Urban Tea, Inc. (MYT) Social Stream



Urban Tea, Inc. (MYT): $2.16

-0.14 (-6.09%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

Add MYT to Watchlist
Sign Up

Industry: Beverages


Ranked

of 37

in industry

Featured Post From StockTwits About MYT

$MYT Seems from what I have read, a CUSIP change could force the cover of NSS positions if the change is done in conjunction with a name change. It is my understanding that the mechanics of the CUSIP change (with name change) would effectively prevent trading shares of the old CUSIP # and would create an entirely new set of shares through the DTC. By doing this, the DTC is forced to account for ALL of the old shares exchanged for the new shares. Without the name change, the old shares would simply be renamed. With the name change, they are physically exchanged which will isolate phantom shares and force covering.
theguitardr, published June 15, 2021

Loading social stream, please wait...


Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!




Page generated in 0.3427 seconds.