InvestorsHub Logo
Followers 12
Posts 909
Boards Moderated 0
Alias Born 12/30/2004

Re: beigledog post# 115

Tuesday, 01/23/2007 4:32:07 PM

Tuesday, January 23, 2007 4:32:07 PM

Post# of 1068
Here is the response I received....

"It appears that your shares of Pegasus Communications (XAN) underwent a recent 1 for 100 reverse split, effective 1/10/2007. At this time, we have received a preliminary indication from the company that shareholders of less than 100 shares were set to receive cash in lieu of their shares.

Regrettably, at this time we have not received the cash from the issuing company. Once we receive the funds we will promptly post the funds to your account. Typically, cash in lieu payments occur in the 2 to 3 weeks following the effective date for the split."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.