You can either sellout and move on, or asking for company’s...

First 95 Last

Share
Profile

Follow
ML173

9,530 Posts.

309

18/09/23

13:07

Post #: 69900199
Share

Originally posted by asteroider: ↑

I want to hold them, almost two weeks in getting no help from existing brokers (not full service) and then bum advice from NAB saying we can do it, only to change their minds once all the shares are consolidated in new accounts over there. Surrounded by piles of certified documents, none of which get to the end result.

Now it's hours a day listening to bad on-hold music at NAB, every time you talk to someone else, every time a different story and gets 'escalated' and still noting on the escalation from over a week ago.
They FLATLY refuse to transfer you through to anyone who knows what they are doing on the 'corporate actions' side as they have neatly insulated themselves from their annoying customers.

Have called the company secretary, was 'busy' so left name, number, explained problem and am yet to receive a call back.

The documents show two methods of transfer. The registry: Boardroom themselves have been fielding my queries over this for more than a week and as of Friday afternoon are still not sure and trying to determine if both of the ways to convert are 'fee free'.

Boardroom says: NAB can do it. NAB says: Boardroom can do it.

NAB seems incompetent. They say they cannot convert my Chess sponsored shares back to SRN (issue sponsored). As if. They also claim to be unable to send them to the HSBC custodian account with my HIN attached and provide their international DTC code, which I have confirmed they do have.

Right not I don't even care that I cannot trade them. I just want to get then converted from voting ASX shares to non-voting ADS's at minimum cost, not upwards of USD 5000.

Two weeks in and I am getting no definitive solutions or answers from the company secretary, boardroom or NAB.

And all of this BS is sanctioned by the ASX and ASIC.

Expand

You can either sellout and move on, or asking for company’s assistance for converting and trading on the Nasdaq.
Have you done selling ?
Good luck

MOB Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply