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Hi Rosewall.
Thank you for the information.
My Barclays Smart Investor account continued to show my Sirius shares until yesterday afternoon when they were suddenly removed and replaced by cash. At least X-O showed that they had received the cash but it was not yet available for reinvestment, and in my opinion that was the better customer friendly procedure.
Hi Archways,
My ISA is with X-O. I could see two amounts on my screen. One was my cleared funds that were available for trading. The second was a pending transaction which is just letting you know that it has arrived and they are just processing it. The funds were cleared for investing the next day.
Hmm I had my SXX held in an ISA, they disappeared last week but still no cash?
Money was cleared and in my account as viewed on line
Hi Old Rascal.
Thank you for your advice, but don't worry. I am prepared to take risks with part of my investment funds.
I accept that it was jonesrichard who drew my attention to Greatland, but I have been reading its chat board since then and I am happy to try to recover my Sirius losses via Greatland.
Catch up with me in a year's time and let us see whether 4.585p was a profitable entry point into Greatland.
Remember to take some profits.
My fear is that many SXX shareholders will follow the crowd and will invest in the same shares as the other former SXX shareholders.
Be aware of the pump and dump.
But most of all, good luck.
OR
My Barclays account has now been credited with the Sirius proceeds, so I have invested it all in Greatland Gold at 4.585p. At one point last week I could have bought Greatland at about 2.8p, but better late than never!
Got my cheque in the post today from Link Asset Services.
Banked it already!
Hi Tuckupp.
Thank you for pointing out the distinction between cleared funds and funds that are available for reinvestment. I am still awaiting funds that are available for reinvestment.
Thank you also for all of the laughs that you have given us on a weekly basis.
archways, i deal with halifax and my money was put back into my share dealing account aprox 3pm yesterday and was available for reinvesting, but not cleared to takeout of my account. good luck.
Sorry - Cristoire.
Rosewall.
I have just registered a complaint with Barclays because they cannot yet tell me when the Sirius proceeds will be credited to my account as cleared funds.
When you said yesterday that "the money is there being cleared" did that mean that you were told that the money had been received but it was not yet cleared? If so, were you told when it would be cleared? Do you mind telling me who you are with?
Christoire.
I assume that HL told you yesterday that the Sirius funds had cleared and that they were available for you to invest immediately.
Bbarzut
Just to say that I checked my account this morning and the money is there being cleared.
Thank you very much
Just leave them as they are. They will soon disappear and be replaced by cash in your share account. You can then decide to buy shares in another company or transfer it to your bank account.
Do you know how we will be paid? I am still holding the shares on my trading account and I'm not sure how to hand them in. Any help would be much appreciated
I think it will be later than that. They have to send the payments out by then. The money is sent to the nominee accounts. There is time for the money to clear and then the time to allocate the money to individuals.
Not yet. Should receive by the 30th
Anyone received cash yet?