Business
GP Solutions Common Shares Now Depository Trust Company (DTC) Eligible
GP Solutions Common Shares Now Depository Trust Company (DTC) Eligible.
About this update from Gp Solutions, Inc.
[{"type":"text","content":"\n\n\n\nGP Solutions Common Shares Now Depository Trust Company (DTC) Eligible\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGP Solutions Common Shares Now Depository Trust Company (DTC) Eligible\nDesignation provides cost-effective clearing and settlement of GWPD's shares.\nPR Newswire\nCORONA, Calif., July 29, 2019\n\n\n\nCORONA, Calif., July 29, 2019 /PRNewswire/ -- GP Solutions (OTC:GWPD), a leading developer of automated micro-farms, is pleased to announce that the company's common shares trading under the symbol GWPD, are now Depository Trust Company (\"DTC\") eligible.\nDTC is a subsidiary of The Depository Trust & Clearing Corporation, which manages electronic clearing and settlement of publicly traded companies. Securities such as GWPD's that are eligible to be electronically cleared and settled through the DTC are considered \"DTC eligible.\" Trading of securities through DTC allows for cost-effective clearing and settlement, in turn simplifying and accelerating the settlement process for investors trading GWPD's shares.\nSecurities that do not have DTC eligible status are often not accepted for trading at many brokerages due to the cost, amount of paperwork, and staff required to execute and settle trades. This in turn makes it difficult for a significant percentage of investors to easily access non DTC eligible shares.\nDTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law, and a registered clearing agency with the U.S. Securities and Exchange Commission. \n\"DTC eligibility will be very beneficial for our shareholders,\" George Natzic, President of GP Solutions stated. \"Now, the process for trading our common shares has been greatly simplified for investors and traders. As GP Solutions keeps executing its business plan and growing, this improved access to trade in the open market and increased visibility should attract more potential investors, which should increase the liquidity of our shares.\" \nFor information, visit: www.growpodsolutions.com, or call (855...