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Well, we’re in March! I’m guessing we’ll hear something towards the end of the month but please keep us updated if anyone hears before the brokers!
No sign of the $napster token, so hopefully that bit is decided.
looking like it cheapie.still technically possible i suppose (we don't know what the definition of launch is in the t/o documentation,or at least i don't), but with no publicity or news to date it is very difficult to see it happening now.on balance i will be relieved now to get it finally sorted.
Interacted with Halifax on the chat today to see where they might be in this transaction. It seems it is on their radar but they have not heard anything to date from Algorand on the 2nd, 3rd and 4th tranches. As regards tokens their corporate notice in June suggested they were investigating options on how to handle those but today’s discussion suggests they are no further forward and will not be dealing in them. However they would explore the cash alternative with Algorand if offered.
just seen your post from yesterday,glenstar.not surprised that halifax appear to have made no progress.i doubt it is high on its list of priorities and it probably won't want to devote time and effort considering something that might not happen.HL said much the same thing months ago in that they were looking into ways of dealing with it if it happened,but I've not heard anything more and haven't yet enquired further.incidentally I've been looking for any news re the token issue since pig's posts but without success.hope we don't end up in a cleft stick situation, with tokens being issued but no way to receive them.
Yeah it looks like none of the brokers have put resources into the ability to hold the tokens and fair enough it wasn't even a sure thing that they would be issued. Even if the brokers forward our details to SRS Acquium, then the brokers wouldn't need to touch the tokens surely? Others have pointed out privacy issues with that solution.
I know someone else with Halifax who was told in June "we are investigating the options available to us with respect to any tokens that may be issued"
I think it's going to take graft on our parts as individuals to get our consideration either way. I haven't received any info from my brokers as yet either (AJ Bell and Trading 212) I don't know what the usual turnaround time is from them getting the information to passing it on but I know others have begun chasing the following Brokers for info;
Free trade
ii
IG
A group of three of us expect to begin chasing AJ Bell on Monday.
At least one person who is on the shareholder register obviously doesn't need to chase a broker and he has decided to begin setting up a wallet based on the information he was given.
Sorry Glennstar having re-read your post, my sentence on Halifax offers you no new info apologies!
Hi PureG
I posted on here on 19 May last on info I'd just received from ii at the time. It was almost verbatim (I put 2.5m instead of 25m, which i later corrected).
They in turn would have received this info from SRS Acquium, so the latter would be aware of their (ii's) involvement. Therefore as I see it, it is incumbent on them to keep ii informed of all developments, including details of launch when they know it, and any proposals they might have regarding any alternative options.
I would say I found ii very helpful and efficient at the time of de-listing . Info and the initial payment were dealt with promptly without me having to ask. I feel certain thatthis will continue and as soon as they know anything further they will let me know.
Hi Albert ,
What you said in your last message seems to ring true, ii have received the document and are working through their compliance dept (given the unique element of this corporate action) and will issue a corporate action notice with the update once their checks are done!
Interactive investor have replied to me saying they have issue the tokens but are awaiting confirmation of what we can do with the and if they can be held in isa or SIPP etc. they will then issue the corporate action explaining this! I was hoping for all cash to be honest. Will the tokens be worth anything cash wise?
Let us hope!!!!! Wouldn't mind a pound per token but I know I'll be accused of dreaming!