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Wednesday, April 03, 2013 4:48:01 PM
Thank you for your inquiry. Whenever a security performs a reverse split or exchange into new shares, it requires us to remove the original position from our records and replace them with new shares we receive from the company. Accounts are then updated to the new side once the Depository Trust Company (DTC) receives the new shares. At this time, DTC is still working to receive the FITXD shares, but hopefully they arrive soon. These kind of exchanges are typically complete within the first couple of weeks, but can sometimes take longer for non-US based companies or OTC listed securities as the depository has to verify the validity of the shares before accepting an electronic transfer. Your account will be updated once DTC has the shares, but no specific date is being provided right now. Please contact us again if you have any additional questions.
So, I guess that all us longs are held hostage for a while.........hopefully Stockholm Syndrome won't set in cause I'm not a fan of Chaaban right now.
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