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Re: Chillaxin post# 89485

Monday, 12/03/2012 12:23:17 PM

Monday, December 03, 2012 12:23:17 PM

Post# of 197652
It was made known to investors and others have complained about not being able to buy this stock through certain brokers for months.

Had those messages been read and more DD performed, all investors would have known that EXPU is on a trade-for-trade basis.

So far, no one has shown any proof that EXPU is on a Global Lock. A Lock means all DTC services are withdrawn for the issue and brokers may not be able to settle trades at all.

That would mean not only no buys, but no sells.

So far, EXPU is trading normal except for the selloff this morning.

Often microcap issuers encounter problems with securities on deposit at DTC which results in DTC limiting or terminating its services with respect to the issuer's securities.

A "DTC chill" restricts DTC's services, including limiting a DTC participant's ability to make a deposit or withdrawal of a chilled security.

A chill may be for a few days or an extended period of time depending upon the reasons for the chill and whether the issuer or transfer agent rectifies the cause of the chill.

A "DTC Freeze" or "Global Lock" is a termination of all of DTC's services to an issuer. Like a chill, a Global Lock may last a few days or an extended period of time, depending on the reason for the Global Lock. If the cause for the Global Lock cannot be corrected, then the security will be removed from DTC, and transactions in the security subject to the Global Lock will no longer be eligible to be cleared at any registered clearing agency.




My posted comments are only my considered opinion based on the reality as I see it. Your reality may be different.