Arras shares now showing in accountsArras shares, which had already been showing in my TDA account since last month, have now populated in my Schwab accout also. Anyone stateside should by now have their shares.
Who knows how long it will take to develop an actual trading market for the Arras shares, especially in the U.S. since it would be trading on the OTC. Oh, by the way, new rules recently adopted by many brokerages will only allow buying and selling of OTC stocks if they are OTC Pink or higher. Arras, since it will be a newbie, will likely debut in the OTC grey market, which means you would only be able to sell, not buy. So, you can kinda guess which direction the volume pressure will be on once this debuts.
I don't think we'll get much value for these shares, at least not for quite some time. Still think it was a mistake to spin off the Arras shares. What will SVBL have to fall back on once South 32 buys out the remaining 30% of Sierra Mojada? Ol' Mr. Barry didn't think about that did he? Which is why, of course, I withheld my shares when it came time to vote for him in the recent BoD elections.