The Real DTCC Discussion

[BigBake1]

Tom Allinder, he was a self professed "DTCC Chill" expert that allowed his own company to recieve a DTC Chill. His claim to fame was CBAI and getting the DWAC "Chill" removed so their TA could deposit and or transfer shares electronically through the DTC. But he tried to imply he could remove any chill placed by the DTCC on a company.

He had a website promoting his services and made a lot of big claims on it. But the only sucess was that one particular security and it's minor chill. He had no sucess in removing a CNS exit or Trade for Trade designation or even a Global Lock for that matter. Once his own company RFMK was "chilled" with a CNS exit and Trade for Trade designation he quielty removed his website...lol

Then of course made poor excuses in PRs as to why his own company was chilled including claiming that the DTCC was simply out to shut down the OTC Markets.