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rockie101

03/03/11 9:07 AM

#8340 RE: onfirestocks #8339

onfirestocks.....IT WILL TAKE WEEKS before you can trade this stock...this is just one way you get screwed on a R/S.
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nocpimping

03/03/11 10:57 AM

#8342 RE: onfirestocks #8339

This is what TDA told me....

XXXX XXXX,

Thank you for your inquiry. Whenever a security performs a reverse split or exchange into new shares, it requires us to remove the original position from our records and replace them with new shares we receive from the company. Accounts are then updated to the new side once the Depository Trust Company (DTC) receives the new shares. At this time, DTC is still waiting for the HSCOD shares, but they are expected to arrive fairly soon. These kind of name changes are typically complete within the first few days, but can sometimes take longer for non-US based companies or OTC listed securities. Your account will be updated once DTC has the shares. Please contact us again if you have any additional questions.

Sincerely,

Derek Whitehill
Apex Corporate Actions and Dividends, TDA
Division of TD Ameritrade, Inc.