Replies to post #5163 on Montague International Holding (MIHL)

[Loyalhound]

Getmo,

I'm not disputing your take on the "D" and the prevention of shorting. I'm only saying that an agent intervenes and the parties on the other side decide when to post the shares. Granted, we'll get 1 from 500 out of the deal, but if the stock drops during that time, we go from the toilet to the sewer.

I once saw a stock of mine R/S, and after the point of split the thing shot up, at which point my shares would have gone from loser to break even. But I couldn't trade what wasn't released by the agent, so when my shares were finally posted, the stock had dropped at terminal velocity.

The broker does nothing till the shares are released, so in a situation like this with four parties involved (broker, company, agent, trader), the trader has no friends. At least that's my experience. Anyone have corrective input for me? I'm listening. Hopeful, but not terribly optimistic.

[dmlabuda]

I did not see that at the SEC web site. https://listingcenter.nasdaqomx.com/Show_Doc.aspx?File=FAQsGeneral.html Here is what I did see:

Symbols for NASDAQ- listed companies have one to five alpha characters. What does the suffix character on a symbol mean?

Suffix D: New - Frequently, the "D" is added to indicate a stock split or some type of reorganization. In that case, it may remain for approximately 20 trading days before it is removed.

The suffix character, "D", will be appended to the issue symbol for 20 trading days to reflect the reverse split. (Updated: September 2, 2011)

https://listingcenter.nasdaqomx.com/assets/RegRequirements.pdf

A reverse stock split will generally result in the company’s trading symbol being appended with the character, “D”, for 20 trading days to reflect the new issue. If the reverse stock split results in a 5% or greater change in the Total Shares
Outstanding, the company must also complete the Notification: Change in Total Shares Outstanding.