No no, you will still get your $0.04 for every share you held. However you will no longer be a holder of BBI.
Example: If you held 10,000 shares you get $0.04 per share ($400)
THEN under the new consolidation of 1 new share per 15,000 you get .66 of one share which is rounded down to nil...
The amount you should have received is $0.04 per share. If your shares have been stripped to nil, it means you you would have help less than 15,000 shares. (as the consolidation of 15,000:1 is rounded down)
Hmmmm...that is odd...very strange indeed.
I was a buyer at $0.036 and received my full $0.04 today. I would be nagging for a 'please explain' to the registry rather than taking 'can't explain why'
Correct, you had 20,000 BBI which you will recieve $0.04 per share for, so you will recieve $800.00.
Those 20,000 shares are now consolidated on a 15,000:1 basis, so 20,000 / 15,000 = 1.34 shares, this gets rounded down to One, so now you have one share remaining in BBI(DA) with a currently...
The consolidation in Lamens terms...
BBI
1) Each BBI holder recieves a $0.04 + continues to hold their shares. (E.g 100,000 shares recieve $4,000 + continues to hold)
2) Each BBI share in consolidated on a 15,000:1 ratio (100,000 shares now become 6shares - rounded down!)
3) EAch share now...
As a holder of BEPPA and BBI, I personally am happy with the results of yesterday...as an investor anyway...
Do i think RBS would have had a better deal on the table?...Probably...nothing was there in concrete as far as we saw it anyway. BBI are not going to allow an 'obstruction' in the road...
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