The problem is that the conversion process is taking a very long and undetermined amount of time.(this appears true for almost all brokerages) If one knows beyond a doubt that there will not be a need to sell for that extended period - no problem. However, who can predict what will happen in that undetermined time? The conversion process should have been easy and quick, as stated in the merger plan. Mostly it's everyone blaming someone else and the shareholders getting the short end.
Very Simple. The huge amount of short shares they lent out are the problem. Going by the amount shorted, it shows what a poorly run company this is. This is not retail investors doing this. It's the hedge funds. Something is really wrong that Joe retail does not know about. When you have this many shares shorted on a stock with such a low price, it's red flags all over the place. If and when you get your shares, run for the exits.
The date from Jenya in MUX IR is long gone. TD has no real set time. Just that it will be done While as others have pointed out the moment you say conversion your shares are automaticaly NA available to you anymore. Its been that way for over two weeks now with no idea when this will end.
Ridiculous.......there ought to be an industry article about this.
Did they get you guys????Thats what you get for trusting this paper game.Its looking more and more like the banks corupt at its core.....trade these stocks for percentage gains and stop falling in love with the story.....jmo happy trading.