Blue Water Global Group, a developer of casual dining restaurant properties in popular tourist destinations, reports that the Depository Trust Corporation (DTC) has approved the company’s common stock for DWAC/FAST transfer through its transfer agent, VStock Transfer, LLC.
Following the approval of stock transfer capability, Blue Water’s shareholders can now transfer their shares of Blue Water electronically on the open market without the extra expense and delay associated with requesting and transferring physical certificates. Furthermore, shareholders are relieved of the inherent risks associated with the loss and replacement of physical stock certificates.
“We are pleased to share this corporate development with our shareholders. Not only does becoming DWAC/FAST eligible provide our existing investors with new efficiencies – both in cost and time savings – but it should aid in facilitating more trading in the open market and help increase overall shareholder liquidity in Blue Water’s stock,” Blue Water’s president and CEO J. Scott Sitra stated in the news release.
Company shareholders will also benefit from the reduced time from weeks to hours for stock deposits and withdrawals into brokerage accounts.
Another side benefit is companies that are approved for DWAC/FAST electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.
For more information, visit www.bluewaterglobalgroup.com
Let us hear your thoughts: Blue Water Global Group, Inc. Message Board