righty the DTC chill was implemented after the promised dividend and the subsequent removal of cash from investor accounts.
Here is what a DTC chill is for.
the DTC acts as a clearinghouse for stock exchange securities, settling trades in corporate and municipal securities. If the DTC has cause to be concerned about a specific security currently processed through its system, it may place a "chill" status on the security. This will restrict brokerages' ability to transfer the shares or units of the security through DTC until the security's issues are cleared up or it ceases trading on the market.
The issue was the promised dividend that was never paid. Nor was the issue ever cleared up.
Yep, when the dividend was not paid the chill was put into effect.
One can try and divert and distract all day and night. The contact and the phone number is right there in the notice. I took the time to call months ago. Would you like to call and verify why the chill was put in place or is misleading, misguided and downright false information the name of the game?
now b4 you go assuming you know what happened with dtcc and the reasons for the chill, produce some proof for the class here, other than guesswork
cuz frankly i dont see any confirmed proof clearing the air on the dtcc chill, nor do i see any punitive regulatorial action about it. do you?
and that sir appears to be the crux of the anvh problem...so until you can provide something that definitively states, why that chill was placed...I would be carefull.
The date the chill restriction was put in place is there along with the contact info so all can call and get the reason behind it. So, yes, I do know why it put in place and yes, I can provide the board with the info to verify the reasons for themselves by the authority who put it in place.
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