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Re: Opti Mist post# 633

Wednesday, 10/17/2012 9:30:02 PM

Wednesday, October 17, 2012 9:30:02 PM

Post# of 714
Just talked to etrade. They said that they didn't really see where it was a mandatory tender as of now- at least the guy I spoke with said. He said most of the time when the stock ceases trading the sale is mandatory and your funds are deposited around 4-6 weeks later. He said that if you tender it usually takes around the same 4-6 weeks for the sales to go through but he has seen them go within a few days to just a couple weeks.

I'm weighing my options- still have never heard back from any of the 3 law firms I contacted- I guess my small share count of 1600 wasn't worth thur time to call or even email me back. I'd like the extra $160 but would enjoy the funds it would return to my account if I sold out now at 3.05-3.07 range. I've gotten bad at having all my funds tied up and then wiring money in to be able to get in other stocks when I see fit. (Don't have a margin account)

Right now it's a toss up for me. I know that didn't help much but hope things work out the best for you and everyone else.