Friday, April 04, 2014 6:28:21 AM
cajunmanbob, to explain the ESSI situation...
You absolutely "do not" get the same number of shares in the spark-plug company as you do from the private company. To help explain the situation that transpired here with ESSI, read the post below of which is also in a sticky:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96541276
Here is another post made from the company:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96982610
Certain procedures were deliver publicly by the company of what was needing to be taken in order to obtain your 1 for 1 ratio of the now private entity of the "Spin-off Shares" of Eaton Scientific Systems, Ltd. I received my stock certificate a good while ago which equated to the exact same amount of shares I had sitting in my brokerage account. I'm guessing anyone that followed the procedures that were asked have also received their stock certificate too. However, this is only one of two parts.
The second part was that the shares of ESSI held in the brokerage account would be given a 1 to 1,000 reverse split. However, your ratio of the private shares to be given was based on the amount of shares owned pre-split, but I'm not sure now how such would be based for those who took no action. You would need to call the company to find out those details to see if it is too late to obtain the pre-split amount of shares owned now that the time has passed for completing the required procedures.
I saw where someone posted that they had done nothing and still received their 1 for 1 basis of shares for the private entity. I can't speak on that situation. Again, I'm not sure as you would need to call the company to get what you need to do; if anything could be done at this point.
ESSI , years ago, had already acquired the rights to the drug called Homatropine which was already an "FDA Approved" drug to treat climacteric (menopausal) symptoms and was simply waiting on the patent to move forward with some significant plans. It took roughly 7 years and 5 months for them finally obtain this patent, but they now have it. From what I had learned, Eaton Scientific Systems, Ltd. had some very serious plans for moving of which they believed would be better for the shareholders if they were to go private, especially since obtaining their long awaited patent below:
http://www.google.com/patents/US8653145
v/r
Sterling
You absolutely "do not" get the same number of shares in the spark-plug company as you do from the private company. To help explain the situation that transpired here with ESSI, read the post below of which is also in a sticky:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96541276
Here is another post made from the company:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96982610
Certain procedures were deliver publicly by the company of what was needing to be taken in order to obtain your 1 for 1 ratio of the now private entity of the "Spin-off Shares" of Eaton Scientific Systems, Ltd. I received my stock certificate a good while ago which equated to the exact same amount of shares I had sitting in my brokerage account. I'm guessing anyone that followed the procedures that were asked have also received their stock certificate too. However, this is only one of two parts.
The second part was that the shares of ESSI held in the brokerage account would be given a 1 to 1,000 reverse split. However, your ratio of the private shares to be given was based on the amount of shares owned pre-split, but I'm not sure now how such would be based for those who took no action. You would need to call the company to find out those details to see if it is too late to obtain the pre-split amount of shares owned now that the time has passed for completing the required procedures.
I saw where someone posted that they had done nothing and still received their 1 for 1 basis of shares for the private entity. I can't speak on that situation. Again, I'm not sure as you would need to call the company to get what you need to do; if anything could be done at this point.
ESSI , years ago, had already acquired the rights to the drug called Homatropine which was already an "FDA Approved" drug to treat climacteric (menopausal) symptoms and was simply waiting on the patent to move forward with some significant plans. It took roughly 7 years and 5 months for them finally obtain this patent, but they now have it. From what I had learned, Eaton Scientific Systems, Ltd. had some very serious plans for moving of which they believed would be better for the shareholders if they were to go private, especially since obtaining their long awaited patent below:
http://www.google.com/patents/US8653145
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39092516
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