10/14 is the cut off date for E*TRADE.
Common shares, you’re considered at the bottom of the payout option if the company goes bankrupt or anything.
Preferred shares you’re higher on the tier and get a better payout.
If the company goes bankrupt or anything,
Converting now is 250:1.
$38.00 dollars is the charge.
The name change will happen when E*TRADE gets the final paperwork, ALSO the value for 250 shares/1 is going to be around 15 dollars. Which was not only stated on the PR but by the agent, the agent also said it can differ depending on how the market reacts to it.
If the conversion DEADLINE IS 10/16 which is a Friday he said expect the name change to come into place on Monday the 18th. He said that particular opinion is based on historical changes he’s seen.
Will be getting notified tomorrow concerning this “lockdown”. I’ll post again and confirm anything.
He also said “this isn’t a bound” I see no where here that you have to be locked in.
Again he said he’ll check and see if there’s other information with a different department he’s missing.
168 per account seems absurd & even he said it’s never over 40 dollars.