Hi Guys,,have a question. I have been holding LNC shares for sometime and as we all know the share price has whittled away to virtually nothing. When LNC moved over to the SGX of course I followed them with my commsec account with PERSHING being the clearing broker. Their management fees are quite expensive but along with the shareprice decline I appear to be in the $negative. In other words my shares during the month of March was worth $33.00 but when Pershing take their fees off, my account is now -$14.95.
So what happens here?. I am assuming my shares are kuput, worth virtually nothing. Yes Linc Energy is in VA but if they miracuously become reinstated and I still hold the same amount of shares, will Pershing continue to charge Management fees therefore increasing a debt?
Any answers welcomed.
LNC Price at posting:
99.5¢ Sentiment: Sell Disclosure: Held
