I completed the TDA survey and here was their resp
Post# of 36566
(Total Views: 228)
Posted On: 12/12/2018 3:49:15 PM
I completed the TDA survey and here was their response:
Your recent survey regarding share delivery from a corporate action of Generex Biotechnology Corp. (GNBT) was routed to my office for review. I apologize for any frustrations you may have experienced. When a security undergoes a corporate action, such as a name or CUSIP change and/or a forward or reverse split, we receive the new shares from the delivering agent. Per the Depository Trust Company Corporation, GNBT went through a forward split at a 20:1 rate. The new shares of GNBT were delivered to TD Ameritrade on 12/05/2018 at approximately 9:26 a.m. Central Time. The new shares were posted to your account the same day at approximately 10:25 a.m., Central Time.
TD Ameritrade does not have an obligation to allow you to trade your anticipated shares before they are delivered. Shares were posted on the date they were delivered to the firm; therefore, there was no error made by this firm and we would not be responsible for any perceived losses.
We value your business and hope you understand our position in this matter. Please let me know if you have any additional questions.
(so according to the DTCC, it was a forward split NOT A DIVIDEND)
Also, everything that TC said would happen, did happen, he was correct about the whole transaction.
Your recent survey regarding share delivery from a corporate action of Generex Biotechnology Corp. (GNBT) was routed to my office for review. I apologize for any frustrations you may have experienced. When a security undergoes a corporate action, such as a name or CUSIP change and/or a forward or reverse split, we receive the new shares from the delivering agent. Per the Depository Trust Company Corporation, GNBT went through a forward split at a 20:1 rate. The new shares of GNBT were delivered to TD Ameritrade on 12/05/2018 at approximately 9:26 a.m. Central Time. The new shares were posted to your account the same day at approximately 10:25 a.m., Central Time.
TD Ameritrade does not have an obligation to allow you to trade your anticipated shares before they are delivered. Shares were posted on the date they were delivered to the firm; therefore, there was no error made by this firm and we would not be responsible for any perceived losses.
We value your business and hope you understand our position in this matter. Please let me know if you have any additional questions.
(so according to the DTCC, it was a forward split NOT A DIVIDEND)
Also, everything that TC said would happen, did happen, he was correct about the whole transaction.
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