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Wednesday, November 10, 2010 5:52:47 PM
rich - I received a vm from the auditor with McGladrey, who said he had called the attorney (Chris Wilson) about the Regeneca shares. The auditor said the attorney confirmed that the Regeneca shares have been designated, and holders as of the 4/22 record date are entitled to the shares. To save expenses, they have elected to hold the shares in book entry form until the Regeneca IPO, so no certificates have been printed and no distribution into individual brokerage accounts has been made.
He advised me to send a letter to the attorney to establish a paper trail.
Hope this helps-
A1
Have you called McGladrey and/or Chris Wilson to ask both how "shares had been designated" and held in electronic form but not distributed to save expenses, and now it appears nothing could be more further from the truth, both then and now?
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