Thursday, October 13, 2011 2:56:02 PM
What would it hurt to send in paperwork to open a TDAMeritrade account and their account transfer form and send them $1000 and ask them to request transfer (ACATS) or DTC 50 million shares of PIHN to the new account. Don't mention anything. Don't talk to anybody, just send in the forms. Sure as hell don't mention the pricing structure that your current broker is taking on the trades. You may not have to send them the 1000, but this will insure the account gets opened timely fashion and you aren't put on some second class citizen work order list.
It may just work, It may not. But It wont really cost you anything to try except the 50 million in limbo anyway.
If it does work, transfer your entire account in a second transfer; or if you are scared of a run and having shares in limbo transfer in quarters or something.
TDAmeritrade has always treated me well and I can buy and sell pihn right now for 10 bucks.
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