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Alien Trader

08/09/13 12:44 PM

#65363 RE: dingo8mymoney #65359

Chill will be removed during up listing.

used0000

08/09/13 12:49 PM

#65369 RE: dingo8mymoney #65359

If this stock is chilled, I would first ask the CEO who the Attorney is working to get the chill lifted. If he doesn't provide a firm, or just names some fly by night ambulance chaser, expect the chill to remain.

"Recently, quite a few websites have popped up claiming their operators can remove DTC Chills and Global Locks. The irony is that most of these service providers participate in the activities that can cause the loss of DTC’s services. Some of these quick fixes are offered by the same lawyers who render flawed tradability opinions and the same transfer agents who knowingly or blindly accept the opinions that cause DTC difficulties in the first place."

"There are only two people who can help you remove a DTC Chill, a securities attorney acceptable to DTC, who can render a tradability opinion concerning the issuer’s unrestricted shares held by DTC and a DTC Market participant, who can ask that DTC provide its services with respect to a security. Anyone else claiming he can secure DTC eligibility or remove a DTC Chill is unqualified to do so."

http://www.securitieslawyer101.com/dtc-securities-chill/