the argument is just the same as if you drive w/o your car being registered for a month and somebody hits you not fault of your own, YOU are responsible, because YOU didn't follow the legal procedure of registering your car. I'm not saying Scottrade didn't make a mistake, I'm saying that because MDNO failed to follow the rule of law, the reorganization of shares will be held void. IMHO...after reading 63, 64, 65