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To: jhild who wrote (1101)8/23/1998 8:01:00 PM
From: bmart  Respond to of 26163
 
Mr. jhild,
There are a succession of press releases which clearly spell that out. Once you have performed the diligence we can exchange.

Good Day

RB



To: jhild who wrote (1101)8/24/1998 8:26:00 AM
From: The Street  Respond to of 26163
 
The major street name account is called Depository Trust Corp (DTC or CEDE) Most clearing firms are members of DTC. When a person buys a stock through his broker if you have a real seller with certs represented in DTC, the certs are debited the one brokerage firm and credited the buying firm. No consideration is given for a specific accounts within either organization.



To: jhild who wrote (1101)8/24/1998 8:57:00 AM
From: tonto  Read Replies (1) | Respond to of 26163
 
Why has bmart stressed, as if important, the DTC freeze?

What exactly is this freeze that he makes sound so important and why is it good for the shareholders? What caused the freeze? <s>