posted
here is some interesting emails and commentary regarding the divy. These email are from ameritrade:
Dear Tarq3:
Thank you for contacting us today concerning UNQT.
Since UNQT issued a restricted stock dividend, it would not go through DTC. Ameritrade anticipates receiving a certificate for the restricted shares. Once received, the shares would post to your account and Ameritrade holds onto the certificate for safekeeping.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Joy Busse Apex Reorganization and Safekeeping, Ameritrade Division of Ameritrade, Inc.
My responce: Ok so now i am really lost.The PR says that the shares will be mailed to the directley to the shareholders on July 8th. So here is my confusion, as of now you have not received shares but yet i show shares in my account. Then the PR states shares are to be mailed directley to the shareholders but you say you are going to receive the shares. So here are my question:
Why would you say you are going to receive my shares if they are to be mailed to me per company PR?
Why would their be shares posted in my account if they are to be mailed to me?
Why would there be shares in my account if you say you all had not received the certs?
Where did these shares in my acount come from?
Regards
There Responce: Dear Tarq3:
Thank you for contacting us today regarding the spinoff of UQNT restricted stock. The shares are anticipated to be delivered to Ameritrade.
Shares held at Ameritrade are held electronically, and registered in "Street Name". As such, Ameritrade will show on the transfer agents records as the recipient of the spin-off shares for our clients. The press release is written by the company and is directed to shareholders who hold their shares in "Beneficial Owner" name, or certificate form. Those shareholders will receive certificates in the mail. You will receive your shares into your Ameritrade account, once the certificates have been received.
Please contact the company for more information. Contact information can typically be found online under the "Quotes and Research" page using the Profile link, or, on our new website under the "Research" menu by selecting "Market Summary", then using the Profile link.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Jason Becker Apex Reorganization and Safekeeping, Ameritrade Division of Ameritrade, Inc.
My Responce: Thankyou for the speedy responce. It's funny as just as the msg went out i thought about he street name bit. So that question is answered. But here is one last one that i don't beleive the company could answer as this deals with my account. If you all have not received the shares from the company how can you all post them to my account and also were did the shares posted in my account come from?
Thanks
There Responce: Dear Tarq3:
Thank you for contacting us today regarding your account.
Once Ameritrade receives the paper certificate for the restricted spin off shares, your account will then have the shares posted.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Joy Busse Apex Reorganization and Safekeeping, Ameritrade Division of Ameritrade, Inc.
My responce: Ok per my account it is currentley listed as of now as " UNION EQUITY INC PFD PROPS REAL ESTATE RESTRICT" ***,*** shares. So that is what is currentley in my account. So my question is if you all had not receveid the shares from the company or transfer agent then what is this in my account and where did it come from??
Thanks
There Responce Mind you all the previous responces came in a matter of minutes this one came hours laters:
Dear Tarq3:
I have checked with our clearing firm. The restricted shares have been posted in good faith that the certificate will be mailed due to the size of the dividend.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Joy Busse Apex Reorganization and Safekeeping, Ameritrade Division of Ameritrade, Inc.
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I received a divi for all shares purchased June 28th and earlier. The shares I purchased on June 29th did not get the divi. I guess because of the 3 day clearing rule.
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just like stocks like ican who have forward looking plans this stock only suffered lately because of the divy nonsense==with that many shares being retired this will eventually make its climb==i feel very strongly about holding companies at these prices because of the ensuing fight with the naked shorting in the market==eventually it is going to have to subside and when it does your going to be right next to astronauts in the shuttle on your way to the moon!!!
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This gonna be a very long term investment. Now we all have our(second) div, I can ask: Everybody Happy???? .............. Ehmmm.... Nobody. 2 months ago, i felt this is going to be a big Pamela. For now I feel I'm fooling around in a big bubble. In another PR they were talking of a fullly reporting company and intended to move to OTCBB. With this pps this is never going to happen. So a 1 for 10000 R/S is maybe the future, cause the float is tooooo big.
And if if will run a little, Wauw, there gonna be a lot of selling pressure. Think this is today's reallity.
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Well look at it this way, the company is in the right place at the right time, with hurricanes brutilizing Florida, this company profits on cheaper homes and properties. It's kind of like another stock I like to buy in and out of CHB, buy in the 9's before the hurricane sell for 10.50+ during and after hehe, its consistent. Not a penny stock but if you want something safe, thats the place to be.
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howabout the the KLINGHOFFER==GOING TO BUY MORE ON WED OF NEXT WEEK==sorry, forgot to turn off caps lock==i hate when people do that
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also sitting tight with plni==this guy htinks its going back to 0085 before 025==dont see it, but this company is truly something to retire on
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