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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Post by mjh9413on Dec 20, 2012 11:02pm
331 Views
Post# 20759148

Delivery of shares and cash portion

Delivery of shares and cash portion

If the Court Decision is confirmed and a halt occurs before friday's open then no reason we should not see cash by 12/31. Total money is in escrow already...but since this is all beyond our domain why do we even write about it. H---, it takes up to two weeks NORMALLY to get new re-org shares in one's account and we cannot do anything about that even if we want to sell them!!!! 

On advice to brokers, you might want to consider wwhether you want the cash in USD or to remain as CAD if you hold the GWY in your USD account (bought from US Market in USD). If you want to remain as CAD you might want to tell broker as there is no consistency that i have found in how they might deal with it.

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