Replies to post #115 on Worthless Securities DTCC Non-Transferable list (PENSON)

[lowman]

IMO, the dilemma of the unregistered shares is correctable, but only after a complete audit of where all those shares went, and how they were sold.

With registered shares, there's a paper trail the SEC can fairly easily follow. With unregistered shares, a CEO could be selling heavily discounted shares to his 'consulting' nephew to help cover college tuition.

When a company registers shares, they are required to sell them only to accredited investors. Not so, with unregistered shares. That's in part, where the big problem lies....the distribution of those unregistered shares.

[Yosako]

$GPGD has been Chilled for Deposit (asked several brokers) right after I bought the shares, even when there is no evidence of dilution either. 303M shares and the insider lockdown is completely obvious.

No info about $GPGD at the DTCC website either. The whole system is inconsistent and completely messy.