Canntab Therapeutics Ltd CTABF

Re TFSA SPIN OFFS

[Suggardaddy68]

just seen this posted by a mortgage broker on a leading financial website, to date Qtrade has not sent me anything of this nature, what strikes me as odd is the spin offs which sit with zero name other than a registered # and no par value in my TFSA do not say if they are US based equities or not, how can a financial institution either threaten a security holder with confiscation of security if they dont remove them from the tfsa. Any feedback appreciated Important for Canadian Investors Just had something happen to me that could easily of led to me losing thousands of shares had I not paid attention and actually got/read my mail... So I was playing the "shell run" of early 2018 when everyone was trying to guess the next shell to become a cannabis company. I bought a company called $TFS. It turned into $PIL. It lost over 90% of it's value, while instead issuing numerous shares in 7 different PubCo's. Which leads me to the purpose of this post. I bought $TFS in my TFSA (hence why this is only for the Canucks). Consequently, when these 7 PubCo's were issued to me, they went straight into my TFSA. Only one problem...these were not TFSA eligible. I got a notice in the mail stating I had 90 days to rectify this or TD will sell these shares to themselves for $0.01, and consequently taking my shares. I have since rectified this and moved them into my cash account, but this is a great lesson for anyone who has had SpinCo shares issued to you inside of your TFSA. They may not be eligible (especially if they're not public yet like mine are), and if you do not act on this you could LOSE YOUR SHARES as it is supposedly company policy to do so. Be careful friends. -Be in the know and FTM

[Tonyde]

SD68, be aware of any brokerage or a financial institution that threaten you with any of your securities. That's called stealing. I'm pretty sure that there must be some kind of misunderstanding. A letter / notification was sent to shareholders stating that these 7 SpinCos (securities) are Not eligible for tax sheltered accounts (ie. TFSA, RRSP etc.). Shareholders should choose 1 (one) of

[canaken1]

IMO, If you do not take any action, you will automatically loose them all. The pool of unacted shares will be offered to the special group of investors ( Plan of Arrangement  )  My thoughts are:- Only those who can buy, hold & eventually trade these spin shares are the ones that will reward their grand-children.  Do your own DD

[Tonyde]

@ Canaken1. Well after approximately a year, the first SpinCo got listed on The CSE under the symbol CBII. Regarding the offering of "Unacted Shares" they are offered to those that owned TFS previously. I don't consider myself as a part of the "Special Group of Investors". I'm assuming that everyone that own these SpinCos received a letter from their broker regarding

[canaken1]

Tonyde:- As I am out of this company now , I will not be making any additional comments, consider me gone and good luck to all share holders. Yours truly...........canaken1

[KOrigin]

Hey, how did you transfer these shares into your cash account, I phoned TD and they are giving me the runaround saying I need a chartered accountant in order to assign a value in order for them to move them to a cash account. Thanks

[KOrigin]

I emailed canntab and received the following response for anyone that has the spinco companies in their TFSA: We are aware of this issue with TD and have been in touch with them to confirm the following: 1) SpinCos should be elegible for Registered account 2) we believe TD’s data provider has incorrectly flagged some of the SpinCos 3) we are working TD to get this sorted 4) most pressing - TD

[Tonyde]

Everyone that owned Telferscot (TFS) shares last year should have received a letter from their broker stating that the SpinCos (numbered corporation) were Non Qualified Investment (NQI) for any Registered Account, and investors were given three (3 ) options (by Law), one of them to move them into a cash account. Now that one of them is listed, CB2 Insights Inc. (CBII), this security can be moved