In direct conversation with a BMOIS Rep I was told BMOIS will put the
entries in the Accts when the shs are recvd from the K Transfer Agent.
("Shares" meaning when the Computer entries are recvd.)
Presumably the Dealer
sends the Acct Nbrs/Name on Acct/Nbr of ARU held and the
Transfer Agent allocates the appropriate nbr of K Shs & Wts, sends the data to your Dealer and your Dealer records same in your acct.
This is more than I wanted to learn of this process but I asked on behalf of those that are worried about the Time it will take to recv the Converted K Shs.
I hope this explanation of the full procedure puts some minds to rest. Even with Computers, this takes time for humans to punch in and transmit the correct data.
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