InvestorsHub Logo
icon url

zomniac

12/09/10 9:32 AM

#168208 RE: cici #168205

Shares Outstanding 211,620,500 a/o Nov 19, 2010
Float 23,000,000 a/o Feb 24, 2009
Feb 2009 is a long time ago, and was it ever determined how the float number was calculated ?
there's 100,000,000 unaccounted for

NOBO list indicates that 49,279,059 shares
61,575,007 shares of Cascadia Investments, Inc. are in brokerage accounts. Totals ~110,000,000

TACOMA, WA, Dec 09, 2010 (MARKETWIRE via COMTEX) -- Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that its management has received a current Non-Objecting Beneficial Owners list, known as a NOBO list, from Broadridge Investor Communications. A NOBO list gives a more complete and comprehensive shareholder profile than is available on the typical shareholder list provided by a transfer agent. The NOBO list indicates that 49,279,059 shares are being held by shareholders including institutions.

Cascadia's management also announced that it has received an investors' report from the Depository Trust & Clearing Corporation (DTCC). The Depository Trust & Clearing Corporation is a principal central clearing agency for securities transactions on the public markets. The report contains data regarding all brokers and the amount of shares being held for investors and indicates that 61,575,007 shares of Cascadia Investments, Inc. are in brokerage accounts.

Management at Cascadia stated that this discrepancy may represent a significant naked short position in the company's publicly held stock. The company will consider all its available options prior to implementing a strategy which could remedy this discrepancy and reduce the short positions.


http://www.otcmarkets.com/stock/CDIV/news