LCTI Low Carbon Technologies, Inc. (LWCTF)

[Whats a stock]

DTC eligibility is in the process. This company was previously listed on the Canadian stock exchange and recently moved over to the U.S. stock exchange. I assume in doing so they still need to be approved by the DTC to make trading a cost effective process, which is why Scotttrade and Ameritrade will not trade the stock. There's a lot of paperwork that must be performed and submitted for trading to occur for this stock until they become DTC eligible. It simply just isn't cost effective for Scottrade and Ameritrade to trade the stock. It has nothing to do with the legitamacy of the company.

I asked on the blog if there was an esitmated time they could give on the DTC approval and they responded with:

"Dear Sir,

We are not certain of the timeline. We have been told a minimum of 30 days and up to 6 months. We hope that it occurs in much less rime."

The following was copied directly from their blog on their website:

http://www.lctiinc.com/#!blog/c1ci6

"The Company is pursuing eligibility status from the Depository Trust Company (DTC), subsidiary of the Depository Trust & Clearing Corporation (DTCC). DTC is the world’s largest post-trade financial services company. It provides electronic clearance, settlement, and information services for the vast majority of the equities and other securities in the U.S. Trading of securities through DTC allows for cost-effective clearing and guaranteed settlement. Securities that are not DTC-eligible are often not accepted for trading at many brokerages due to the amount of paperwork and manpower required to execute and settle trades, thus making it more difficult for a significant percentage of investors to easily access the shares."

“This is an important milestone for the Company and we are pleased to announce that the company is pursuing DTC eligibility,” CEO Bryan Scott Jarnagin commented. “Being DTC-eligible will make it easier for brokerage firms to trade our stock for their clients. We expect that our DTC-eligible status will improve our overall share liquidity and share attractiveness on the market and we will continue to update our shareholders on our progress.”