Replies to post #17109 on Sack Lunch Productions Inc (SAKL)

[RG]

I wasn't in NXHD at the time of R/S therfore have no answer for you. Please look at what I have bolded.



Nexia Holdings, Inc. (PINKSHEETS: NXHD), a diversified holding company, reports that it has a total of 52,946,409 shares of common stock issued and outstanding. Of those shares, approximately seven million are held in street name by an estimated 3,000 individual shareholders. The balance is either restricted shares or held by shareholders (estimated holding of ten million shares) that are unable to deposit their shares with Cede & Co. through their brokers.

Since August of 2009, the Depository Trust Corporation (DTC) has refused to accept for deposit shares of the common stock of Nexia. Without any prior notice or due process, DTC has placed what is known as a "chill" on all such deposits. Nexia has provided all the information requested by DTC more than two months ago to remove the chill. DTC has not lifted the chill nor can Nexia obtain any explanation or basis for the existence of the chill. The Company is working to have the chill resolved and is exploring its various options.