Cascadia Investments, Inc. Announces Share Count
17 December 2010 - 5:50AM
Marketwired
Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that
it is in possession of the Objecting Beneficial List (OBO) list
prepared by Broadridge Investor Communications. The OBO list
provides a share count of objecting beneficial owners without
revealing personal information regarding those shareholders. The
list obtained by the company indicates there are a total of 179 OBO
holders holding 10,656,602 shares.
The NOBO list has indicated that 49,279,059 shares are being
held by shareholders including institutions. A NOBO list gives a
more complete and comprehensive shareholder profile
The company's transfer agent, Signature Stock Transfer,
confirmed that 65,325,500 free-trading shares are issued and
outstanding. The Depositary Trust and Clearing Corporation
confirmed that it holds 61,575,007 shares at this time. The
differences of 3,750,493 shares are held by shareholders but are
not in the system.
Management reports that in its effort to provide greater
transparency, it has done a full audit on all the shares that are
issued and outstanding. It was suggested by Cascadia management
that investors may wish to notify their brokers and/or their
clearing houses to place their stock on a "no loan" list.
Cascadia Investments, Inc. is a publicly traded company
operating in the Pacific Northwest that focuses on developing
and/or acquiring cutting-edge Internet businesses. 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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