I originally thought most of the people would have been done with the buyback program. However, I am not sure anymore. I think there may be more people still in line trying to get a cash payment for their shares than I originally thought. I think it is going to be a slow process.
For the 3-month turnaround, I think that is the best case and the fastest possible turnaround time. The 3 months was mentioned by the people who turned in the buyback paper work first and literally were at the front of the line when the buyback program first started.
For the 5-month turnaround, see post number 71055 on the LAHO board by Rose. Her son turned in the paper work in February 2022 and his paper work is still making its way through the process.
There were some big payout numbers posted. I don’t recall the administrative processing fee. But the fee was mentioned to me when I talked with Joseph Donohue at Vstock Transfer and was posted by various people. The total fees (administrative processing fee + other fees) seem to vary based upon circumstances such as which broker, which bank, etc. Some people paid an extra fee for rush service at their broker or at their bank while others were not charged any fees. See post number 71059 on the LAHO board by MagoAmado, MagoAmado mentioned rush fees to avoid a 4-6 week wait time to process his request at Charles Schwab. Since I haven’t made it to Step 2 of the DocuSign process, I really can’t say too much about the fees.
I think the process will be even slower than we think because I think a lot of people who turned in their paperwork have LAHO shares in two or more accounts. Definitely talk with Joseph Donohue at Vstock Transfer before you submit Step 1 of DocuSign.
