Business
Dynasty Limousine Inc. Receives Rating Upgrade And Applies For DTC Eligibility
Dynasty Limousine Inc. Receives Rating Upgrade And Applies For DTC Eligibility.
About this update from Moon Equity Hldgs Corp.
[{"type":"text","content":"Dynasty Limousine Inc. Receives Rating Upgrade And Applies For DTC EligibilityDynasty Limousine Inc. (Pinksheets: DNYS), a full service Luxury Transportation and Limousine firm covering the southeast United States, has received a rating upgrade for its securities to the “Pinksheets Current Information” tier. The rating change was required before the company could apply for DTC eligibility, an action that will allow for trading of its stock through most brokers.The process for DTC eligibility takes approximately 6 weeks. The DTC (Depository Trust Company) provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically. Securities that do not have DTC eligibility are not available for trading through many brokers and institutions due to the large amount of paperwork and time involved in executing trades.“We have received numerous calls and emails from investors that have tried to purchase DNYS stock, but their broker has not allowed trading due to the DTC issue,” stated Pierce Fleming (V.P.). “Once our securities are DTC eligible it should attract new investors and provide a realistic price range for our stock.” “We have already started the DTC process and this important step should be completed in the coming weeks.” About DTCDTCC, through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.About Dynasty Limousine Inc.Dynasty Limousine is a full service Limousine and Transportation firm with offices in Jacksonville and Orange Park, Florida. The Company was founded in 1998 and currently operates a fleet of 15 Limousines, Luxury Sedans, and Limousine Buses with service areas primarily in the Florida and Georgia markets. The Company is a member of the National Limousine Association, and has a nationwide affiliate network to handle all domestic service requests. Dynasty currently has 16 employees, and is actively seeking acquisitions and expansion into additi...