Look, there is an apparent disconnect between what I am hearing from my Corp Action teams (E*Trade and Fidelity), the transfer agent and finally the company.
Corp Actions says there is a restructuring (old PROT for new Stromacell) and a "dividend" new BVI shares. They say that holders of old PROT Certs will get Stromacell (we already knew this) at the time of restructuring. However, the BVI shares will be based off the 'Ex-Date' and the 'Date of Recrod' is meaningless. This is where the problem lies since Mgmt did not say when the Ex-Date was.
Transfer Agent is not clear on timing and waiting to get definitive instruction from the Company
Finally the Company's stance as per the PR is that holders as of the date of record that they said (Jan 18th) will receive the new BVI shares but I am not sure that brokerage houses can make that happen if the shares aren't there anymore (ie in your account) and an 'Ex Date' was never set.
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