From the recent filing:
I'm sure management is working on getting this resolved each day. You can trade this stock with a broker, but you cannot make electronic trades with it. This is very frustrating and hopefully its resolved sooner than later.
On December 9, 2011 the Depository Trust Clearing Corporation (DTCC) placed a chill on our company’s stock and removed the ability for HS3 Technologies Inc. to trade electronically on the “Over the Counter Bulletin Board” (OTCBB). Management understands the DTCC decision was based on actions taken by the Security Exchange Commission (SEC) against the Regency Group. The SEC has no concerns or actions against HS3 Technologies Inc. that we are aware of or that have been communicated to us. The SEC’s ruling determined that Regency Group, the original holder of the certain shares in the predecessor entity (ZENO, which eventually became HS3Technologies Inc.) distributed shares in violation of the Securities Act of 1933, as amended , and as a result the validity of such transfers are in question. Given that the SEC ruling that gave rise to the DTCC concerns does not involve any action or finding against our company, management believes the chill by the DTCC was an error and is working to rectify that position.
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