as there were only a fraction of shares on deposit to cover ll the trades. As I have said many times....the majority of trades were done EX_CLEARING and therefore, invoking the name of the DTCC is nothing more than a smokescreen. Also, brokers could have traded BCIT IOUs any time they wanted after the DTCC freeze and many did....yet they still use the DTCC freeze as an excuse every time it suits them.
E-Trade was in breach of contract for not delivering the shares - FRESNO COUNTY SUPERIOR COURT