Sebastian River Holdings, Inc. Moves to Highest Liquidity Tier in Over-the-Counter Markets & Provides Corporate Update
Sebastian River Holdings, Inc. (PINKSHEETS: SBRH) is pleased to announce we have finally reached the Current Information under the Alternative Reporting Standard outlined by OTC Disclosure and News Service. According to OTC Markets, Inc. the securities of Pink Sheet companies that provided current disclosure to the public markets, either through a regulator or directly to News and Disclosure Service, represented 95% of all the dollar volume traded in the OTC marketplace. Per our most recent communication with OTC Markets Issuer and Information Services; they have finished processing our disclosure and attorney letter for the period ending June 30, 2012 -- moving the Company to OTC Pink Current Information tier before the next market open.
The Company is further pleased to announce they have completed acquisition of Trading Desk operations commencing business under our holding company beginning the first day of October 2012. With our new Trading Desk operations, the Division will be capable of facilitating extraordinary returns on defaulted notes due to the convertible nature of the debentures; many of which are anticipated to be in Default under the terms of these lending agreements in the first Quarter of 2013. "Facilitating returns beyond the face value of the note is very common in the market climate and proving our own trading operations over liquidating the position to a Hedge Fund or Investment Bank will allow us to capture significant returns that would not be possible without these operations," said Dan Benjamin, CEO and Chairman. For the entire PR, click this link: