Thursday, January 09, 2014 7:43:10 PM
Within the procedure of the reverse merger, the change of name, new CUSIP number, new trading symbol and reverse of 1000:1 on the stock and subsequent approval by FINRA, there is a standard chill on the stock being deposited. This does not affect the stock previously deposited with Brokers. In order to regain DTC eligibility, DTC required a legal opinion on the process. The legal opinion was filed with DTC but due to the holiday season the process with DTC is understandably delayed. Our attorneys who filed the required documentation advise us that Novacab should be re-instated as being DTC eligible within the next few days.
I am told that after the Company is DTC eligible the Brokers will be advised to accept and deposit stock and also act on their reversal.
We respect our shareholders and shall do all that is necessary to permit them to actively trade on the market.
Best regards,
Novacab International Inc
Donna Giroux
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