Thursday, May 10, 2012 1:19:26 PM
I have seen no verification that the DTC has suspended any of it's services for MDGC stock. TDA won't allow buying of of the stock and has supposedly said a DTC chill is the reason, but the specific service(s) chilled have not been posted here.
A DTC chill can be an ominous sign as it may indicate there is a concern about the legitimacy of shares in the float (such as unregistered, non-exempt shares) and concerns about the transfer agent. If there is a chill, Val Westergard should acknowledge it and see if it can be resolved.
There is an iHub forum for discussion about DTCC issues which includes a list of stocks that have been included in legal notices regarding suspension of services or being exited from the NSCC CNS. MDGC is not on the list:
http://investorshub.advfn.com/boards/board.aspx?board_id=23867
Keep in mind that many brokers do not use the DTCC for clearing and settlement. That said, many do and I haven't seen anyone state that a broker other than TDA has placed restrictions on trading MDGC stock.
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