Posted On: 11/18/2015 3:31:40 PM
Post# of 11039
Re: caseyryan1986 #6598
ETrade got skewered like a pig with the divi, even worse than COR.
COR dumped during the special divi operation, but ETrade dumped unregistered and unauthorized shares. Janice is not going to like it but that's Naked Short Selling in the OTC. The pending divi amount may be even bigger than what COR paid.
Not only that, if another divi is declared, they'll be pending another payment. And that's not the worst thing, imagine if a buyout is executed. Multiply their current problems by 25!!!
Fortunately I don't have an account with ETrade but I recommend reporting the situation ASAP, also a share count.
COR dumped during the special divi operation, but ETrade dumped unregistered and unauthorized shares. Janice is not going to like it but that's Naked Short Selling in the OTC. The pending divi amount may be even bigger than what COR paid.
Not only that, if another divi is declared, they'll be pending another payment. And that's not the worst thing, imagine if a buyout is executed. Multiply their current problems by 25!!!
Fortunately I don't have an account with ETrade but I recommend reporting the situation ASAP, also a share count.
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IMHO
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
