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Wednesday, September 22, 2010 12:03:07 PM
"Thank you for your inquiry. Whenever a security performs a reverse split or exchange into new shares, it requires us to remove the original position from our records and replace them with new shares we receive from the company. Accounts are then updated to the new side once the Depository Trust Company (DTC) receives the new shares. At this time, DTC is still waiting for the BANID shares, but they are expected to arrive fairly soon. These kind of name changes are typically complete within the first couple of weeks, but can sometimes take longer for non-US based companies or OTC listed securities."
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