InvestorsHub Logo

specutator

08/22/13 2:43 PM

#42780 RE: genlou #42779

The restructuring fee imposed by brokers with a R/S of HNSS is a rip-off. They all carry the shares in one account, the brokers account, and then charge the individual beneficial holders (customers) for the cost of having their (broker's) shares replaced.

I could understand the fee if I held the certificate, but not when I only have a credit entry in my account.

Brokers make a lot of money every time a R/S or F/S happens.

Olanda

08/22/13 3:08 PM

#42781 RE: genlou #42779

I'm not a pessimist but if it's moving in the right direction with HNSS.... why everything isn't going smoothly

ASimEE

08/22/13 4:59 PM

#42785 RE: genlou #42779

Your comment makes no sense at all. The shares post-RS are worth the same as the shares you had pre-RS. In fact, at .45 per share (today's closing price), your POST-split shares are worth 3 times MORE than when the shares were sitting at .0001 for months on end pre-split.

The only way your shares aren't actually worth the $20 charge from your brokerage is if you hold less than 45 shares of HNSSD (which would equate to about 67,000 shares pre-split).

So... how many shares of HNSSD do you consider "worthless"?