from Charles Schwab, March 13, 2009
Dear Client,
We are writing to you concerning your position of ????? shares of DCI TELECOMM INC NEW held in your account. In a periodic review of securities, we recently obtained information that indicates there is no known market for the security, and there has been no known transfer agent service available in the past 6 years. In many cases, the issuing corporations of these securities are either inactive or insolvent. It is Schwab's policy not to custody such securities, and we will no longer report this position in your account. This action will be reflected on your account statement as an "Adjust Position" entry. The removal of this security from your account is not reported to the IRS. Please retain a copy of this letter and your statement for your records.
Without a transfer agent, the security is deemed to be "non-transferable', and we are, therefore, unable to deliver a physical certificate to you representing your position. If the issuer of your securities reopens its transfer books, we will attempt to have the position returned to your account. In lieu of physical certificates, we agree to reimburse you for reasonable costs or losses that are directly attributable to the lack of an original certificate.
We suggest you consult with your tax or financial advisor to determine if or when your position may be deemed "worthless" for tax reporting purposes.
Thank you for investing with Schwab. If you have any questions, please call us at 1-800-435-4000. If you with with an investment advisor, please contact him or her with questions.
Sincerely,
William Bondi, Vice President, Schwab Operational Services |
