Strategic Global Investments, Inc. (STBV)

[Ed the Trader]

"I use ETRADE and waited 2 months one time for reverse split shares to enter my account."

Although E-Trade is well known for dragging their feet regarding getting new post-split shares to shareholders, E-Trade is just responding to what the share issuing corporation does with regard to making the new shares available.

It does not have to be that way. I was holding MetroPCS in an E-Trade account then they did the merger with T-Mobile, and the merger involved a split. For one day, the ticker was frozen while the old shares were tabulated and new shares were redistributed. The new shares were available to everyone, including E-Trade customers, at opening bell the next day.

So, it is possible for fair dealings to happen during a split. However, the share issuing corporation (in this case, Strategic Global Investments, Inc.) wants current shareholders to get wiped out as much as possible else they would not allow the split to happen in the manner that they are.