...und was DTC Approval bedeutet:
"MYM Nutraceuticals Inc. Receives DTC Approval, Allowing US Investors to Trade Shares Under the Symbol MYMMF Vancouver, B.C., June 16, 2017 – MYM Nutraceuticals Inc. (CSE:MYM) (OTC:MYMMF), is pleased to announce today that it has been made eligible for DTC electronic settlement and transfer of its common shares in the United States under the OTC symbol MYMMF. This approval opens MYM up to the most important and influential investment market on the planet. Current US law has prevented American cannabis companies from going public, making it very difficult for Americans to invest in the rapidly expanding multi-billion-dollar cannabis industry. Due to its progressive cannabis laws, Canada has become the Mecca for cannabis investment worldwide. MYM not only has a foothold in Canada but is expanding into the US and internationally to build a global brand. “We are very pleased to be trading on the US market as it will provide our American investors with timely news and information to help them better analyze, value and trade our securities,” said Rob Gietl, CEO of MYM. “Without a US symbol it is difficult for Americans to buy shares in a Canadian company. This removes that barrier, and is very timely for MYM as we are currently in talks with several US companies in the cannabis space.” MYM shares trade in Canada, Germany and the USA under the following symbols: (CSE: MYM) (OTC:MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY) MYM is continuing to negotiate acquisitions of complimentary businesses and assets in the technology, nutraceuticals and CBD sector, and is currently in talks with other innovative companies to ensure a strong presence and growth potential within the industry.
The following points are potential issues that can hinder DTC approval:
(DTC has accepted issuers with these issues below however, DTC eligibility is granted on a case by case basis.)
The issuer should be an SEC reporting company with no history of late filings.
The issuer should have a minimal history of name changes and/or reverse splits in the last five years prior to the eligibility application.
The issuer should have no persons associated directly or indirectly (stock promoters, lawyers, accountants) with the company that have ever been under investigation by the SEC.
DTC will notify the participant if a legal opinion of counsel will be required. The legal opinion should be written by a licensed securities attorney, in good standing with their bar and engaged in an independent private practice. Opinions of in-house counsel will not be relied upon by DTC.
DTC requires that the securities lawyer writing the opinion NOT be a shareholder of the issuer.
DTC reserves the right to approve counsel whose opinion DTC is being asked to rely.
The issuer should have no record of being involved in a spam campaign, pump and dump scheme or any history of fraudulent activity throughout its corporate history.
Affiliates of the issuer should have no record of unregistered re-sales at any brokerage firm.