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Replies to #59708 on MediaG3 (MDGC)
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jbsliverer

02/09/12 5:55 PM

#59709 RE: cyberbullymouse #59708

The new list that would include stocks that were "chilled" and put on a T4T status is not out yet. I'm not talking about "Updates to the List of OTC Cleared Securities" notice that come out on a regular basis and are not a "chill" list. But the "CUSIP's to be exited from CNS and future trades designated trade for trade" that seems to come out about every two weeks give or take. The last one on Feb 2, 2012.

But something seems to be happening, they have pulled the old regular notices that have nothing to do with the "chill" list(or least doesn't seem to be showing at this point for MediaG3), but were there a day or two ago.

If there was a "chill" with only any newly issued shares that the MDGC wanted to put through DTAC (Deposits or Transfers at Custodian) having to do with dirty conversion debts and/or deals or problems with shares that have been issued for example, then that would be a different thing and notice may be only to the members of DTCC (IE: the brokers). Still not any good thing.

The broker should be able to answer certain questions about what exact services are being restricted by the DTC. Any broker can put their own "chill" on for their own reasons and/or on any service restricted or denied by the DTCC.

At least this is some of the info how I understand it. Will just have to wait and watch for any DTCC notices or try to get the info from the broker DTCC members.