Home > Boards > US OTC > Mining/Resources > Royal Standard Minerals Inc. (RYSMF)

Hi eagles,

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PAUL_MARKOWITZ   Tuesday, 01/08/19 04:09:07 PM
Re: go eagles post# 2941
Post # of 2964 
Hi eagles,

You can read my earlier posts as I tried to understand the issues. Posts NO; 397,1041,1045,1053..

I bought this stock earlier this year...my shares became worthless at some point in September/October; that is when I came to know of the reverse split (553 to 1)...in my account, there was no symbol for the shares, my number of shares had reduced by the factor of 553, but the price was zero; and so the value was zero..

This frustrated me a lot; I called RBC and they said that the stock that had been split was not the same stock that I had purchased - I asked them to do a thorough investigation...A day later, they responded with the message below;

'For these details, you would need to contact the issuer, or their transfer agent which is the TSX Trust Company. Their contact information can be found by visiting: https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00002557. Our records do not show that your shares are currently trading on the Canadian Markets, and the shares that are trading on the U.S Markets, specifically on the Pink Sheets do not share the same ISIN identifier: CA7809191066 for RYSMF, and CA7809192056 for the shares in your account, nor the same CUSIP either, otherwise, if they did, it would indicate that it's the same shares.'

I called them again, and one experienced advisor advised me to leave the stock as it is; that the problem could be with the transfer agent; an issue that will eventually be resolved.

So I decided to count it as a loss..

But on around 22 December, my portfolio updated with the symbol RYSMF in place, and the stock price at $2...I held it for two more days and sold off everything at around $2.7

I feel sorry for you all who are in a similar situation....I hope your issues can be resolved soon and be able to sell before the stock goes back to pennies

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