normally I appreciate secondaries for accretive acquisitions if they are truly accretive after taking into account the potential dilution. However this dilution just plain reeks. Poor timing to say the least and the sign of a management that is in denial. It should have been disclosed WHEN the merger was announced that a secondary may be needed to pay for it.
It sounds like management is in an OH SH moment.
Not a good way to start a long term investment. Why didn't they pre- announce this secondary along with all the merger news ? or did they ?
I finally received the trgp shares, the new atlas shares and the cash amount end of last Friday. A full week after the merger closed.
BUT i have not yet received the fractional shares of trgp (expected as cash in liue of fractional shares). I called TradeKing and they claimed that APEX clearin house will give me my cash in a week.
Skimming Crooks playing with my cash ... Whydo we have to accept this nonsense.
I'm on a nibble program (nibble a bit every time she goes down). Already have a full position so the nibbles are small
yes it could be the broker or the broker's clearing house I asked the broker and they claim they are waiting for clearing house.
mmm look on the other side.... outstanding shares of old atlas energy times ....
besides I never leave my cash in money market its always working for meone way or another in equity options which is a hack of a lot more.
I have been told by investor relations that deposits should occur by end of week. Wow a whole week to play with MY cash. Multiply that by outstanding shares of old atlas energy ...
I just sent this email to investor relations:
I have not received anything for my shares of old atlas energy. No cash, no trgp shares and no new atlas energy.
Its been THREE full business days already. What is the holdup ? I own my shares through a discount broker.
This is crooked. THREE FULL BUSINESS DAYS while you play with my money and assets. #$%$.
If everything is actually cleared at your end then PLEASE contact your transfer agent and give them a big swift kick.
If somebody puts the net cash amounts for the merger for ALL shares of old atlas energy into a money market for 5 days how much do they make ?
Thanks for your attention,
since your a liar liar pants on fire I am HAPPPY to disagree and insult you.
In fact YOU are asking to be insulted when lie and make false claims.
there you go dumsht .... just sayin
Your total return on investment is a net positive and much more than a CD.
You are LYING when you say you lost money
so #$%$ dummy
everytime we get a wee little dip they all come out of the woodwork trying to scare the price down.
Too bad for them as they have failed everytime recently.
buying opportunity might be coming, be ready if your accumulating
ok if you say so ... but based on your premise (everybody is technically kosher) those mutual funds and etfs while technically safe from the sec , STILL don't represent what they are intended to represent. and thats an issue.