RE:RE:RE:RE:SIB: $43.50, 45% of shares. Wooohooo!
Two days settlement means brokerage houses have two days to get the shares to the clearing house for HCG to double check numbers. People with good old fashion share certificates got to priority mail them in(like overnight). Everything counted up again in two days. Final numbers.
Then once the settlement date is done recalculate, dot the i's and t's.
Then HCG open ups the BIG ole check book, and send the money out.
The whole transaction from today, to you seeing your shares gone, to you seeing money in your account should be 10 days or less (business days). Likely less.
organeer wrote: Congrats to all who are winning with hcg. Thanks to this board for helping me out. Annoucement says the following. Can someone who understands the terms tell me when we are expected to get our 45% in cash back? What is the two trading day settlement period and does it have anything to do with when we receive our cash? Thanks The number of Shares to be purchased under the Offer and the Purchase Price and the proration factor are preliminary, subject to verification by the Depositary and assume that all Shares tendered through notice of guaranteed delivery will be delivered within the two trading day settlement period. Home Capital will announce the final results following completion of take-up of the Shares.