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Wednesday, October 03, 2018 4:43:54 PM
Ameritrade shared today that I must have the $655 cash in my account to start the process of restricting the shares and it could take up to three weeks. You can sell a security and use the money right away without waiting for settlement. Ameritrade shared that all of the GCAN shares is sent to them in a bulk certificate.
Also, VERY IMPORTANT to know; to unrestrict the shares you must put in an order to sell the shares at a defined price and then once sold the process of unrestricting the shares will occur and the money will be reserved in your account.
If you don't sell all your shares at once then you will have to pay the $655 for each trade to unrestrict the remaining shares.
It sucks and is a gamble of when to start the process. I wish that GCAN would take the steps to unrestrict on their end which is what Ameritrade claimed they could do.
LOVE the run, let's keep climbing!!!
$$$GCAN$$$
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