World Surveillance Group Inc (fka WSGI)

[BareBaxBo]

Nil, nice to see we never fell on this list with all the screwy trading going on this year and last with LJC. Good Lord knows we've been in that category of "thinly traded/low-priced" for along time now and not sure if we ever hit the unusually large deposits category, though!

As part of this routine monitoring, DTC identifies unusually large deposits of thinly traded, low-priced securities, which have been identified by regulators and law-enforcement authorities
as a “red flag” alert for the potential illegal distribution of securities.

DTCC whitepaper concerning the issuance of Deposit Chills and Global Locks and the resumption of services. It is a very good read and not a lengthy discussion either just 8 pages, it explains the recent resumption of 36 securities last month, these apparently were the only issuers to challenge their Suspension of all services.

http://t.co/bWbD8CYEWv

These were recently resumed:

http://www.dtcc.com/downloads/legal/imp_notices/2013/dtc/ope/1656-13.pdf

If you notice this process now includes the SEC, this was a result of the SEC action in March, 2012 for a “Fair Procedures Act” for clearing services. I would expect even more changes in the OTC since there are many tickers still under the old CNS Exit and Trade for Trade designation and Global Locks.

Let me know your thoughts whenever you feel up to it.