Silver Bull Resources Inc SVBL

Arras shares now showing in accounts

[Heywood_Silvers]

Arras shares, which had already been showing in my TDA account since last month, have now populated in my Schwab accout also.  Anyone stateside should by now have their shares.

Who knows how long it will take to develop an actual trading market for the Arras shares, especially in the U.S. since it would be trading on the OTC.  Oh, by the way, new rules recently adopted by many brokerages will only allow buying and selling of OTC stocks if they are OTC Pink or higher.  Arras, since it will be a newbie, will likely debut in the OTC grey market, which means you would only be able to sell, not buy.  So, you can kinda guess which direction the volume pressure will be on once this debuts.

I don't think we'll get much value for these shares, at least not for quite some time.  Still think it was a mistake to spin off the Arras shares.  What will SVBL have to fall back on once South 32 buys out the remaining 30% of Sierra Mojada?  Ol' Mr. Barry didn't think about that did he?  Which is why, of course, I withheld my shares when it came time to vote for him in the recent BoD elections.

[LondonInvest]

Shares still not showing up in E-Trade accounts.

[Heywood_Silvers]

No worries, Arras isn't anywhere close to beginning to actually trade on an exchange and even if it does no guarantees for U.S. based investors if or when the shares will start trading on the OTC.  This is the epitome of "dead money" if I ever saw it for those who bought SVBL near a dollar to obtain these spinoff shares. On a brigher note, I did see a press release today that

[CountOfMeltedCrisco]

I wrote E*Trade about it, and this was the reply I received :  E*TRADE: (12/31/2021 05:28 PM) (Ref No.: 9895837) Dear Mr. xxxxxxx, This message is regarding a spinoff shares from ticker symbol SVBL. After reviewing your account I do see that SVBL reported a spinoff. This spinoff is not being processed by DTC. This means that the company is using an alternative process to

[Heywood_Silvers]

You need to contact your broker and advise them that the CUSIP for Arras Minerals is: 04271V105 Maybe then they can track down your missing shares. Who knows when Arras will ever develop a market and be donned with a ticker symbol.  My bet would be sometime before 2023??