Shareholer Question: DTC

QUESTION

  • Can you tell us where we stand with the Ameritrade chill and if there is any progress to resume buying?  Anything you can tell us regarding this problem would be of help.

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ANSWER

It is my understanding that a broker has come forward who will warrant that the shares which they would like to deposit on behalf of their client are validly issued, and that they would like to use the facility of electronic nominee holding again.  That may not sound interesting to the casual reader, but it does represent an important step forward.  I thank all parties concerned in this step forward for their willingness to be part of the solution. If acceptable to DTC, then it will begin the unwinding of the partial chill through the system.  I am not promising that outcome, however it may be getting closer at last.  I will keep shareholders informed of the result.

 

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