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BigBake1

06/05/12 2:09 PM

#41969 RE: NASCOW #41968

What about it? They suspended all services and froze all deposits as required. They did their part, so now it is up to either the company to clean up it's mess by buying these illegal shares back or what is realistically going to happen here is further SEC actions against those who allowed it to happen.

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BigBake1

06/05/12 2:22 PM

#41971 RE: NASCOW #41968

The DTCC already reacted they suspended all services and froze all deposits as required. There are no further actions here involving the DTCC. It is left up to the SEC and the company to resolve this matter. I suspect there are further complaints to be filed here, and the very fact that Bederra chose to create their own internal TA and nobody was being responsible for it will eventually be the end of this whole debacle.

You have lost your money because of the management and their decisions, it has nothing to do with the DTCC any longer.

SEC is the only entity that can resolve this matter, and no matter what shareholders in the end will have to eat it all. That is the real risk of playing in the pinks..LOSING IT ALL…