Schwab accepts the transfer of penny stocks (at least they did for me when I transferred all of my holdings that were previously in an account at another broker).
Or possibly as another poster just suggested, IB (Interactive Brokers) - maybe they would take them. I did not realize the difficulty involved in transferring these shares.
No one should even consider transfering shares from one broker to another right now. I can tell you Etrade screwed up my account 5 years ago and it took more than 12 days and not all the shares where transfered. I think it ended up being about 6 weeks. My opinion dont do it until after this BK is all done with.
Here is an outline of what I discussed with OptionsXpress:
Ricardo: I'm here to help. Luis: Yes, I own shares of WAMUQ and they recently announced that voting ballots would be sent out and that I MUST VOTE. Here is a link to an article written by the attorneys: http://finance.yahoo.com/news/Equity-Committee-Provides-prnews-3530877012.html?x=0 Luis: Has OptionsXpress heard anything regarding this? Ricardo: Please give me a few minutes while I check on that. Luis: Ok, thanks. Ricardo: I'm still checking on this for you Luis: Sounds good. Can you also find out if I am able to vote online via your website or something similar? Ricardo: Absolutely! Luis: Great. Ricardo: I thank you for your patience Ricardo: Our operations department couldn't find any details on this Ricardo: however, as soon as they become available they should be updated in Shareholder services Ricardo: from the Account tab, select Positions and click on Share holder services tab. Luis: So I should look at that area everyday and wait for information? Luis: Will I be able to vote online? Ricardo: We are currently working with Inveshare to get information/ballots to customers, however this is not something we normally do for bankruptcies. Ricardo: If they become available, yex Ricardo: yes* Luis: There is a deadline that will be soon approaching for the ballot to be sent in. Are there other options to obtain this ballot if it does NOT appear in the Shareholder Services? Ricardo: May I assist you with anything further? Ricardo: I can certainly check for you Luis: Please. Ricardo: I thank you for your patience Ricardo: The deadline is Feb 9 and we are looking into this now Ricardo: but since its bankruptcy issues, we do not handle bankruptcies so it has been a little more difficult. But we are trying to get the ballots Ricardo: you can also check the companies site and request a ballot from them Ricardo: and get the control number, then you can vote on www.votemyballot.com Luis: If you do obtain the ballots, will they be sent to me via e-mail or physical mail? Ricardo: They will be available from your account online under Shareholder services Luis: Ok, great. Thank you for your time. Ricardo: You're certainly welcome!
END OF OPTIONSXPRESS
So I e-mailed David Sharp with KCCLLC. This is his response:
Attached are the Class 22 ballots you requested along with ancillary materials regarding Washington Mutual. Also attached below are links to the Disclosure Statement and Joint Plan, Confirmation Hearing Notice and Disclosure Statement Order. Disclosure Statement for the Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code Notice of (I) Approval of Disclosure Statement; (II) Hearing on Confirmation of the Plan; (III) Establishment of a Voting and Election Record Date and Deadline; (IV) Procedures and Deadline for Voting on and Making Elections with Respect to the Plan; (V) Procedures for Objecting to Confirmation of the Plan; and (VI) Certain Other Information
Order (I) Approving the Proposed Disclosure Statement and the Form and Manner of the Notice of the Proposed Disclosure Statement Hearing, (II) Establishing Solicitation and Voting Procedures, (III) Scheduling A Confirmation Hearing, and (IV) Establishing Notice and Objection Procedures for Confirmation of the Debtors' Seventh Amended Plan
**IMPORTANT** -- If your securities are held at a bank/broker nominee, your ballot/election form must be delivered to your nominee in time to be processed in advance of the voting and election deadline(s). DO NOT RETURN YOUR BALLOT/ELECTION FORM DIRECTLY TO KCC. Your nominee MUST process your voting/election instructions in order for your vote/elections to be counted.
If your voting nominee has any questions about the voting /election procedures, please have them contact Kurtzman Carson Consultants at 917.281.4800, or via email at KCC_GSGSC@kccllc.com.
Best regards,
David
David M. Sharp Director, Global Securities Kurtzman Carson Consultants LLC 599 Lexington Ave, 39th Fl New York, NY 10022
End of response.
He provided me the necessary documents/ballots to vote. Now I'm going to contact OptionsXpress and request address of where to send the ballots.
OptionsXpress mentioned the availability of voting online (view converstation above), but I read in the docs provided that the ballots must be mailed in.
Keep me posted on any updates you have with OptionsXpress and I'll do the same.
News 
Market Data 
Discover 
