Replies to post #3944 on Solar Energy Initiatives Inc (SNRY)

[Snizzle]

Sorry bucks, it's something there is no way of knowing about if you live in Ohio!! Those of us in Tampa have only heard about it once!!LOL

Go SNRY!!

[Matty Fresh]

Response from Etrade regarding selling shares post R/S Jan 31st:

Message Sent:
I have shares of SNRY an OTCQB stock. They are scheduled for a 1:100 reverse split on 1/31/2012. Will I be able to sell/trade them on that day or will I need to wait 20 days? Also if i have limit orders placed to sell SNRY for certain prices will they be adjusted to the price automatically following the Reverse Split or will i have to manual adjust that myself? Thank you and I look forward to your response.


Etrade Reply:
Dear XXXX,

Thank you for your message regarding the SNRY position in your Complete Investment account XXXX-XXXX. I understand your concern on this matter.

I cannot confirm any reorganizations with respect to SNRY as of this time. A reverse stock split is a stock split which reduces the number of outstanding shares and increases the per-share price proportionately. You may refer to the Investor Relations of the issuing company for more information.

In addition, if you wish to sell shares on the day of the reverse stock split, you may need to speak with our Corporate Actions representatives so that they can place the sell order for you. If you will try to place the order online, you will get an error message saying that you need to contact our Customer Service. If in case you have an open sell order for the said stock, it will be cancelled automatically.

Please feel free to send us a secure message for further inquiries and clarifications. Alternatively, you may call our customer service number at 1-800-ETRADE-1 (1-800-387-2331).

Sincerely,

Pia Angela Rada
11:00 PM - 8:00 AM EST (Sun-Thu)
1-800-ETRADE-1 (1-800-387-2331)
Financial Service Representative II
E*TRADE Securities, LLC