2 weeks is up on the 29th!
On 11/15/2018, Neah Power Systems Inc. underwent a 1:2,000,000 reverse split. As a result, you now hold x shares of XNRGI Inc.. Currently, we expect for the reorganization to be completed within 1-2 weeks. Please log on to your account and go to etrade.com/portfolio to view the position.
For your reference, a reverse split occurs when a company reduces the number of outstanding shares, while at the same time proportionally increasing the value per share. In theory, there should be no reduction in the value of the position due to the adjustment of the stock price. However, the price is always subject to market fluctuation once the stock begins trading. Finally, as we must facilitate the exchange of shares in your account, a $38.00 reorganization fee was charged to cover the processing costs. To see the details of the fee (as well as the terms and timing of the split), go to etrade.com/transactionhistory.
