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Non-Tech : The Critical Investing Workshop
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To: Voltaire who wrote (23318)6/23/2000 10:08:00 AM
From: DepyDog  Read Replies (2) of 35685
 
Tom, or anyone, I got a problem. I bought MNNSY(Mannesman)that was bought out by Vod (Vodafone)and the deal was consumated March 27th this year. A friend of mine also had it in an Ameritrade acct and in March MNNSY converted to VOD in her account. My brokerage firm (NBC Securities)just NOW converted my MMNSY shares "BUT" they converted them to the type of vod shares on the LONDON Stock Exchange. I have to call the broker to find out what they are trading at since I do not have access to the real time London quotes.
I have been buggin them since March as to what is going on with my shares and they said it take a while for the conversion. I told them my friends shares converted in March but that did not seem to make any impression. FINALLY, they said the bank in New York had LOST my shares then when I raised a ruckus about it they seemed to "magically" FIND them again. (GEESH!) MY QUESTION IS: Do I have any recourse with all of this since they have had my shares tied up since march (when the stock was much higher)and I have been unable to sell or do anything but wait...is there someone to call or do I just eat the loss or sit on the shares til they move again? Anyone have experience with something like this? TIA, Depy
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