I am looking for another broker but that ain't easy, De Giro...

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Shotfac

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03/06/22

01:24

Post #: 61792231
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Originally posted by DetiMr ↑

I have SBroker in Germany and my shares are still not transferred despite i have informed the servicedesk about the company name change from MEP to DRM

I'm stittng in the same boat as you, not transferred, but for me that's not unusual, because they are usually lame ducks. My account shows this position

I suppose the above means; "Entitlement to Shares of Demetallica"

If stocks with foreign depository are held on behalf of a stockholder here in Germany, there is a long way for information from Australia to Germany.
The company has to inform the australian custody for the change, the custody informs ASX Settlement and Transfer, ASX informs the european clearing house Clearstream Luxembourg, that one informs the german custodian of your broker (in your case Lynx, in my case SBroker).
So if all these informations has passed, they can act and thereafter it goes the same way back to Australia with that new information held in your account.

Hence my advice, take a chill pill and wait a bit longer, usually I do too !

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I am looking for another broker but that ain't easy, De Giro (Netherlands) has made the MEP to DRM change 3 days ago !!! Lynx (IBKR) calls themselfs professional trading, what is happening now is a real blamage, anyone who lives in Europe and has a good competitive trading platform and trade also on the ASX i am welcome for advice, i am not pleased with brokers who don't understand the bussiness, that would be awful as an investor like me.

DRM Price at posting: 25.0¢ Sentiment: None Disclosure: Held
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I am looking for another broker but that ain't easy, De Giro...

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