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Re: gadittri post# 36397

Thursday, 02/26/2015 11:13:09 AM

Thursday, February 26, 2015 11:13:09 AM

Post# of 63559
I was told that some brokerages let you buy/sell shares based on credit. They credit you the new shares they know you have. They know that it is a 1/26 R/S rounding up fractional shares to the nearest whole share. they give you the adjusted shares and let you do what you want with them even though they haven't actually transferred over to the brokerage yet.

apparently scottrade is more conservative. Glad to hear that the shares will transfer over within the next day or two though. I actually think we will be on a senior exchange before 6 weeks is up.