RE:RE:RE:RE:yet another day passesLooks like the delay is due to the company not depositing the post-RS shares to DTC. Is there some strategic reason they would do this? Keep people from dumping maybe?
WatchLearnEarn wrote: Thank you for your email. Yes; I can confirm that AUGUSTA INDUSTRIES INCC has performed reverse split. When a security performs a reverse split, it requires us to remove the original position from our records and replace them with new shares we receive from the company. Accounts are then updated to the new side once the Depository Trust Company (DTC) receives the new shares. Regarding AUGUSTA INDUSTRIES INCC, unfortunately we do not have any indication as to when the company will be able to allocate the new shares to our depository. However, once we do receive the new shares, your account is updated the same day.