If you were never contacted, never signed anything, & not part of an investor group, then I'd say you are not subject to the standstill rules.
Etrade is dropping the ball. If you're sure you want to exercise, I suggest doing 1 of these 2 options:
1) Call Etrade & tell them you know people with TDA are exercising daily. And the DTC needs your full name & account number which you give permission to provide. You want an exercise confirmation by the end of the day or you want the needed info to file a complaint against them (Etrade). They work for you so it's their job to do this.
2) I can't find the name & phone for the agent doing the exercise. You can browse thru the SEC filings over the weekend to find it? Call them, or Vapor, or email excashless @ VPCO.com asking them how to exercise direct.
The B/S value went from 1.08 to 75.78 after the 1-70 RS. The qty of warrants you own was also reduced by the 1-70. So if you own & exercise 100 warrants, you get $7,578 worth of shares, based on the closing pps from 2 days before your request.
If you successfully submit the request on Mon 4/18, you get the pps for Thurs of 4/14 which was .001 so $7,578 / .001 = 7,578,000 shares. The problem is if it takes until Thurs 4/21 for the shares to actually hit your account, which is possible, and the pps on 4/21 is .0005, then your shares are already worth half their value.
It's a total roll of the dice. Factor in the pps could hit .0001 or they could be booted back to pink ANY DAY which means no exercise. Final thought is there are still a ton of unexercised warrants. Are people holding them because they think they will be worth something, or are they just not able to exercise?
