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Re: None

Thursday, 04/24/2014 11:34:10 AM

Thursday, April 24, 2014 11:34:10 AM

Post# of 29916
As others indicated, it can take weeks to get the new shares sent from reverse splits & other reorgs by small cos. It even happens for just a symbol change with no reverse split or other reorg! I think it saves them money. It seems ridiculous that the SEC lets them do this in a "modern" age, but they do. Of course, the SEC often does loads of crazy stuff.

The Sec logo: "The Investor's Advocate"

I say, "With friends like the SEC, who needs enemies?"