TDA paid for a 25000 share x205 cert and allowed the shareholder to keep his 25000 shares in his account.
what's odd about it? mr grabowski had to buy the cert with his own money first. tda then reimbursed him the purchase price. mr grabowski came away with a worthless cert in the end, nothing more. sir thomas is the only one that profited from the arbitration.
"On March 18, 2013, the Arbitrator ordered Claimant to purchase 25,000 shares of BCIT, including the Private Treaty Certificates, and also ordered Respondent to reimburse Claimant the entire purchase price and expenses related to the purchase."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.