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thats what I e-mailed them and thats what they e-mailed back. lol. can't understand what they are reading.
lol, well I have 150, reversed 1-150 to 1 which is less than 100 so I am due the 100 round up. thats pretty simple isn't it.how come they don't get it.
LOL, here's their reply
Thank you for your inquiry. Currently the round up shares of CAGM were posted to entitled accounts. Any stockholder who owns 99 or fewer common shares as result of the reverse stock split will have the number of new shares to which they are entitled rounded up to 100 shares. Since your account held 150 shares prior to the split, your account was only entitled to 1 share after the 150 reverse split. You can verify further by contacting the issuer if needed.
the TDA reorg dept used to know what they were doing. not any more. they can't even read and understand what they are reading
bot 1 in 1 account, 150 in the others. its been 3 wks since TDA reversed this in my account. I would expect to see the 100 soon. this one mentioned the round up in def-14c but was not on daily list. only had the rs.
sent an e-mail to TDA to make sure they are aware of the 100 share round up
nope, just got the faction rounded up to 1
maybe, did mention certs in there, but don't look like anyone is gonna be able to buy it anyway, so don't think it matters.
POLC, from def-14c,
Any shareholder who owns 1,000 or fewer common shares will
receive one hundred shares.
only need 1, tdamtd doesn't recognise the symbol
wondering why they are cashing out that fraction in the first place. thought the filing said they would round up fractions to the next whole number. giving you 4 instead of 3
well, if it was just one broker I'd say that broker didn't have a clue what they were doing. since it's 2 brokers I'd have to say ya got 2 brokers that don't have a clue what they doing. :)
looks like they are giving and taking away the cash in lieu for the partial share. 100/29.1=3.46
e-mailed em couple days ago, said they had requested shares, no idea when they get them
lol, you see this,
6/11/2007 CLRX C S T Entertainment Inc Common Stock LGYH Legacy Holding, Inc. Common Stock 1-600 R/S; no certificate of 100 shs or less will be reversed below 100 shs
says no certificate. then this Drage guy comes in screws up the works so peop that shouldn't have got shares actually got them. correct me if I'm wrong but peop who bot 100 got 100, peop who bot 1 (which was really the buy) got 1.
maybe he can screw MXSV up so we all get shares. lol :))
appears to me he knows nothing about xdate.
find it yourself, I don't give a hoot about beneficial owners
this has nothing to do with xdate. it has to do with the fact that you have no cert in your name. people that requested certs have got the round up. peop le that bot in full service broker accounts have got them. DTC,TA,company are doing exactly what they said. they are rounding up cert holders.
well, I don't think MCII is a very good comparison to MXSV. MCII never mentioned certs. now HBDY, BDCG, and a new one, FRZR they all mention certs. anybody get HBDY 8/14 or BDCG 12/19 yet? I'm sure some one did. those that buy through "full seervice brokers" that are gonna make sure you got a cert in your name, whether its paper or electronic.
who your broker?
aturd been doing it like that forever and I always wondered if they were playing them shares before they gave em to us but according to them they don't. they claim when they get them I will get them. they have also said that these round up shares are delivered snail mail, which explains the 3 wk wait if it goes off with no problems.
and as far as that example you give IMO, if you had 10 certs the TA would know it and aggregate(add) them together and you would end up with 1 round up
10 250 share certs = 2500 rs'd 1-1000 = 2.5 rounded up to 500
the problem is you don't have an electronic cert. problem lies with your broker. I can only speek for tdamtd, but suspect other brokers do the same. they lump us together and request a total number of shares for everyone. they are cutting corners to make their job easier. what they end up with is 1 cert in street name and tdamtd is the holder. it is that cert that gets reversed and rounded up to 500 in this case. at that point they don't have enough shares for all the peop that bot. I've heard mention that this round up was at the broker level. that is exactly why, you broker is the only cert holder. your broker is also the only one that knows you are a shareholder. they do this on all trades where there is more than 1 person that has bot ABCD stock. the ony time it becomes an issue is when these round ups or cash buy outs mention certs.
most of these plays say "shareholder" not "certificate". don't need em then.
from def-14c, first paragraph I believe
No certificate greater than five
hundred shares will be reversed below five hundred shares.
do you have a cert in your name?
my guess is no
who's complaining. I don't believe this is a date issue. I been telling all of yas since the pre-14c came out its gonna be a cert issue. you don't have a cert in your name you don't get the round up!!!!!!!
I know peop who bot and requested certs and got the round up. kindfa blows that date deal out of the water now doesn't it.
from the same link that ed put up
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
http://www.sec.gov/answers/dividen.htm
IB = Interactive Brokers, and I personally know someone who got their round up from IB shortly after xdate, sold at 3.00 and bot back thursday at 1.95. $500 on a round up. pretty good if ya ask me. LOL
once peop figure it out, they'll either quit buying em when they say certs or buy em and request certs. but then you got a lot more expense involved
I've heard wachovia, nesbitt burns, and wells fargo. all full service I believe
I'm not confident at all that anyone gets shares unless they bot trough full service broker or requested shares. gonna be a lot of pissed off peop.
this short thing I believe is all IB. they fronted shares to their people and when they didn't get the shares they are now taking them back. I don't believe any other brokers even got shares. other than full service brokers.
yes, I trully believe you are. I also know peop who bot and requested certs and got the round up in cert form.
here comes a bunch of nonsense. these round ups don't work when they say "CERTIFICATES" unless you are buying them through a full service broker (which I believe DFLY did) or you buy through a what I call "online discount broker" (tdaturd, eturd,potty scotty, IB etc.)and request certs. :))
ck HBDY,MXSV,BDCG, and now FRZR pre or def-14c. what do they all have in common "CERTIFICATES"
ck the ones that have worked, what do they sy "SHAREHOLDERS"
once you all figure this out for yourselves you'll know why they aren't working.
been playing these roundups for 6-7 years and they never work when they say certs
all thyis BSis IMO
FRZR, it also says this.
EXCHANGE OF STOCK CERTIFICATES
If the Board elects to effectuate the Reverse Split, each stockholder will be entitled to submit his or her old stock certificate (any certificate issued prior to the effective date of the Reverse Split), to our transfer agent, Corporate Stock Transfer, 3200 Cherry Creek Drive South, Suite 430 Denver, CO 80209, and be issued in exchange therefor, one new certificate representing one share for each 20 shares (assuming a 1-for-20 Reverse Split) reflected in the old certificates, rounded up to the nearest share.
As of the Record Date, there were approximately 547 holders of record of our common stock.
On or after the effective date of the Reverse Split, our transfer agent will mail a letter of transmittal to each stockholder. Each stockholder will be able to obtain a certificate evidencing its post-reverse split shares by sending the transfer agent its old stock certificate(s), together with the properly executed and completed letter of transmittal and such evidence of ownership of the shares as we may require. Stockholders will not receive certificates for post-reverse-split shares unless and until their old certificates are surrendered. Stockholders should not forward their certificates to the transfer agent until they receive the letter of transmittal, and they should only send in their certificates with the letter of transmittal. The transfer agent will send each stockholder’s new stock certificate promptly after receipt of that stockholder’s properly completed letter of transmittal and old stock certificate(s).
Stockholders will not have to pay any service charges in connection with the exchange of their certificates.
ah, ok, didn't know you bot em back, was it wells fargo tho. and did they say you needed to buy them back?
DFLY, you got round up shares and sold didn't you? wells fargo was it? IMO, I don't think they take your shares back. I think this is an IB problem. we'll see
don't know if I like this part
P/D is postponed pending approval on 2/20/08.
01/17/2008 1:25:58 PM|NBB|DMGS|Distribution Management Services, Inc. Common Stock||.10 spl|12/17/2007|12/19/2007|01/04/2008|Refer to the Daily List of 11/26; P/D is postponed pending approval on 2/20/08.
01
hmmm, mine are locked up in account,"do not trade"
tdamtd telling me they are just waiting on the money, don't see a problem yet. do show 999 HRLS in gains keeper tho
xdate was 11/23
11/21/2007 1:04:01 PM|BB|MXES|Matrix Energy Services Corporation Common Stock||1-1,000 R/S|11/23/2007|||Shareholders with more than 500 shares will not be reversed below 500 shares; Shareholders with less than 500 shares will be eliminated; please refer to SEC Filing DEF 14C filed 10/25/2007 for further details. New Symbol: MXSV
11
sure looks to me like 1 would work, I bot 1 in 1 acc and 150 in all the rest, don't understand the 151 trades