GREY:IMVIF - Post by User
Comment by
antisenseon May 15, 2018 8:05am
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Post# 28031074
RE:RE:Share ratio
RE:RE:Share ratioAll retail investors are still hasving this issue. When i talked to a broker at TD Waterhouse he said the issue is related to the fact that IMV did a share consolidation AND name change. So the old existing shares get thrown out and we get issued NEW shares at 3.2 times less ratio. So the broker said they had not yet "received" the new shares from the company. So this may be IMV's fault. Not sure whats goign on but i was told 24-48 hours to resolve it.
I think the issue also stems from the fractionation of shares and how they have not decided what to do with fraction shares. I mean why the F did they pick a fraction 3.2 to divide3 by??? Why not just do a times 3 consolidation or other whole integer? Did they really need that 0.2?? Kind of a sh#t show if you ask me....
NSFISHER wrote: Ditto. Talked with our brokerage company yesterday. Was told 24-48 hrs before the adjustment will appear on accts. Current balances will also be adjusted for the that time. Mentioned that if we wanted to sell shares, we could call them, do the transaction, and they would adjust that with the new shares once the consolidation is applied to the account.