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Re: PennyStockYoda post# 22010

Friday, 05/16/2014 10:01:57 AM

Friday, May 16, 2014 10:01:57 AM

Post# of 40789
Secco Fairly sure you know this but for those who may not - if they do the symbol change, as they have indicated in PRs, we then have to then wait for the new symbol shares to be delivered to our brokers that takes 1 wk up to 2 months (that is my experience with pinkys, although the brokers tell you a week to 10 days usually. *Not sure how that affects the divy timing. Just depends on if they issue the divy prior to the symbol change, or after it. Imho if after the new symbol change, it likely delays it further, not expedites it, jmhvo *If per chance, that is not the case and they issue the Divy prior to any symbol change then that could be done fairly rapidly imho.

Personally I would prefer the divy be given in the existing symbol, and prior to a symbol change. Under the new symbol it could take months to arrive, though that is never said by the broker, they normally say 1 wk to 3wks for pinkies. ** I have had actual share exchange just due to symbol change take a couple of months on a pinky.


Guess we shall see how it unfolds, but I am hoping they issue the divy prior to any symbol change and fairly quickly, that would increase trading flexibility for all. Imo the divy is as much a company threat to reduce shorting as anything, since shorts become responsible to cover a divy, perhaps that is why the X date has been delayed in the past on this one.

Bol 2 us on pennies we can always use it.

T2M