02 Secure Wireless, Inc. (OTOW)

[spike007]

So here is a great article on what Val is / was up against along with 100's of other microcaps when trying to get their chills lifted ....

"Nobody is against what the DTCC is doing and they are encouraging them to continue. The only complaint was the lack of communication to the issuer as to why the loss of eligibility. The DTCC stated that in order to protect the process from bad apples they were not going to coach them along creating a process of getting around DTCC chills. Essentially they felt by providing specific information it would be used by those who take advantage of the process to continue fraudulent activity.

Now, I have spoken to dozens of CEOs who have had their stocks chilled by the DTC. Their biggest problem is that when they do respond, they never hear anything back from the DTCC. It seems to most of them that the DTCC is stonewalling micro cap companies. One CEO told me yesterday that the DTCC’s mission is to get rid of all non reporting fully compliant micro caps… PERIOD.

I did receive a call from an attorney yesterday saying that the process of lifting a chill would take 6 months and it would not be cheap…