Dear $KALO investors:
Something is about to happen, and whether it is beneficent or maleficent, I have no idea. However, my GTC $KALO order for .25 and my spouse's GTC for .15 were both cancelled.
See the following message I received in my/our accounts. I would love some thoughts.
Account number ending in: ####
We are writing with important information about your account shown above, which currently has open "Good for 60 Days" orders--also known as "Good Till Canceled" (GTC) orders.
Effective Friday, February 19th, 2016, if a corporate action requires us to adjust your existing open GTC order, we may elect to cancel rather than adjust the order prior to the required time for adjustment. For example, if a security pays a dividend in Canadian dollars that would require a currency conversion and corresponding price adjustment to the order, that order may be canceled rather than adjusted.
If we so elect, the affected open orders will be canceled after market close on the day prior to the "Ex-Date," and you will be notified via Smart Alert that your order has been canceled.
In the absence of a corporate action requiring an adjustment, or if we elect to adjust your order in accordance with any such corporate action, these orders will continue to remain open for 60 calendar days from the date on which the order was placed or until the order is fully executed or canceled by you.
If you have questions, call us anytime at 1-800-ETRADE-1 (1-800-387-2331). From outside the U.S., call +1 678 624 6210. You can also send us a secure message through the Customer Service link at the top of etrade.com.
As always, it is our privilege to serve you.
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