Replies to post #36122 on Heathrow Nat. Food and Bev Inc. (fka HRNF)

[PRmaniac]

NO, if you buy shares you would still get the shares. A company's shares can still be traded without the cussip# that the DTCC dropped.

You can't trade (buy or sell) HRNF at many major brokerage houses because they use DTCC's continuous net settlement services (CNSS) to clear trades and provide custoday services. The restrictions and cusip # drop causes these borkerages to restrict or ban trading in securities like HRNF.

Co's like Vanguard use their own risk management, custody, or other clearing service, so they don't have the same restrictions.

Pagnano was recommending ZECCO. LOL Since the DTCC drop, I've seen Zecco ask for $200-$700 per trade commission for some securities cleared by Pension.

[SevenTenEleven]

pr...shares have to be registered by the TA if bought or sold ....without a cusip number how do shares get registered if bought or sold....

if i bought shares tomorrow and asked for the certs it would never happen....theres no cusip to register them so i would be buying illegal shares ????...lol - redfisher

The issue is with the DTCC, not currently clearing HRNF trades. i.e. "The Chill".

There are plenty of brokers who are still allowing buying and selling of HRNF shares. One of which is Vanguard. There is nothing illegal about buying or selling HRNF shares while the DTCC chill is in place.

Also, issuing certs have nothing to do with the DTCC. That is unless your broker is not allowing trading or clearing of HRNF shares.

That will all change once the chill is lifted.

Good Luck!