Next10, Inc. (NXTN)

[nsomniyak]

Schwab has posted a tiny little cash-in-lieu of shares item for fractional shares of NXTND (if you did not own an exact multiple of 300 shares of BLLD, you would have had 1-299 "left over", or fractional shares of NXTND once you applied the 1:300 reverse).

It is good that they have done this, but the rate is REALLY low.

In the account where I had 100 leftover shares of BLLD, I got 3 cents. In the account where I had 200 shares left over, I got 5 cents. This suggests they valued each BLLD share at .00025 to .0003 - WAY lower than the already low last trade on BLLD.

I have not seen "cash in lieu of fractional shares" items entered at either Zecco or Just2trade, where I also had "left over" BLLD shares.