| Followers | 16 |
| Posts | 934 |
| Boards Moderated | 0 |
| Alias Born | 02/08/2012 |
Wednesday, August 29, 2012 12:50:51 PM
I agree it should be that simple, however, this is a Michael Black company and according to the PR from May 22nd: "Regarding the Special Distribution of InternetArray's (PINKSHEETS: INAR) common stock being distributed by May 31, 2012, shareholders should be aware that selling record-date stock prior to receiving the Distribution shares could result in the Distribution shares being forwarded to the acquiring brokerage account."
I'm just trying to eliminate the possibilities here. So we have 2 guys (edit: make that 3 guys so far) here both with Fidelity and neither has received their shares so the problem seems to lie with Fidelity. I would suggest beginning to climb the food chain at Fidelity and doing so sooner rather then later because everyday you wait it becomes less likely you will receive your dividend. Team up if you feel comfortable doing so because there's strength in numbers. Be polite, yet firm. Keeping "leaving Fidelity and telling all your friends" and suing for the value of the stock, as options in your back pocket.
Just be sure you have all your ducks in a row, all your "T's" crossed, and all your "i's" dotted beforehand. As legal custodian of your shares Fidelity is legally obligated and responsible for getting dividends in your account. That's the whole point of holding them in a street name and why you are paying them commissions everytime you trade. Hope this helps. Keep us all posted as to how it's working out. Good luck.
I'm just trying to eliminate the possibilities here. So we have 2 guys (edit: make that 3 guys so far) here both with Fidelity and neither has received their shares so the problem seems to lie with Fidelity. I would suggest beginning to climb the food chain at Fidelity and doing so sooner rather then later because everyday you wait it becomes less likely you will receive your dividend. Team up if you feel comfortable doing so because there's strength in numbers. Be polite, yet firm. Keeping "leaving Fidelity and telling all your friends" and suing for the value of the stock, as options in your back pocket.
Just be sure you have all your ducks in a row, all your "T's" crossed, and all your "i's" dotted beforehand. As legal custodian of your shares Fidelity is legally obligated and responsible for getting dividends in your account. That's the whole point of holding them in a street name and why you are paying them commissions everytime you trade. Hope this helps. Keep us all posted as to how it's working out. Good luck.
"If I could see the future, I would already be a rich man."
-- Mistercellphoneman
