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Re: None

Friday, 01/20/2012 12:16:54 PM

Friday, January 20, 2012 12:16:54 PM

Post# of 27969
Answer from Scottrade regarding trading SNRY:

--- Original Message ---
From: XXXXXX <XXXXXXX@gmail.com>
Received: 1/19/12 9:31:28 PM CST
To: Scottrade Customer Support <support@scottrade.com>
Subject: Scottrader Support

I have shares of SNRY an OTCQB stock. They are scheduled for a 1:100 reverse split on 1/31/2012. Will I be able to sell them on that day or will I need to wait 20 days?

Thank you.

--- Support Message ---
Reply Date: 1/20/2012 1:41:10 PM
Subject: RE: Scottrader Support

Dear XXXXXXXX:

I understand you would like to know if you will be able to sell stocks who are having a corporate action.

While a security is undergoing reorganization, it will not be available for online trading. Such corporate actions can include name changes, symbol changes, mergers and forward or reverse splits. During reorganization periods, you will be able to trade listed stocks or stock who trade at NYSE, NYSE ARCA, NYSE AMEX or NASDAQ through a broker by calling your local Scottrade team for trading assistance with the security in question.

Note: SNRY is a Bulletin Board Stock, so you will be able to trade this stocks before the security goes through the reorganization or corporate action process or once we posted the new shares in your Scottrade account.

We will post the new shares and/or cash to your account once payment has been received from the depository or agent.

Please let us know if we may be of further assistance.

We value your business at Scottrade.

Sincerely,

Leysa T.

National Service Center | Scottrade, Inc.

Phone: 1.800.619.SAVE (7283)

www.scottrade.com


Be careful, most people get burned by penny stocks.