RE:RE:RE:RE:SubscriptionIm inclined to agree with the sentiment, 49er and Golden. I got a package today, but I didnt wait for it. I got a call last night and the woman who called emailed me the PDF package. The PDF has an editable form that you fill out and it does the calculations for you. She also set up a phone-back time for this morning to arrange a conference call with my brokerage house.
I spent at least an hour on the phone. It was a guy this time from Kingsdale who followed up and he seemed to know what he was talking about. He could answer questions the woman the night before couldnt. However, my broker didnt have clue. A good portion of the time was spent just getting them to listen to what we were saying instead of just running off with what they THOUGHT we were saying. The first guy at the brokerage couldnt do much so I pressed to get through to someone who could, so he got a trader on the line.
After some effort, the trader finally listened enough to get a clue. So here is how it went from there. I came to understand about the medallion business, which the broker has to stamp and fill out page 8 of the green form. So I filled out all my parts of the form and faxed it to her with an email outlining exactly what I needed, that is, fill out page 8, medallion-ize it, and deliver it to Kingsdale by Oct. 4.
Then, the money part. Since we just recently learned (as of Friday, I think) about the extra 50 percent, I hadnt arranged for enough funds for the transaction (my subscription amount plus 50 percent), so I sold enough shares to cover the balance (at a minor but palpable loss of $300). I then called the broker again to find out how to get a cheque certified in US funds. Turns out this guy has to set up a foreign exchange account, convert my Canadian dollars to US, and deposit the converted funds to the shiny new FX account. The funds should be good to go tomorrow. I then go to my local bank branch (the bank owns my brokerage) and they cut the certified cheque. I will then get it in the mail as fast as I can to Kingsdale.
Kingsdale then matches the forms when they get there with the cheque when it gets there. Or if as this is the most sketchy process Ive ever done in my many decades of life and I have little confidence in both my brokers sense of urgency and Canada Post.
So here is the thing. I too have four accounts and my Kingsdale contact said one form covered them all. So now I am worried, 49er, that we are getting conflicting stories. Theoretically, one form certifying all the shares for the four accounts in total should be good enough. But given all the skullduggery that has gone on to date, I am wondering too if this is all not just incompetence but of more sinister intent
Effbee (any all you others fed up, which I fully understandbeen in this since fall 1996), I advise you to pony up for the CVR because the $6.5 mil funding to be done by Nov. 30 will dilute us further. Our 14.1 percent is divided between only 60-some million shares, which means your CVR portion will outshine your share value by 1.43 times if we get a payout. Of course, if we dont get an award, we are busted. But if you dont, I kicked in an extra 50 percent, so Ill take my cut of anything you leave on the table. ;)