Correct. As long as the old shares of SOLI shares are held in a brokerage account the transfer agent will send the brokerage firm to distribute into your account at the specified conversion rate.
Just called the transfer agent to check if there has been any movement. She stated as of today they began receiving instruction to issue the shares and it takes 24/48 hours for them to show. Shareholders will also receive a stock certificate to their address. She wasn’t able to tell me how many people they are issuing shares to but did inform me my name was not on the directions they received today. She stated they are sending them over in traunches and I can check back in a few days. She also stated the timeframe from the company provided makes sense with the time it will take to transfer all of the shares over. Below is the Transfer Agent I called to confirm.
Continental Stock Transfer & Trust 1 State Street, 30th Floor New York, NY 10004 Email: saqui@continentalstock.com Telephone: 212 845.3299
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