Replies to post #60363 on Colorado Goldfields Inc. (fka CGFI)

[Akula42]

Not true for all DTC chilled stocks, for example, Bridgetown offers equity financing for:

"DTC Chilled or securities exited from continuous net settlement (CNS) are welcomed."

http://bridgetownequities.com/services/equity-financing/

"Bridgetown specializes in raising capital for emerging growth companies in exchange for restricted stock at a discount to market at the time of conversion, and that restricted stock cannot be converted or traded into the open market before a six month holding period has expired. The mechanism used for this capital investment is by way of a convertible note to the company, in essence, an unsecured debenture."

http://bridgetownequities.com/services/debt-financing/

Of course, along with their liabilities and lack of revenue,
the Chill has likely limited their options.

It is important to note that many pinks were previously DWAC (FAST) qualified and had the capability to transfer certificates electronically as opposed to issuing stock certificates. Within the last year or so, DTCC placed a Chill or alleged non DTCC eligibility on the majority of PinkSheet companies and Chills for DWAC transfer of new issuances. Many of the pinks have received a Chill status for DWAC transfer only and this does not affect the ability to transfer certificates in the traditional manner and they do not have a Chill or non eligible status on their tradability.