InvestorsHub Logo
Followers 15
Posts 542
Boards Moderated 0
Alias Born 01/13/2006

Re: patentminer2013 post# 1064

Wednesday, 07/24/2013 2:07:50 PM

Wednesday, July 24, 2013 2:07:50 PM

Post# of 14775
Not to beat a dead horse, but here is another follow up...

Thank you for your inquiry. I can confirm that MARATHON PATENT GROUP INC (ticker MARA) has performed 1 for 13 reverse split effective 7/22/2013. When a security performs a reverse split, 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. Regarding MARA (now under temporary ticker MARAD), unfortunately we do not have any indication as to when the company will be able to allocate the new shares to our depository. DTC is currently working with the issuer and legal counsel of the company to make the new side DTC eligible so we can still hold there in electronic form. However, once we do receive the new shares, your account is updated the same day. Other brokerage houses may front the new shares to their clients, however, TD Ameritrade does not practice this as the risk is way too great. Please contact us again if you have any additional questions.

Sincerely,

Corporate Actions & Dividends Specialist
Division of TD Ameritrade Inc.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MARA News