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I emailed sativa anne.tew@sativagroup.co.uk , becasue my uk share provider said they would have to sell all my shares.
Sativa replied
"I am sorry to say some of the nominee accounts seem to have got their information wrong which is why we have prepared the attached letter for shareholders in this position. If possible can you also pass this on to your account holder. If you give me contact details I can ask them to distribute the letter to other shareholders affected.
So id contact the above email if your provider is claiming they will sell
My provider has now responded:
"Please be advised an update concerning the Scheme has been sent by email this morning. Provided the dual listing application is successful and the shares can be traded via Crest they will remain in the your 'UK shares account'
This was my understanding, that there would be a joint listing and they would remain on the new version of NEX exchange, whatever its called. I have heard nothing from HL so assume they are OK with it?! I would be seriously upset if I had to sell at 2p with an average price of 6p...we keep getting stung here, by I'm holding on for a rise sometime in the future. Fundamentals seem good, and money coming in... Just a very slow burn. Hope I'm right!
Yes, selling at 2p would hurt.....May as well stay in for the long haul! Canada so big on cannabis products, you have to say this is a good thing! Here’s hoping!
I spoke to HL refarding this and they told me that they dont do still canna shares but will just use a third broker that does and therfore will continue to hold them. We may not be able to see them on the app but they will be holding them under the still canna name them i believe l. You just have to rinf them to sell, buy check up etc
I imagine the HL selling costs will be sky high.
Just checked me hl shares. SATiVA has disappeared,,,, Panic!!!!