Scam Plays and DTC "Chilled" Stocks - Beware of Both

[up-n-down-n-up]

MJNA is currently on a DTC chill. Buys can not be issued (as of today, and going on over a week now) with TD Ameritrade. Others on the MJNA board have posted similar issues with trading MJNA. I contacted several other online brokers and learned that they too were complying with DTC chill on MJNA - apparently because they use DTC to electronically settle the trade.

The exact reasons behind DTC's chill is anybody's guess. Those familiar with DTC know they are not transparent in their "rulings" and the typical reason given is "lack of reporting" by the security in question.

The interesting thing about MJNA is that they are due to release results of an audit for possible uplisting in another 2 weeks... It should be interesting to see what happens.