InvestorsHub Logo
Followers 4
Posts 148
Boards Moderated 0
Alias Born 10/28/2011

Re: None

Tuesday, 08/14/2012 2:35:01 PM

Tuesday, August 14, 2012 2:35:01 PM

Post# of 8719
FYI SYRX is on the NSCC list which I am being told is the same as the DTC chill list. Zecco wants to charge me $250 to sell.
Maybe the company can straighten this out - no idea


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78522452

Sysorex could have bought a bad shell - not sure

lot of the NASDAQ securities do not apply to be DTCC eligible because they are on an exchange. Unlike OTC securities which are not on an exchange and some are not even quoted securities.

So when a NASDAQ security becomes a shell and is reduced to the OTC they simply have to file to get DTCC eligibility if their paperwork is in order.

OTC securities on the Non DTCC Eligible list that lost access to NSCC and DTC services have done so because of the issuance of unregistered shares onto the market.

So in this case you have an exchange listed security that does not need DTC eligibility to trade since they are listed on a major exchange as opposed to a dirty pinksheet company that has been caught abusing Rule 144 Reg D.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.