The transfer agent has nothing to do with this. By this I mean that they are a third party who will do what they are told when they are told as they are told. They can't tell you what's going on as of today because they haven't heard from the Co. so that they are not legally allowed to confirm or deny that the spin-off has occurred-YET. They are protecting themselves and being legally correct.
You may ask why wouldn't they know anything about this yet? Well, the company is not obligated to tell them anything.
From what I have heard from my brokers and corporate actions office as of last week, there were no public filings on behalf of the new Co. to trade on the GXG; in other words there was no ticker listed on the GXG-YET. This may have changed over the past few days. IDK! This implies that there is no officially listed shares on the GXG for the transfer agent to distribute to those who are entitled. Nothing in the books-YET.
The company hasn't come out with any announcement because there MAY be a lot of paper work and process to go through before it is officially listed on the GXG. Or they may have other reasons.
The best answer to all the questions we have is TIME. If anything, they are buying time for whatever reason. Maybe they don't want the stock to get killed, if they officially announce that claimants will get the spin-off, which would imply it's safe to sell. It's one way to support price, why not? Coming out with such PR is a hidden negative for this stock. I think they know that-maybe. Maybe they don't wanna say that they failed to get things done on time and appear incompetent. There are a lot of potential explanations...Ultimately what do I know? Only that I don't know anything.
