Replies to post #95095 on Day Tradexchange Inc. (SYNJ)

[Stock]

...Since these shares cannot be held electronically at the depository, the company has to deliver physical certificates. This is one of the major reasons for the delay. Delivering certificates takes longer, but one would think the shares would have arrived by now...

they pulled back the curtain for you a little there, you think?

first time I have seen that in an email...

[Doofenshmirtz Evil Inc]

Did you tell them you had the tracking number for the certificates that were supposedly delivered.

[trader guy]

That is somewhat the same reply I received most recently.

Thank you for your inquiry. Whenever a company distributes a dividend in cash or shares, accounts are credited when the depository (DTC) allocates the proceeds to our clearing firm (TDAmeritrade Clearing). Allocation is typically done once DTC receives the proceeds from the company. Regarding the SYNJ distribution, DTC has not yet received the shares. At this time, we do not have an expected pay date, but this is a known issue, and DTC is actively monitoring the situation. Feel free to check with us periodically for updates or if you have any additional questions.

Sincerely,

Derek Whitehill
Apex Reorganization and Safekeeping, TD AMERITRADE
Division of TD AMERITRADE, Inc.