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PAYMENT - AWPC has to pay for the conversion - No Moola no shares
That's my thinking. Suggest everyone emails APWC about getting the shares moving. Email said "within 20 days" so it could be anytime. If it were to be sooner then why didn't the email say so. Also 20 days can be delayed by the issurer
Sorry again - you can't sell what you don't have - look it up
SORRY YOU ARE WRONG AGAIN. IF YOU SELL, YOU ARE SELLING IOU"S NOT STOCK, YOU CAN'T SELL WHAT YOU DON'T HAVE - LOOK UP NAKED SHORT SALE, IT BECOMES A PROMISE TO DELIVER, WHEN AND IF THE SHARES BECOME AVAIABLE. CHECK OUT THE RISKS.
NONE THE LESS AGAIN YOU ARE SELLING A PROMISE NOT THE STOCK-THERE IS AN IMPORTANT DISTINCTION
AWPC email reply said 'within 20 days" I calculated the date
Email back from Al today - new R/S shares are to be issued within 20 days, that makes it Friday 3/28 latest to the Tranfer Agent. TA tells me that they will turn them around in 24 hours of receipt of the certificates from the broker. This applies to all pre R/S shares, so we should expect to be able to trade the following week of 3/31. Floridagrl25 you are Wrong, check the facts -Fidelity fronts the shares pending recepipt - you have a naked short sale - you are trading IOU'S on paper not stock.
CONVERTED SHARES are no where. I contacted the transfer agent and they don't have the new stock certificates yet. So until AL gets them going - NONE OF US CAN TRADE R/S SHARES. I've emailed APWC twice and have not gotten a reply. Maybe we all should email AL and then he might get the process moving
NO shares anywhere. I contacted Etrade, the transfer agent and HPWC askeing when the shares will come through. Etrade is clueless !! The transfer agent and HPWC don't have enough consideration to even reply to my email. So much for customer service and shareholder support by all !!!!!
I don't necessarily want to sell, its just that the real movement won't take place until the bulk of the pre R/S are converted and some TRADING can really start
Only partially correct. If you had pre split shares you cannot trade ( with Etrade) them right now. You can buy but you cannot sell unless it is a naked short trade !! I know that is a fact because I have etrade, been trying to sell and contacting etrade daily. If you want to buy new and sell you can - but you cannot sell the R/S shares because etrade is waiting on the transfer agent - Thats a fact Jack !
Sorry a couple of days is BOGUS. Been through it before and it is more like a couple of weeks ( Etrade says up to six weeks) at the very least.
ONLY IF YOU ARE BUYING - NOT SELLING SHARES OF THE R/S. I've been going in circles with ETRADE - they are NO HELP at all
Thanks me too. Etrade would put the trades thought but only online and as naked shorts - maybe time to move to Fidelity- told etrade so
Again NAKED SHORTs, either the brokerage is fronting or the transfer agent has settled some to trade
Bottom line is that if the transfer agent hasn't settled the R/S with any brokerage - no one has stock to sell -only buy new then sell.
Etrade says that Fidelity is "fronting" the naked short trade and if it falls apart then they come back to you to replace the stock. could be a surprise on the back end if problems.
Yeah, I talked with Etrade Corporate actions. They tell me it could be a couple of days to 6 weeks before they effect the change. If etrade puts a trade through now it is a naked short trade and if called or other problems they we have to buy the stock back at what ever price and "give it back" The settle time frame depends on the stock transfer agent. Does anyone know who the stock transfer agent is so we can contact them to get them moving ?
If I have it right a R/S at todays range puts the PPS at $0.90 to $2.70
I stand corrected !!~!~
Yeah until Alf puts out the word that the R/S was a rumor then the stock will soar like it did a few years ago. Then all those who sold cheap will really be screamin'
Yeah I got etrade. I can see the bid and ask in total for each but have not found how to get the line up of the bid and ask in detail. So how do I acesses it on Etrade ? Appreciate the help.
Thnx much
Where can I get this screen to watch it for myself ? Appreciate any help you can give me.
Thnx in advance
I bought into this several years ago and put it in a drawer. Seems like the long term is starting to pay off
UPS is not a good way to ship - way too expensive for a commodity such as H2O. LTL is the way to go - UPS - not smart!
Hey Peggy,
Thanks for the info on VNDM. Appreciate it.
-- Gerber
Who is VNDM and what is that all about ?
-- Gerber