That's what I heard others say too. That they get a different version from TD-Aturd everytime They contacted them. So Now we have got at least one version in a documented Email. Now the T/A and there attorneys have something to work with.
Here's Feket's Email of TD-Atuds Absurd official fee arrangement: Yes I call B.S. on TD-Aturd claims that $405 of these fees was for the T/A.
How come no other Broker charged these absurd IMO Made-UP Ransom FEEs. Also what was the other $250 EXPENSE for? How Absurd and Pathetic of Td-aturd to treat it's clients with such Obvious Abuse. I HOPE every client switches brokers. I did along time ago when They gave me the run around about Trading OTC Stocks. I found out they are not OTC friendly and do not like OTC Traders. TD-Aturd is a turd.
GCAN's T/A and there attorney now have a copy of Feket's Email as of Friday and we will all know the Out come and the Truth very soon! No other Broker charged these absurd IMO Made-Up Ransom Fees. So why did Td-Aturd?
Here's Feket's Email:
" am writing to follow up on your recent call concerning the sale of restricted GCAN stock. The fees we are charged from Pacific Stock are:
$200 per cleared certificate issued.
$85 cancellation per certificate.
$120 restriction removal per client.
This totals to $405. With the TD Ameritrade $250 expense this equals the $655 charge.
Researching this I found that GCAN settles in electronic form. What this means to you is, regardless of how many contra firms were involved in the purchase of your shares, there will be only the $655 fee each time we make a request of Pacific Stock to clear the restriction. That request is made at settlement for the trade. The reason for this is Pacific Stock will send us a single cleared certificate for the sold shares. Our Settlements Team will then electronically deliver the cleared shares to the respective buyer(s).
The information concerning the possibility of additional fees from the transfer agent is applicable if the security settles in physical form only. That turns out not to be the case here.
There is an additional fee charged by Pacific Stock for the issuance of a balance bulk certificate of $285 for the remaining restricted shares. The fee for the balance certificate is absorbed by TD Ameritrade.
I hope this addresses your concerns. Please remember you have until the close of trading on Tuesday try and clear additional restricted shares under the same fees you will be paying for today's sale.
Do not hesitate to contact us with any additional questions.
Sincerely,
Mark Cowan
Assistant Manager
Asset Clearing Services
TD Ameritrade Clearing"
$$$ $GCAN$$$$$
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