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Friday, April 15, 2016 4:46:06 PM
Were you ever contacted regarding standstill?
I was neither & yes, I exercised. I posted something about the process regarding a couple "rule changes" they never disclosed & how it screwed me.
I attempted thru TDA & never heard anything so I called them (TD Ameritrade). They said Vapor was requesting my full name & account number which was "unusual" & they needed my permission to do that. Don't know how long it would have taken for them to call me? Anyway, I told TDA they "had permission" but since a week had passed since my request & the pps was tanking daily I wanted to know what date would be used for pps conversion. TDA emailed me back an hour later & said that "2 days prior to today so .07 cents per share". I said " cancel the request". They said "too late", request was submitted and NO cancellations! The rules for exercise had allowed a cancellation if done within 24 hours so "change #2".
By the time I got my .07 cent shares pps was below .02 so I said F it, I'll wait & see what happens, which was another big mistake!
Also, TDA kind of wanted to blow me off when I first called them. I had to be " persistent " with them. Tell E-Trade about the name & account stuff or call Vapor's agent direct.
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