The Free Money Board

[Phoenix-Rising]

Im not sure I even know how to respond to this ignorance unless they goofed the whole thing up... putting in the fractional part after the F/S wording on otcbb.com?


Because you had less than 500 shares, yo did not receive any new shares in the 500 for 1 reverse split.

XXX does not hold fractional shares of stock in our accounts. All clients will receive cash-in-lieu payments whenever a corporate action results in a fractional share being received. Cash-in-lieu payments are generally credited to client accounts within three to five business days from the date of the original corporate action.
Please let us know if you have further questions.

Original message
Im writing in concern to a recent transaction of ENTX. On 6/15/2009 ENTX completed a 1-500 R/S immediately followed by a 500-1 F/S; Cashing out fractional shares at 0.35 per share. ** per
http://otcbb.com/asp/dividend.asp?sym_id=ENTX&dDate=6/15/2009&sDateType=ex_date

Im curious why my 499 shares were not cashed out as I had less then 500?