No, as I said last night, due bills would be attached if the shares were deposited before the record date, they are automatically included with due bills, anything deposited after the record date would automatically be excluded from a due bill. It is a completely automated system, it sees the deposit date it compares it to the record date, all shares on deposit by the record date get due bills.
It is a simple process, when the company filed to FINRA and got approval the DTCC system accounts all shares deposited in CNS by the record date, they get due bills attached, anything deposited after the record date is excluded.
Once again nobody has brought forward proof as to the date of when said shares were in fact on deposit at the DTCC. All we have is a statement that they "Should not have been attached", which means jack shit, the clearing firm would have known if they conducted normal business procedures.
COR at no point has stated the DTCC erred, they have simply said that the due bill process is flawed allowing this type of fraud to occur. Their argument is flawed, because if they had followed normal clearing firm procedures they would have noticed the due bills attached to the shares.
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