Danny, please email Sandy and let him know what Holladay said to you. This sounds like Holladay may have no idea what the heck they are doing. There is something just not right here.
One reason for NOT selling until the dividends come out
if you do... you may lose rights to the dividends... and it might just be a battle to reclaim those rights.
If you keep from selling... they will have to give you what is due based on the paper trail is unbroken....
I am adding to my stash... so it makes it more difficult for them to deny me... they are not going to give me any more than due on the rec date... but cannot give me any less either.
bigdanny. Your post makes no sense... No one except the broker knows who gets what shares. Standard procedure is that the TA knows (for example) that the broker holds a total of 52 million shares. 52 million shares are therefore sent to the broker and it is the brokers job to distribute the proper number of shares to each client. What you posted doesn't make sense from my understanding of how things work.
This basically confirms what bigdannyboy454 relayed per his phone conversation.
email body:
HOLLADAY ISSUED RESTRICTED SHARES TO DTC BY CORP RESOLUTION!!
DTC DOES NOT WANT THEM , SO THEY ARE SENDING US A LIST OF THEIR PARTICIPANTS TO DISTRIBUTE TO THE BROKERS!!
HAVE NOT RECEIVED AS YEY!!
The email was signed.
Note the caps and punctuation. I had requested clarification and received this email toward the end of the day. Perhaps there were more than a couple inquiries.