Coil Tubing Technologies, Inc., §7; no action recommended, 9/15/1910

No action recommended to require registration of additional shares of Coil Tubing stock to be issued in connection with settlement of lawsuit. Coil Tubing spin- off from Grifco resulted in under-issuance of shares of Coil Tubing, after which Depository Trust & Clearing Corporation/Depository Trust Company unilaterally created additional shares of Coil Tubing stock to rectify and lawsuit resulted.

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