He called me back & gave me some additional info.
First, he said that he did find out that the shares MAY be tradable by calling in an order, but there is no way to do it online. He also said that since BKMPP is closed to buys or TOA's, there is no way to even know without trying, and he said he had no idea when it may end up happening.
Next, he said that he also found this time that their "corporate counsel" has been looking into this issue for a while now. In his words, "the Street as a whole" has no idea what to make of this since nobody has ever seen it before
We spent some time talking in general, with me explaining that some think the high number of shares were a "poison pill," others think it was to expose the MM's illegal naked shorting that they get away with regarding so many others pinks, etc.
I also explained a little about BKMP, and why many of us are holding this to see what happens with TFN getting outside Canada. I told him that many of us are not treating this like a typical pink sheet stock because of the potential & things like that.
He also mentioned (just conversation wise) that he would expect that an R/S almost has to be on the horizon since for them to have the real "institutional buyers" looking at them they would need to get to $10/share on a preferred stock like that. With billions of shares out there, there's no way it could get to that.
In the end, I said, well, basically I am gathering that the real reason that nothing is happening right now with it becoming tradable or showing correctly is because everyone has no idea of how to handle it, so it's sitting there while the decisions are made. He said yes, which is why their corporate counsel is looking into it.
I will say that his response was the best one I have heard or seen anywhere - A 10,000 to 1 dividend took everyone by such shock that nobody knows how to handle it & nobody wants to do anything with it until the check into it. Makes sense, and I would probably do the same thing myself.
It could also be a crock, and that's just the answer that the "higher ups" gave him to give me so they don't tell the truth about shorting.
The fact that he said all the shares are there was also a pretty good sign.
I know that companies don't like to tell their customers, "Well, we don't know," even when they don't - But sometimes that is the actual answer. It very well may be in this case.
I asked him if he has a way to setup an "alert" to come out to me when they end up knowing something, and he told me they don't have that capability - But he will not the account in great detail, and include the name & phone # of the person he talked to before he called me back so they can just go back to that person when I check into it again to see if they know any more.
So that's where I stand - Finally somewhat satisfied by an answer I got from Schwab. And by that I mean I'm not happy with what the answer was, but happy that I got what is quite possibly THE answer of why things are the way they are - for now anyway.
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