An example of the time this takes: One day I got brain dead and bought 7500 shares of a stock named ABSD. Weeks later, I noticed I had 24 shares of ATLB. I had 24 ATLB for a couple days and Etrade now shows it as 7500 shares of a number. This has been at least 3 weeks!!
ABSD had a reverse split, and etrade still doesn't have it sorted out. This was just a r/s not a confusing reverse merger. I imagine the r/m we are facing will take etrade forever if they can't even figure out a simple r/s.
I've been through this r/m stuff before with Keating reverse mergers. My Penson broker, Lowtrades, shows them immediately and I was always able to sell day one at a high price. I watched the stock tank as others sold. I was unable to sell Etrade shares because Etrade still lagged on getting my shares. It appears though that Etrade had done me a favor. By the time I had gotten my etrade shares, the stocks had regained their prices and some even were higher!
I wish all of us good luck on this one and on others to come! It's a great way to get bang for your buck! GLTA!
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