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I got a call from the broker, Adam, earlier.  Bad

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Post# of 4754
Posted On: 01/17/2014 5:28:52 PM
Posted By: Golden Retriever
I got a call from the broker, Adam, earlier.  Bad news, just what I did not want to hear, our certs were rejected.  Just as some here posted, no receipt list.  I guess I got egg on my face.  I was let down. The broker apologized and said he had been assured about CDFT, until this afternoon. I'm sure he would not have processed our accounts, and sent the certs off, if he had known in advance.  He suggested likely reasons for this outcome were the lack of volume and non reporting.  I clarified the reverse split and the limited amount of shares available to trade and the probability of a future filing/reporting.  He said that our certs, with a letter releasing them of authority, have already been sent Fed/Ex, to us.  So, we got two more accounts, although their is no money in them. Sorry, I tried.  I told Adam that I had had no intention of selling, until we got news that could support the PPS, without eroding it.  Now, I plan to hold the certs until at least April 25th.  This means 15% capitol gains, (365 days or more), instead of 39%, (short term), plus state tax with our current incomes added in.  Again, I was trying to be helpful and I admit that I was excited.  It will still be okay, we can wait. GLTA.


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