Post by
QUANTUMJUMP on Jul 12, 2016 1:50pm
Paid by months end
Bankers anticipates receipt of this approval in the coming weeks and closing of the Arrangement to occur shortly thereafter in July.
From previous recent experience pay out comes quick
Weird thing is MMT paid out the quickest
Comment by
ChupacabraBueno on Jul 12, 2016 2:34pm
That sounds great QJ - but how do you know? Thanks!
Comment by
QUANTUMJUMP on Jul 12, 2016 2:38pm
The expected timing of closing? It is from the most recent press release by the company This is occuring on the normal time frame they had established months ago
Comment by
LordIskander on Jul 12, 2016 5:16pm
Quick my butt! Depending on your broker it might take another 30 days from closing.
Comment by
QUANTUMJUMP on Jul 12, 2016 6:02pm
WTF ? Does your broker use regular mail? I assume you are trying to scare some newb as I have never had it take more than 3-5 days
Comment by
LordIskander on Jul 13, 2016 10:30am
It really depends on the nature of the corporate action and whether the broker's policy is to advance you the cash before they actually get it. HSBC for example will credit your account on closing date, but not Royal Bank.
Comment by
QUANTUMJUMP on Jul 13, 2016 12:16pm
? So from 30 days to that post? The deal closes , within 3-5 days you get paid Do whatever you damn well please $2.20 will be paid to shareholders soon enough