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What question? I did. The dividend discussion came about because educated investor neglected to say that the reason they wanted the ss#. For CFD$. Trying to blame it on identity theft. That has been the entire conversation all day. When in fact they need it to eventually pay a dividend.
From CDF$. I did not start this...and you jumped in the middle of the conversation and now are taking things out of context...Go back and read the posts. Start from the beginning of this day.
From CFD$. The conversation that you jumped in the middle of. Just go back to the beginning of the day and read.
Go way back not where you jumped in. Anything you added clearly had nothing to do with identity theft.. Start back earlier today. Much earlier.
But that is the conversation that you jumped in the middle of. Read back through the posts.
But the thesis that you jumped in the middle of here was that it was identity theft. Your explanation has nothing to do with that.
If it its identity theft and that is a persons belief then don't give it up? Remember you jumped into the middle of a conversation that was about CFD$ not ANDI.
But why did they give us the preferred? Why couldn't they just have filled bankruptcy? Why go to all the trouble? And still!?
My questions are once again, how does my holding the preferreds perpetuate their scam and how might it cost me more money?
Identity theft is an obvious concern.
For those convinced of this why would they provide their information?
And I deal with many companies outside if the brokers. And the transfer agent wants my ss#.
But you did give your broker your #ss.
You did not do your "homework". You neglected "angle" to tell that they needed the info to give the dividends.
I'm not sure who you are replying to, but since you have no preferred you are sending nothing to nobody. Anything before they send us instructions to do something is speculation and its "ridiculous".
What?
I said a check. And yes they do need your ss#. Its called taxes. You neglected to tell about the "angle" called a dividend.
So did you look at the "angle" that there might be a reason that they asked for this information...Like they are going to give a dividend? And yes you could have asked for a check instead of giving your bank info?
It just a conspiracy theory being floated over on AND$. That it is an identity theft scam.
I'm ok with it. The reason they need this is to give out the dividends...this requires both a bank account or send a check and a ss#, for taxes... I too think we are looking at the wrong thing if we think identity theft is their game..
Did have the option to ask for a check?
Hey Digi are you being asked bank account info as part of your information required to swap out your CFDT shares?
Those were your words.
But it is speculating and it is "ridiculous".
Agreed. So for those that are mixing the two stocks here, we should stop.
This is the very pertinent information that I need which had been my other question. How can this cost me additional money? Has anyone challenged them on this issue?
Your correct. Somehow I was thinking they need this for giving money. So what is their excuse?
Don't do it sounds like the correct answer.
See the post to Pl. Your correct this is of concern.
I agree that they could mail me a check. They do not need my bank account number. That is a concern. I have checked before on this and am told that there is not much of a way to stop someone from drawing money out. Make sure there is little money in it. Start a new account until you trust the trust. Call the police if it happens. I don't like this part either. Fortunately the other guys at CDT$ are going to report on this to the rest of us if that is it.
The ss# I don't see much way around since it is required for taxes. Isn't it?
The easiest way to avoid this is to not do it. Simple?
So then what's the problem?
Identity theft?
So is that the scam?
It was more of a generic statement. My bad.
As far as sending information they already have that except my ss# and bank info. That part certainly could be of concern. Should always be of concern no matter who one gives it to.
Well once again, if you feel that it is a scam then I have a solution for you.
It is a possibility that they were trying to drive the price down so they could buy them cheaply...Good luck to anyone who thinks that holding those shares thru the reverse is a good idea. Most generally not. So if the price does not have some support after the reverse then they themselves will lose.
This goes back to my original question as to why they need me to perpetuate their scam? I don't think the $104 is a good enough scam. The three companies combined don't have 1000 people holding preferred. That is only $104K. If the price drops right away as some predict, it will cost less not to even send in the preferred and just keep the $104 in ones pocket. If it costs $104 to get say $200 well then it is still more than I had. And closer to recovering my initial money that I lost.. No if there is a scam it must be something else. IMO.
These are day traders and shorters. It easy to spot them. They're the new guys.
Me too JS, me too.
Try Jay King 1-604-570-0758
I agree that an incorrect addresses is a concern. That is pertinent information.. I go to these boards for that. Not the drama. You can find drama on practically everyone of these boards.
And the satyr is funny.
However this stock no longer relies on pertinent information such as is the golden cross happening or even is the stock going to be worth the paper it is printed on That has been debated. It is when can I cash in my one share? In paperlions case is he ever going to get the thing. But if one believes that that its never or when her or she does that it is worth nothing, then I have a solution.
So if they are worthless then it is really no worry that you get your shares.
For anyone who has already sold their common shares and holds the preferreds and feels that there is no hope the preferreds will be anything but "worthless". I have a solution for where you never have to worry about it again. It will allow you the freedom to go worry about something else. On your taxes you will quite simply do what you are already going to do which is claim a loss for the commons you sold. This simple solution requires you to do only one thing with your preferred shares certificate. It won't cost you another single dime. It will truly set you free from worry of the performance of ANDI.
Where does one see that at?