RE:RE:RE:RE:TD Adjustment to Tilray Shares I thought I had read we would receive cash for the fractional shares but could not find it in the book they sent us. Thanks for shedding light on what the amount in cash (referenced CIL in TD, which I believe means cash in lieu). I used it to calculate mine and it was right on. After reading your update, I went into the TD platform and saw they had updated the cash balance and the gain and loss tab under account details.
What I can't get clarity on, either from TD or Tilray, is what became of the unrealized gains on APHA. It is not reflected in the balances. When I spoke with two different licensed advisors, I got two different sets of information, with the last person telling me I would receive that when I sold TLRY .??? That did not sound reasonable and I contacted Tilray IR last Saturday but have had no response yet. Another family member deals with Scotiabank and she is waiting for them to update her average cost, which at this time is zero.
Overall this transaction has not been unrolled very well, as I see users on Reddit asking many and similar questions. One of the posters said that the true average cost can be calculated with this formula and I wonder if you see it the same way:
1.) Take your APHA book cost and divide it by the number of TLRY shares received. This will give you the new average cost.
Coincidentally, I also held 600 APHA shares in my TFSA at a cost of $8100.98. This cost divided by 502, gives me an average cost of $16.14.
2.) To calculate your unrealised gains, use the closing price of $19.65 on May 5 and multiply by #of shares you hold. Using this price and multiplying by 502, gives a value of $9.864.30. The unrealised gains would be the difference between these numbers, which is $1,763.32.
The TD trading platform does not reflect this under the Holdings tab in Account Details, because they are using the $19.40 cost pegged by the Tilray agreement. In Account Details under the Gain & Loss tab, it shows the transaction as a gain and when I calculate it, I come fairly close to what they show. I will contact them again now that I see this new information on their platform. Is it TD who has not done this correctly, or are these gains gone?
I and many others are confused about what happened to our previous APHA gains. What do you know or think about this? (Thanks for your formula for the fractional share cash)
CentreIce24 wrote: Hey Shazam
That is a good thing if you only received $5 because it means you must have had just a small fractional share left over.
Seems we received $19.73cdn per share (thought it was supposed to be ($19.99) and we will never know for certain as we don’t know what they used as the exchange rate which constantly fluctuates
From my previous post
Examples:
100 shares x .8381 = 83.81 but rounded off as a full share = 83
500 shares x .8381 = 419.05 and rounded off as a full share = 419
600 shares x .8381 = 502.86 and rounded off into a full share = 502
1,000 shares x .8381 = 838.10 and rounded off as a full share = 838
1,100 shares x .8381 = 921.91 and rounded off as a full share = 921
10,000 shares x .8381 = 838 and no rounding off into a full share is needed
Go ahead and give the math a try
Pretty sure it will work out to be damn close
Enjoy Your Day
Cheers,
CentreIce