Cascadia Investments, Inc. Announces Review of Non-Objecting Beneficial Owners List
November 16 2010 - 2:02PM
Marketwired
Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that
it has ordered a list of non-objecting beneficial owners (NOBO).
This list identifies each beneficial holder of the company's stock,
provided the beneficial holder has not objected to his or her name
being released to the company. The NOBO list will be compared to
the reports from the DTC which contain data regarding all brokers
and the number of shares being held for investors.
Information from these lists will be used to clarify ownership
of the company's issued and outstanding shares. Comparison and
analysis of these resources should allow the company to determine
if there is a share imbalance or a significant failure to deliver
positions in the company's stock.
The company would like to recommend that each shareholder ensure
that his or her brokerage firm has not lent out the shareholder's
stock without the shareholder's knowledge and consent. Each
shareholder is also advised to ask his or her broker's compliance
department if anyone has made a loan of the shareholder's stock
position to potential short sellers. Each shareholder should also
ask how to prevent this from happening.
If the company's research and examination does find an imbalance
in regard to short positions, the company will act to correct the
problem.
Management wishes to assure Cascadia's shareholders that it will
be diligent in examining the data to ensure the integrity of its
shares and that it remains firm in its commitment to maintaining
fair and proper market valuation of the company's stock for the
benefit of its shareholders.
Cascadia Investments, Inc. is a publicly traded company
operating in the Pacific Northwest. The company's principal
objective is to create equity and long-term earnings growth through
the acquisition and development of its social media, gaming and
other web based apps.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the
forward-looking matters discussed in this news release are subject
to certain risks and uncertainties which could cause the Company's
actual results and financial condition to differ materially from
those anticipated by the forward-looking statements including, but
not limited to, the Company's liquidity and the ability to obtain
financing, the timing of regulatory approvals, uncertainties
related to corporate partners or third-parties, product liability,
the dependence on third parties for manufacturing and marketing,
patent risk, copyright risk, competition, and the early stage of
products being marketed or under development, as well as other
risks indicated from time to time in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events. All trademarks and
copyrights remain the property of their respective owners and no
association is express or implied.
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Cascadia Investments, Inc. Tel: 253-777-3507
Cascadia Investments (PK) (USOTC:CDIV)
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