Posted On: 09/21/2015 12:14:13 PM
Post# of 11039
I gave my scottrade broker a call and he gave me two different ways to look at it.
1. The company may have meant all legal aspects of merger are completed and now the shareholder transaction is still in the works. However since the previous PR stated the merger transaction was complete, so that logic doesn't exactly add up.
2. The company has not completed the merger in the way they said they have because the dtc would've contacted the brokerages regarding the terms of the merger, which they have not done. In this case the company's statement wouldn't be 100% factual.
We've all been through a lot with this ticker and with this new development in the story the safest mindset to have at this point is to be very cautious in adding more to your position, hold what you have, hope for the best but expect the worst.
1. The company may have meant all legal aspects of merger are completed and now the shareholder transaction is still in the works. However since the previous PR stated the merger transaction was complete, so that logic doesn't exactly add up.
2. The company has not completed the merger in the way they said they have because the dtc would've contacted the brokerages regarding the terms of the merger, which they have not done. In this case the company's statement wouldn't be 100% factual.
We've all been through a lot with this ticker and with this new development in the story the safest mindset to have at this point is to be very cautious in adding more to your position, hold what you have, hope for the best but expect the worst.
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