Mammoth Energy Group Inc. announced that shareholders who had experienced difficulty or additional costs when depositing the Company's shares manually will now be able to have their shares deposited electronically in street name. In a release on Jan. 22 , the Company said that DTC has resolved all issues and cleared the Company to resume accepting deposits of the Company's common stock for book entry transfer services. All deposit restriction chills have been removed and the Company is now once again fully "DTC Eligible." DTC's removal of the chill now allows shareholders with online brokerage accounts with firms such as Scottrade , ETRADE , TD Ameritrade and other full service brokerage firms to deposit new shares of Mammoth Energy's common stock in the electronic system that controls clearance and settlement. President William Lieberman said, "We are in receipt of a letter from DTC acknowledging the "Chill" removal and have reviewed a recent activity transaction journal supplied by our transfer agent, Transfer Online Inc. , which now confirms DTC's decision to accept XDSL share deposits and transfers into street name. We are pleased with the collaborative efforts by our lead outside securities counsel, Laura Anthony Esq. of Legal and Compliance, as well as counsel for DTC and DTC itself, in working to remove the chill, enabling our shareholders to once again deposit shares in street name. We are grateful to the attorneys, whose hard work and determination throughout this lengthy process was instrumental in accomplishing the removal of the DTC "Chill"." Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves. ((Comments on this story may be sent to email@example.com ))
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- Vybz Kartel Convicted of Murder
- Stocks Close Lower Ahead of Crimea Vote
- Ulta Shares Look Good on Strong Q4
- FDIC Sues Big Banks Over Rate Manipulation
- Jittery Investors Dumping Russian Stocks
- JLo Turns the Tables in New Vid: 'I Luh Ya Papi'
- U.S. Consumer Sentiment Falls in Early March
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Is Malaysian Airlines Flight 370 in Andaman Sea?