Softbank Group Corp Message Board

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Technology Stocks : Softbank Group Corp

SFTBY 50.04

-11.1%

Nov 25 3:59 PM EST

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To: Edwin S. Fujinaka who wrote (4977)	4/26/2000 3:59:00 PM
From: Yamakita	Read Replies (4) of 6020

Well, I just got off the phone with Etrade, and they will NOT put the additional shares into my account until they actually receive them from Softbank, listed for delivery on June 23. This is bullshit. Why on earth would they split the stock and wait two months to deliver shares?? It doesn't make any sense. I pity those with on-the-edge margin situations. Our equity just dropped by two-thirds, and there is NOTHING we can do about it. On the bright side, I was told that I could indeed sell the additional shares (i.e., if I had 100 presplit, I could sell 300) through a broker, AT MY OWN RISK; whatever that means. I'm having a hard time believing this.

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