The beauty of a Common-to-Preferred + Common retirement, CUSIP & name change, dividend distribution, etc., is that if the 'Street Name' shares in your account are actually DTCC "..vapor shares..", we know damn well that that those SOBs are NOT going to ultimately accept holding the bag.
The greed-soaked slimer's at the DTCC are going to immediately turn around and 'stand next to' the NASD and SEC, demanding that the POS MFMMMs like NITE, SCHB and VFIN settle up..!!! NITE has been fined so many times, and is under such intense scrutiny now, they aren't going to try to buck the system over what would be peanuts in their overall scam plan and tactics..!!! VFIN is just a "..whizz in the wind.." compared to NITE or SCHB, from what I hear, so they will buckle quickly also.
"...Tick, tick, tick, tick, tick...... JT and the gang are going to kick some tushy, IMHO. I know he is 101% whizzed about the manipulation going on.
John :-)
OBTW: SCHB isn't associated with Charles Schwab, the Brokerage.
Some sleazer outfit bought the MFMMM biz a while back and runs it like NITE.
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