Does anyone know when this is supposed to happen - Upon fina...
$Cenntro Electric(NAKD.US$ Does anyone know when this is supposed to happen - Upon finalization, Naked Brands will cease to exist. Under the terms of the merger, Naked shareholders will receive seven shares in the new entity for every three existing NAKD shares they own ?? I know the reverse split happened already but I haven't gotten my 7 for every 3 yet ?
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huaThuaT88888 : Share split is good news right?
71409556OP huaThuaT88888: a reverse split is bad news but that already happened, what I'm referring to is the announced 7 shares in Cenntro for every 3 you owned in NAKD. That has not happened on my account, I'm starting to wonder if this broker is legit
Bloom88 71409556OP: from what i understand, we have nothing to do with the 7 shares, its intended for the original private investors of Cenntro. They wont be able to sell these shares for the next 180 days.
huaThuaT88888 : Yes we have been through the reverse split already. But for 3 shares to 7 would be a normal split.
71409556OP Bloom88: No I don't mean the orginal owners of Cenntro, I'm talking about this - Upon finalization, Naked Brands will cease to exist. Under the terms of the merger, Naked shareholders will receive seven shares in the new entity for every three existing NAKD shares they own as was reported on 12/10 even before the reverse split. So according to that whoever held shares after the reverse split should get 7 for every 3 that they owned. Which has not taken place so far.
Bloom88 71409556OP: probably bad reporting, we're not getting 7 shares for every 3 that we own. i thought the same as you at first.
71409556OP huaThuaT88888: This was reported on 12/10 - Upon finalization, Naked Brands will cease to exist. Under the terms of the merger, Naked shareholders will receive seven shares in the new entity for every three existing NAKD shares they own. I'm not talking about the reverse split that was 1:15, that says 'upon finalization of the merger' that there will be a 7 for 3 split, the merger is final now correct ?
RainbowLight : Does this means my shares going to drop again?
myCitibankx8 : There is such a thing
101661346 : It’s a shit stock
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