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Re: grobtekrebssvindl post# 7039

Wednesday, 12/05/2018 1:17:27 PM

Wednesday, December 05, 2018 1:17:27 PM

Post# of 14687
Grobt, if you have 21 times the number of shares and the Finra/DTC was 20 for 1, then you obviously received it as a dividend. If it was 20 for 1 forward split, you would only have 20 times the number of shares because they replace your 1 with the new cusip 20. It is only how each broker wants to record it, but if you have 21 times your shares, you received it as a dividend.

Sigh,in my case and i assume everybody else's.Let's say i had 1000 shares with $19/share=$19 000. Monday i had the same amount of shares 1000,but $1.70=$1700,instant 95% loss. Now TD adjusted the numbers,they told me this is the standard procedure,adjusting the numbers later,so i "do have" 21X1000 shares now 21000 X $1.70 share price.Now if Your brokerage adjust the numbers right away and You got the dividends as well,then congratulation...but i did not.And let us know,instead of calling names,lecturing people..or deleting your own posts,accounts :o) Oh and the activity says "SPLIT" NOT "dividends"


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