The DTCC's policy as stated in the SEC's Roundtable on Microcap Securities is to not divulge the specific reasons for the DTCC chill. In their own words the DTCC doesn't want to give any offenders the foreknowledge that would help the offenders to adapt and circumvent the policies.
Essentially the DTCC has determined that shares have improperly entered the market or are planned to be improperly entered into the market either by unregistered shares or improperly (even illegally ) registered shares.
Neah's new Registration Filing is probably the cause for the DTCC action. The DTCC cannot force any company to re-file or withdraw any type of filing designed to sell shares, but the DTCC has the arbitrary power to remove a suspect company from the Continuous Net Settlement system and place the equity on a restrictive TRade For Trade. NEAH ( and any other company ) can remedy the situation by properly registering any shares for sale....but the DTCC's Hubble-sized microscope would examine any new filing to an infintessimal degree.
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