Evidently, the IMCC suspension was lifted.
They traded 200,000 shares the other day.. so I guess it is business as usual.
I have been in the stock since pre-2000 and basically saw it go off the radar.
However, I have had to fight tooth and nail to keep my broker from confiscating
my stock. They always have some excuse: bankrupt, worthless, not trading, etc.
As a matter of fact, I just got a letter today saying that since American Trust and
Transfer is no longer the agent they are going to pull the stock from my account.
I reminded them that they pulled that one on me five years ago and that the stock
is still trading, solvent, and a subsidiary of one of the to big to fail banks (Citigroup).
Therefore, it all boils down to a trust issue.. I bought the stock in good faith and trust.
Which means that notwithstanding a good reason for removing my stock such as
no longer trading, insolvent (bankrupt), merger, etc. they must honour our transaction.
And, that means for any stock even if the stock is a $100 one or a .0001 penny stock.
Having said that, I have not been able to sell my stock, buy more stock, or redeem them
for certificates in the last 5-8 years. However, as long as they my shares in my account,
I was content to deal with it as it came. I will find out Monday what they are going to do.
But, I made it plain that I was not going to go quietly into the night. I have around 16K
invested in this lottery ticket and about 12 years of blood sweat and tears. So, I am willing
to go all the way on the mat with this one..
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