![](https://investorshub.advfn.com/uicon/172597.png?cb=1638796509)
Monday, December 03, 2012 12:23:17 PM
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 A Lock means all DTC services are withdrawn for the issue and brokers may not be able to settle trades at all.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.
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM