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Phoenix-Rising

06/19/09 9:25 AM

#1012 RE: J T #1011

I send them the stuff. The PR says it went through. My account says otherwise.


Peter L. Hauser, President of Entrx Corporation (Pink Sheets: ENTZ) (formerly ENTX and ENTQ) announced today that the trading symbol for Entrx Corporation has been changed to ENTZ effective 6/18/2009. The symbol, which is assigned by the Financial Industry Regulatory Authority (FINRA), originally had been changed from ENTX to ENTQ following the 1 for 500 Reverse split and immediate subsequent 500 for 1 forward split, approved by shareholders on 5/4/2009, resulting in approximately 310,000 fewer outstanding shares and approximately 900 remaining shareholders. Shares of shareholders owning less than 500 were redeemed at $0.35 per share. Shareholders owning 500 or more shares retained the same number of shares held prior to the effective date. Furthermore, a new CUSIP#, 293850 20 2, was assigned to Entrx's common shares. The initially assigned symbol, ENTQ, resulted in some confusion since a symbol ending in "Q" often designates that the securities of the issuer is in bankruptcy. At our request to alleviate such confusion, and to clearly state that Entrx Corporation is not bankruptcy, we requested FINRA assign a different symbol, which was done effective 6/18/2009. The new trading symbol for Entrx Corporation's common shares is ENTZ and the shares are quoted in the Pink Sheets.

SOURCE: Entrx Corporation
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Phoenix-Rising

06/19/09 10:06 AM

#1013 RE: J T #1011

Im not sure I even know how to respond to this ignorance unless they goofed the whole thing up... putting in the fractional part after the F/S wording on otcbb.com?


Because you had less than 500 shares, yo did not receive any new shares in the 500 for 1 reverse split.

XXX does not hold fractional shares of stock in our accounts. All clients will receive cash-in-lieu payments whenever a corporate action results in a fractional share being received. Cash-in-lieu payments are generally credited to client accounts within three to five business days from the date of the original corporate action.
Please let us know if you have further questions.


Original message
Im writing in concern to a recent transaction of ENTX. On 6/15/2009 ENTX completed a 1-500 R/S immediately followed by a 500-1 F/S; Cashing out fractional shares at 0.35 per share. ** per
http://otcbb.com/asp/dividend.asp?sym_id=ENTX&dDate=6/15/2009&sDateType=ex_date

Im curious why my 499 shares were not cashed out as I had less then 500?