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these cash buyouts can be a bizatch, lot of things to go wrong with em, I don't normaly play em unless its a nice chunk of change
For the amount of money its not really worth it. Makes me not wanna play the dailylist game though
OMG, don't know how ya gonna fight that. sheesh
maybe call the company or TA
LOL... here is the reply
The settlement date of your purchase was 6/17, which was past the cut-off to receive the cash pay-out, therefore you received the stock pay-out, which is correct.Please let us know if we may be of further assistance.
send them this
from filing
To consider and vote on two proposals to amend Entrx’s Restated and Amended Certificate of Incorporation. The first amendment would effect a reverse 1-for-500 share stock split of Entrx’s common stock. The second amendment would effect a subsequent forward 500-for-1 share stock split of Entrx’s common stock. If both proposals are approved, it will have the effect of reducing the number of our shareholders from an estimated 2,350 to between 800 and 900, and the number of our shareholders of record from approximately 520 to approximately 53, by cashing out fractional shares after the reverse stock split. If both proposals are approved, the shareholdings of a person owning 500 shares or more of Entrx in any one account will be unaffected, while the shares held by persons owning less than 500 shares of Entrx in any one account will be bought out at the price of $0.35 per share.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D09%2D016229%2Etxt&FilePath=%5C2009%5C03%5C26%5C&CoName=ENTRX+CORP&FormType=DEF+14A&RcvdDate=3%2F26%2F2009&pdf=
looks like your broker is screwing up. thinking the fraction gets cashed out, instead of your original share count.
Im not sure I even know how to respond to this ignorance unless they goofed the whole thing up... putting in the fractional part after the F/S wording on otcbb.com?
Because you had less than 500 shares, yo did not receive any new shares in the 500 for 1 reverse split.
XXX does not hold fractional shares of stock in our accounts. All clients will receive cash-in-lieu payments whenever a corporate action results in a fractional share being received. Cash-in-lieu payments are generally credited to client accounts within three to five business days from the date of the original corporate action.
Please let us know if you have further questions.
Original message
Im writing in concern to a recent transaction of ENTX. On 6/15/2009 ENTX completed a 1-500 R/S immediately followed by a 500-1 F/S; Cashing out fractional shares at 0.35 per share. ** per
http://otcbb.com/asp/dividend.asp?sym_id=ENTX&dDate=6/15/2009&sDateType=ex_date
Im curious why my 499 shares were not cashed out as I had less then 500?
I send them the stuff. The PR says it went through. My account says otherwise.
Peter L. Hauser, President of Entrx Corporation (Pink Sheets: ENTZ) (formerly ENTX and ENTQ) announced today that the trading symbol for Entrx Corporation has been changed to ENTZ effective 6/18/2009. The symbol, which is assigned by the Financial Industry Regulatory Authority (FINRA), originally had been changed from ENTX to ENTQ following the 1 for 500 Reverse split and immediate subsequent 500 for 1 forward split, approved by shareholders on 5/4/2009, resulting in approximately 310,000 fewer outstanding shares and approximately 900 remaining shareholders. Shares of shareholders owning less than 500 were redeemed at $0.35 per share. Shareholders owning 500 or more shares retained the same number of shares held prior to the effective date. Furthermore, a new CUSIP#, 293850 20 2, was assigned to Entrx's common shares. The initially assigned symbol, ENTQ, resulted in some confusion since a symbol ending in "Q" often designates that the securities of the issuer is in bankruptcy. At our request to alleviate such confusion, and to clearly state that Entrx Corporation is not bankruptcy, we requested FINRA assign a different symbol, which was done effective 6/18/2009. The new trading symbol for Entrx Corporation's common shares is ENTZ and the shares are quoted in the Pink Sheets.
SOURCE: Entrx Corporation
no buy out, hmmmm, maybe you need to let your broker know whats going on
well I ended up with the same number of shares under 500 of ENTZ... valued lower then where I bought them.. DOh!
didn't buy it, but from the filing it sounds like they don't care how many accounts you own it in, 30/acc wouldn't be bad
I got some. Not much though. LOL maybe ll make 30 bucks
13:55 6/15/2009 ENTX ENTQ Entrx Corporation Common Stock + 1-500 R/S immediately followed by a 500-1 F/S; Cashing out fractional shares at 0.35 per share. **
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/12/2009&mkt_ctg=ALL
from def-14c
Shareholders holding common stock in street name through a nominee (such as a bank or broker). In connection with the Reverse/Forward Stock Split Entrx intends to treat shareholders holding common stock in street name through a nominee (such as a bank or broker) in the same manner as shareholders whose shares are registered in their names. Nominees will be instructed to effect the Reverse/Forward Stock Split for their beneficial holders. However, nominees may have different procedures and shareholders holding shares in street name should contact their nominees.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D09%2D016229%2Etxt&FilePath=%5C2009%5C03%5C26%5C&CoName=ENTRX+CORP&FormType=DEF+14A&RcvdDate=3%2F26%2F2009&pdf=
WTH is DOLL doing?? thought it happened already ??
1-1000rs, followed by 1000-1 fs, fewer than 1000 cashed out at fifty. 3/23
http://www.otcbb.com/asp/dividend.asp?sym_id=DOLL&dDate=3/23/2009&sDateType=ex_date
That may prove to be a decent idea. This is now 2 out of the last 3 Arbs that have fallen through. Not good for the Free Money Board.
However, KATY has a buyer. 13D filed today. Notice at the end that they've bought 44k shares on Thursday and Friday...greater than the number that they'd sold over the past few months.
INFORMATION WITH RESPECT TO
TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
SHARES PURCHASED AVERAGE
DATE SOLD(-) PRICE(2)
COMMON STOCK-KATY INDUSTRIES INC.
GAMCO ASSET MANAGEMENT INC.
3/10/09 2,000- .8500
3/10/09 500- .9000
3/09/09 500- .9000
3/06/09 3,000 .9000
3/06/09 1,000- .9000
3/04/09 2,000- .8828
2/25/09 1,500- 1.0007
1/22/09 1,000- .9000
GABELLI FUNDS, LLC.
GABELLI VALUE FUND
3/02/09 1,700- 1.0200
2/27/09 12,300- 1.0121
2/11/09 2,000- .8500
1/26/09 1,000- .7600
GABELLI SMALL CAP GROWTH FUND
3/13/09 40,000 .6288
GABELLI ASSET FUND
3/12/09 4,000 .9000
(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
ON THE OTC MARKET.
(2) PRICE EXCLUDES COMMISSION.
I picked up some cheap KATY shares today, should be able to sell them at $1 in a month or two when it recovers. NITE kept stiffing me in the .30s though, I bet they were buying for inventory. Probably sold those shares in the .60s later today.
Stinks that KATY fell through, they just couldn't get their DEF docs filed quick enough and too many folks bought in.
Has anyone received a DOLL payment from a broker that uses Penson? I'm STILL waiting on mine...
DOLL...got paid in all 3 of my accounts yesterday. Another success story for the Free Money Board!
Yikes I actually own this loser,lol.
It definitely is my take. I've got 999 in all 3 of my accounts.
you see ENTX, 1-500 rs, 500-1 fs cashing out LESS than 500 at .35
don't think it's been voted on yet tho
wow, the link I had for the filing only had a paragraph or 2 and all it talked about was the TA will notify you on how to turn in certs. LOL
sounds to me like it'll work in multiple accounts too.
that your take on it??
I kept meaning to post about it over the last couple of weeks, but I've been extremely busy at work and my computer at home is dying.
Anyways. I'm in at .25 in one account and .16 in two others over the past week. I wish I could have got them at .11 like a couple people did, but beggars can't be choosers!
did not see that, was wondering where you were. sounds like it will work then.
JT...why do you think you need to be a record holder?
I called the company and they intend to pay street name holders.
In addition, this is from the DEF 14..
You will also receive cash for the 500 shares held in street name if your broker or other nominee accepts our offer for beneficial owners of fewer than 1,000 shares of our common stock held in the broker’s or nominee’s name to receive cash for fractional shares.
stock cetificate in your name. with TDA I am a "beneficial shareholder" not a "shareholder of record" (certificate holder)TDA is the "shareholder of record".
I would have to request certificates to get the cash buyout and I don't think there is enough time.
if your broker gets you certs in your name it will work. not many of these online brokers do that. a full service broker would.
not much info on it so not sure how it will go, but when they say the TA will notify you on how to turn in your certs. tells me I need certs in my name
What is that?
DOLL, sounds to me like you need to be a cert holder????????
DISK buyout $2.75/share
http://biz.yahoo.com/ap/081121/image_entertainment_acquisition.html?.v=1
estimated to be 32 cents...
Webb Interactive Services, Inc. Reports Agreement for Sale of Jabber, Inc.
Friday September 19, 1:35 pm ET
DENVER, Sept. 19 /PRNewswire-FirstCall/ -- Webb Interactive Services, Inc. (Pink Sheets: WEBB - News) today announced that Cisco Systems, Inc. (Nasdaq: CSCO - News) has entered into an agreement for the acquisition of Jabber, Inc., a minority-owned subsidiary of Webb. The acquisition is subject to various conditions and is expected to close in the first half of Cisco's fiscal year 2009, which ends in January 2009.
Based on a preliminary estimate of the proceeds available to Webb following the closing, Webb expects to be able to make a cash distribution to its shareholders of approximately $0.32 per share.
I could not find any clue as to how much cash may be distributed, perhaps you have had better luck?
Webb Interactive Services, Inc. Reports Sale of Jabber, Inc.
Monday November 10, 4:13 pm ET
DENVER, Nov. 10 /PRNewswire-FirstCall/ -- Webb Interactive Services, Inc. (Pink Sheets: WEBB - News) today reported that the previously announced acquisition of Webb's interest in Jabber, Inc. is complete. Webb expects it will be able to determine the amount of the cash distribution to be made to the Webb shareholders as a result to the sale of Jabber by November 30, 2008 and to complete the distribution by December 31, 2008.
I finally pulled the cash together to buy some WEBB yesterday
I am not an investment advisor...
nor do I play one on message boards. I did, however, sleep at a Holiday Inn Express last night...
KIK Does that mean I should have some still?
11/06/2008 12:18:44 Bought 4000 WEBB @ 0.26 -1,045.00
WEBB ... deal is done. I expect the dividend should be given out soon.
PRESS RELEASE
Cisco Completes Acquisition of Jabber
Last update: 8:02 a.m. EST Nov. 3, 2008
SAN JOSE, CA, Nov 03, 2008 (MARKET WIRE via COMTEX) -- Cisco (CSCO:
Cisco Systems, Inc
CSCO 17.11, -0.28, -1.6%) today announced that it has completed its purchase of Jabber Inc., a provider of presence and messaging software based in Denver.
The acquisition will enable Cisco to embed presence and messaging services "in the network" and provide rich aggregation capabilities to users through both on-premise and on-demand solutions, across multiple platforms including Cisco WebEx(R) Connect and Cisco(R) Unified Communications.
With the close of the transaction, Jabber becomes part of the Cisco Collaboration Software Group (CSG). CSG is part of the Software Group, consisting of Cisco's major software businesses, including the Cisco IOS(R) network operating system, network and service management, Unified Communications solutions, policy management, and software-as-a-service (SaaS) offerings.