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Saturday, February 04, 2006 2:58:45 PM
Varok wrote:
Good Afternoon,
It's not a question of refusal,but the fact that FCDH before the name change was NSS to the hilt like many pennies..IMO
What became confusing and rightfully so to the DTC was when the symbol change to BKMP happened..This turn of events put pressure on the DTC to balance for the correct issue of numbers to ratio of shares on divvy based on FCDH not BKMP..This could not have happened on the new symbol change,but the accurate count had to come from FCDH where the original divvy transpired from.
What is now happening is an effort to cover all NSS on FDCH to balance for correct issuance of divvy..
When Sandy announced a divvy based on 1 for every 6 of FCDH and then the symbol change to BKMP the DTC knew that there were so many millions of shares NSS,but very well could not based on distribution allow the going forward until they balanced or covered to make the transfer smooth or accurate.
Straightforward without balancing or correcting the NSS situation many would be getting Virtual shares of the divvy distribution and the eventual outcome would create total nightmare scenario that would probably issue well above the authorized allotment of the new company..
It isn't Sandy's fault or your broker,but the direction of the fault lies within the DTC..
No the screw-up is this NSS and the need to cover so the actual numbers can be balanced out..
Just my opinion.
Have a good day
Varok
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