PAUL_MARKOWITZ
6 년 전
Hi eagles,
You can read my earlier posts as I tried to understand the issues. Posts NO; 397,1041,1045,1053..
I bought this stock earlier this year...my shares became worthless at some point in September/October; that is when I came to know of the reverse split (553 to 1)...in my account, there was no symbol for the shares, my number of shares had reduced by the factor of 553, but the price was zero; and so the value was zero..
This frustrated me a lot; I called RBC and they said that the stock that had been split was not the same stock that I had purchased - I asked them to do a thorough investigation...A day later, they responded with the message below;
'For these details, you would need to contact the issuer, or their transfer agent which is the TSX Trust Company. Their contact information can be found by visiting: https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00002557. Our records do not show that your shares are currently trading on the Canadian Markets, and the shares that are trading on the U.S Markets, specifically on the Pink Sheets do not share the same ISIN identifier: CA7809191066 for RYSMF, and CA7809192056 for the shares in your account, nor the same CUSIP either, otherwise, if they did, it would indicate that it's the same shares.'
I called them again, and one experienced advisor advised me to leave the stock as it is; that the problem could be with the transfer agent; an issue that will eventually be resolved.
So I decided to count it as a loss..
But on around 22 December, my portfolio updated with the symbol RYSMF in place, and the stock price at $2...I held it for two more days and sold off everything at around $2.7
I feel sorry for you all who are in a similar situation....I hope your issues can be resolved soon and be able to sell before the stock goes back to pennies
Buckey
6 년 전
I agree - They talked about it for sure and it was known. and that is normal - Company indicates that a split will happen - happens all the time. Trust me I have owned possibly hundreds of stocks that have r/s.
I also agree that there are likely only 150,000 shares in the float. The question is - did any shares that got bought on the 21st not get the trades washed. IE is that really the volume - most trades under 3 cents - average share price was exactly 2 cents or $20,000 traded USD.
15:59:38 Q 0.125 0.1164 24,476 $3,060
15:58:06 Q 0.125 0.1164 5,000 $625
15:57:17 Q 0.126 0.1174 5,000 $630
15:57:15 Q 0.125 0.1164 5,000 $625
15:56:50 Q 0.125 0.1164 5,000 $625
15:56:04 Q 0.11 0.1014 5,000 $550
15:55:57 Q 0.075 0.0664 1 $0
15:55:39 Q 0.11 0.1014 5,000 $550
15:54:40 Q 0.11 0.1014 100 $11
15:53:08 Q 0.07 0.0614 1 $0
15:46:10 Q 0.1 0.0914 5,000 $500
15:45:47 Q 0.031 0.0224 3 $0
15:33:53 Q 0.1 0.0914 100 $10
15:32:37 Q 0.03 0.0214 29,612 $888
15:32:20 Q 0.0275 0.0189 1 $0
15:27:46 Q 0.03 0.0214 10,388 $312
15:27:41 Q 0.03 0.0214 10,000 $300
15:27:41 Q 0.03 0.0214 5,000 $150
15:25:45 Q 0.03 0.0214 9,000 $270
15:24:34 Q 0.03 0.0214 5,000 $150
15:24:15 Q 0.03 0.0214 5,000 $150
15:05:07 Q 0.02 0.0114 2 $0
15:04:21 Q 0.03 0.0214 19,800 $594
15:03:37 Q 0.03 0.0214 5,000 $150
15:02:53 Q 0.03 0.0214 5,000 $150
14:54:17 Q 0.03 0.0214 10,000 $300
14:54:08 Q 0.03 0.0214 10,000 $300
14:52:48 Q 0.026 0.0174 15,000 $390
14:24:23 Q 0.026 0.0174 10,000 $260
13:39:13 Q 0.012 0.0034 6 $0
13:34:12 Q 0.03 0.0214 5,000 $150
13:26:30 Q 0.03 0.0214 10,000 $300
13:19:34 Q 0.03 0.0214 10,000 $300
13:18:43 Q 0.03 0.0214 5,000 $150
13:18:35 Q 0.03 0.0214 5,000 $150
12:35:58 Q 0.012 0.0034 5,000 $60
12:35:58 Q 0.012 0.0034 5,000 $60
12:35:57 Q 0.012 0.0034 5,000 $60
12:35:20 Q 0.012 0.0034 15,000 $180
12:35:20 Q 0.0148 0.0062 15,000 $222
12:35:19 Q 0.0148 0.0062 38,823 $575
12:35:16 Q 0.012 0.0034 10,000 $120
12:30:54 Q 0.01 0.0014 10,000 $100
12:26:28 Q 0.01 0.0014 29,000 $290
12:21:39 Q 0.012 0.0034 40,000 $480
11:59:07 Q 0.01 0.0014 34,927 $349
11:59:04 Q 0.01 0.0014 15,000 $150
11:58:55 Q 0.01 0.0014 5,000 $50
11:53:12 Q 0.008 -0.0006 300,000 $2,400
11:47:08 Q 0.01 0.0014 20,000 $200
11:46:57 Q 0.01 0.0014 5,000 $50
11:44:54 Q 0.01 0.0014 45,000 $450
11:44:48 Q 0.009 0.0004 5,000 $45
11:41:25 Q 0.01 0.0014 100,000 $1,000
10:55:47 Q 0.01 0.0014 10,000 $100
9:32:25 Q 0.0148 0.0062 100,000 $1,480
penknee
6 년 전
I’m not sure who dropped the ball on this either, my guess is someone in the US wasn’t notified. Whether that’s FINRA, OTCM and/or the TA I have no idea. But it looks like this R/S was well planned, it was announced in April and the shareholder meeting was May 24.
Here’s a link to their articles of incorporation, the R/S occurred June 28, 2018.
https://www.sedar.com/GetFile.do?lang=EN&docClass=35&issuerNo=00002557&issuerType=03&projectNo=02793212&docId=4349604
Here’s another filing to send to the TA so they know about the R/S. Never seen a doc like this in the US, so I’m not sure how common this is, and who keeps shares in cert form anyway?
https://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00002557&issuerType=03&projectNo=02767804&docId=4412506
Assuming the insiders haven’t sold a share since their 12/31/18 filing, there’s only 151,772 shares trading.