I called TDA earlier today. They are supposedly applying the shares tomorrow because they were waiting for the “due bill” shares before applying to anyone. I argued they should not be doing that since the shares from the company directly have nothing to do with that. Got nowhere. He did confirm that I would get 20 shares and then I will have 21 shares for each share I own. But they are still calling it a 20:1 forward split. I told them it is it because that would mean they are replacing each share with 20 shares and taking the 1 back. He was confused. I’m also hearing people are getting charged a reorg fee from them and it is not a reorg.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.