Euroclear is an independent Brussels, Belgium-based financial services company that specializes in the clearing and settlement of securities. It was founded in 1971 as part of J.P. Morgan & Co. Euroclear is the world's premier settlement system for domestic and international securities transactions, covering bonds, equities, and investment funds.
Market-owned and market-governed, Euroclear provides securities services to major financial institutions located in more than 80 countries.
In addition to its role as a leading International Central Securities Depository (ICSD), Euroclear also acts as the Central Securities Depository (CSD) for Dutch, French, Irish, and UK securities. CIK, the CSD of Belgium, joined the group in January 2006 and was renamed Euroclear Belgium.
The Euroclear System is operated by Euroclear Bank SA, a Belgian credit institution with its registered office in Brussels, Belgium.
Euroclear is the largest international bonds central securities depository in the world.
Posts: 23 | From: ny | Registered: Aug 2006
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quote:Originally posted by thesource: I have a question to ask him . What happens when we get relisted and end up on the Berlin Exhange again ? Did trading ever halt there on this stock since its not regulated by the SEC and U.S. law ?
dude... that's a good question.. maybe they are still trading over there?
I'm looking at that now...look like last time it traded, it closed at 1.42..but not sure this is today...still looking
Posts: 83 | From: NJ | Registered: Oct 2006
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quote:Originally posted by Jenna: Rufus says he can do it & Rufus also said the judge can also order the 6:1 right now ...
quote:Originally posted by glassman:
quote:Originally posted by thesource:
quote:Originally posted by MTPromises: Rufus is going to ask for the reset in court
Can the Judge order this ???
my DD says he needs an MM to do it... they are the ones that decide what to set the bid and ask at...
but it still has to trade...
I think he's wrong . He is there only to decide whether the SEC has ground or not . I would think its like going to a law suit and asking if the judge could remove something off your credit at the same time since you are already in court .
Once again maybe I'm wrong .
Apparently, the company--once it has an attorney--could request what is called a "summary judgment." The basis would be, in effect, plaintiff can't prove up, no need to go further. However, as I understand it, doing so opens the door for the judge to rule "summarily" for the *plaintiff.*
Tex says: Apparently, the company--once it has an attorney--could request what is called a "summary judgment." The basis would be, in effect, plaintiff can't prove up, no need to go further. However, as I understand it, doing so opens the door for the judge to rule "summarily" for the *plaintiff.*
yes... that could be scary,
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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