Replies to post #50840 on Cross Atlantic Commodities Inc. (fka CXAC)

[insureman]

Update...January 14, 2011
Dear Shareholders:
Since our last update there has been progress on the DTCC Freeze. It looks like the said parties in the SEC
Litigation have all made a deals with the SEC to settle the cases without any court proceedings. This gave us the
opportunity to contact the DTCC in regards to the DTCC Freeze that CXAC has. Here is exactly what CXAC has to be
done:
Mr. Bravo - in your email dated 12/29/2010 to Robin Harris, you mention what our firm needs to do in order to
get the "DTCC Freeze lifted" and the SEC litigation has been resolved. In order for our firm to consider removing
the global lock of Cross Atlantic Commodities (CUSIP 22743P100 / symbol CXAC), you will need a DTCC
participant (bank or broker dealer) to request an eligibility review for your stock. The list of Participants is on
our web site.
Above is the email from the DTCC on what steps CXAC has to take to get the freeze lifted. We are currently
working with our accountants and attorneys to get this matter resolved as quickly as possible. I will give an
update every two weeks on our progress. Within the next two weeks we will give a time frame that we think it
will take to get everything submitted to the DTCC for there review. Right now, I just cannot honestly give any time
frame because we do not have all moving parts in place.
The good thing is during this time, CXAC has taken time to concentrate on the business of becoming a real
company. Still constantly we have revenues on a daily bases, and increasing it spending on Media on a monthly
bases.
We wish everybody a Happy and Healthy New Year, and we will make 2011 a banner year for CXAC
We Thank you for your continued support.
Sincerely,
Jorge Bravo
President/CEO

[UberNuber]

My only question is....Jorge copied the reply to his inquiry from the DTCC in his shareholder update. The email states "you will need a DTCC participant (bank or broker dealer) to request an eligibility review for your stock."

Since CXAC was never listed as a defendant in the SEC case, I wonder whether Jorge ever really needed to wait for the SEC case to settle or if he could have just had the DTCC chill lifted by following their instructions indicated above. What is the relationship of the SEC resolution to Jorge's ability to get the DTCC chill lifted? The SEC settlement did not change anything with CXAC.

Does anyone see what I mean? So perhaps Jorge did not have to wait for the SEC case to conclude.

I know that it was Jorge's plan to take the so audited financials route to get the DTCC chill lifted. I am just suggesting that it seems from the email that Jorge had another option available to him that he did not know about but probably should have known or been exploring much much earlier.