DTCC Removes Global Lock of Veltex Corporation’s Securities
Effective October 17, 2014, the Depository Trust Company (“DTCC”) has reinstated services for the securities of Veltex Corporation (“Veltex”).
Stephen G. Macklem, CFO of Veltex quantified in a statement, “Veltex, thru the retention of the Law Offices of Hamilton & Associates Law Group, P.A. and its principal Veltex attorney Brenda L. Hamilton, has received communications that the global lock of Veltex’s common shares has been removed.
Effective October 17, 2014, all participants, depository facilities and pledgee banks were notified by DTCC that DTCC has reinstated its services for the common shares of Veltex. This is just one more achievement towards maximizing shareholder value. This process took time, effort and patience on behalf of the board, management and our loyal shareholders. Broker dealers’ compliance departments will be notified over the coming days if they have not already been notified by DTCC.”
Ms. Hamilton commented “when a client, such as Veltex, provides and responds to all DTCC requests in a straightforward and transparent manner, my office can get professional results. Veltex and its management delivered all the required documents and data DTCC requested in a forthright and timely manner.”
Veltex attorney Merle L. Royce of the Law Offices of Merle L. Royce in Chicago noted, “Veltex has now cleared all issues with DTCC and with the retention of a major transfer agent in New York, American Stock Transfer and Trust, any outstanding matters per the trading of Veltex common stock are finally behind the corporation.”
About Veltex Corporation:
Veltex Corporation, incorporated in Utah September 17, 1987, is a public holding corporation, which maintains its corporate headquarters in Chicago, Illinois. The company’s common shares are quoted by the OTC Markets with the symbol VLXC.
For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, (561) 416-8956, by email at [email protected] or visit www.securitieslawyer101.com. This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute, legal and compliance advice on any specific matter, nor does this message create an attorney-client relationship. Please note that the prior results discussed herein do not guarantee similar outcomes. Hamilton & Associates Brenda Hamilton, Going Public Lawyer 101 Plaza Real South, Suite 202 North Boca Raton, Florida 33432 Telephone: (561) 416-8956 Facsimile: (561) 416-2855 www.SecuritiesLawyer101.com