swing date - transfer agent update
spoke to a guy in TDAmeritrade's reorganization department.
he says TDAm wont list CSHD shares yet to protect us, the holders of the shares, from accidentally shorting the stock. or as he explained to me "if you sell some of your shares now, and someone buys them, but we dont actually get the shares from the company, then you will owe the shares to the person who bought them from you"
he went on to say this was a big 'chat board stock" and that the shares that are trading right now do not really exist - that i'd be surprised what goes on. that these trades are all "invisible shares"
the status:
he says that TDAm is awaiting a "security transfer to us... the transfer agent sends shares to the DTC who swings the position to us.
currently the DTC shows an anticipated swing date of AUGUST 14TH."
so, integrity hasnt transferred anything yet? i asked him.
he seemed surprised that i busted out the transfer agent's name ;)
and he said no, nothing has been moved yet. but when it does, it should hit all brokerages at the same time.
~BB
