thoughts are we expecting more? I cant see Auryn doing all this for nothing. Even if they do a P&D we are here at bottom. Nothing but blue skies above us we just need good results or news.
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I got a maintenance call of $38 on my TDAmeritrade account today. I do not have anything margined - just my MDMN and CDCHD. Anyone else get a call?
I got the $38 charge also
$38 mandatory reorganization fee!
Ask Ted says…
In order to help cover the cost of reregistering a security going through a mandatory or voluntary reorganization, accounts are charged a reorganization fee of $38 for equity conversions and warrant/rights exercises.
What is the mandatory reorganization fee?
Mandatory reorganization fees are charged when there is a reverse stock split, a mandatory cash merger, or exchange of shares where stockholders have no choice in the reorganization (it is mandated by the issuer for all outstanding shares). An example of this would be company mergers or acquisitions. Where these actions are not open market transactions, they will require TD Ameritrade to re-register the affected stock under a new CUSIP via manual entries on your account. This fee is charged to cover the cost to TD Ameritrade to re-register the stock and to facilitate the reorganization in your account.
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If you have a large enough account or complain enough, they may cover it. Not all brokerages charge it. Seems like a profit center for TDA.
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I have never been charged a fee…
Thanks Sackogold. If you hadn’t mentioned it I wouldn’t even have looked! Just call and TDA will reverse it. Anyway, I just did that for two accounts. Saved me $76! Fidelity didn’t charge me a fee, but they did return $.03 as an odd sharecount payout!
Thanks, I’ll call tomorrow. BTW, does it count “having a large enough account” if you’ve lost $40K on MDMN over the years? You don’t need to answer…
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I saw volume 23 shares on my Fidelity, but the price didn’t change. Anyone seeing the same? Close .46
23 shares traded. Closed at .11
Thanks Auryn. I appreciate all you have done to enhance my portfolio.
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$36.00 no big deal. Considering they reduced your shares by 1 for 100 with no news on how that reduction will benefit you. Suck it up dude.
Weird I see a close of .46
Anyone else see N/A on cost basis through fidelity?tia
As far as I can tell there was no legit bid or ask and no trades today. The .11 bid and $55 ask gives the impression that there aren’t yet MM’s on the stock. Without them it’s not going to trade. Give it a little time. I don’t think it should take long. I could be wrong about this since it’s been so long since I’ve been involved with something like this I’ve forgotten a lot, but I have seen this before and I don’t see reason for concern.
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The info I have shows a close of .46, open at .63 and high of .7755 on a volume of 6328.1
That is the trading from the 13th, the day before the R/S. The price and volume info is adjusted to reflect the R/S.
This is what I see 3,575 shares traded @ .69, then 280 shares traded @ .6399, and 113 shares traded @ .16
In case it isn’t obvious, if you can get CDCHD at 0.16…that is pretty much a steal vs Medinah valuations just before the reverse.
I look at it this way CDCHD/ AUMC with 70 M shares and a book value of $56M ( assuming an accurate estimated value for the mining claims) should translate into .80 per share.
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