Newest reply from TDA (and additional info):
"Thank you for your inquiry. We have received the Soma Petroleum units from the transfer agent. According to the information we have, these units are each made up of 1 restricted Soma Petroleum share and 2 warrants. Currently, TD Ameritrade has not received information as to how you would exercise the warrants. It is possible the company or their transfer agent may require you to "unwind" the unit to separate the warrants from the unit. In other words, the unit may have to be broken down into its respective parts. You may want to contact the company directly to determine if this would be the case.
The units are restricted in nature and as such, they are not freely tradable.
We suggest contacting the company directly to determine the actual nature of the restriction and the timeframe involved before you can take action to clear the restriction on your shares.
If you have additional questions, please feel free to contact us.
Patrick W.
Reorganization and Safekeeping
TD AMERITRADE, Division of TD AMERITRADE, Inc."
Anyone know what to do now?
Here was my response:
"Patrick,
Thank you for your prompt reply to my inquiry. Can you please provide me a clarification of why the dividend is issued with CUSIP #83444T999 in lieu of the CUSIP #83444T106 for SOMA Petroleum LTD. I have information from the company on the nature of the restrictions and the time frames for execution, but no mention has been made about this dividend being issued as 'a unit' and not individual shares and warrants. Also, my understanding is that the originating stock (EQBM) is heavily shorted and according to NOBO reports excessively naked shorted. What assurances can you provide that the 'units' issued contain the dividend share and executable warrants?"
