Looks like they get you either way!
I agree with your suggestion to say "NO". A
charge of $40 for the transaction is worse than what we would pay
doing it ourselves.
At 8:38 AM -0500 3/23/03, Lanny L. Vrooman wrote:
Hi Goldsters,
Below and attached is some info on Transocean. Just wanted to get an opinion on what everyone wants to do. We don't have enough money to buy the 100 shares but do we want to consider selling. It still looks as if we would still encounter a fee. I would vote to just say NO.
Lanny
IMPORTANT INFORMATION PERTAINING TO ONE OF YOUR SECURITIES
TD WATERHOUSE INVESTOR SERVICES
Dear Customer:
This is information regarding AN ODD-LOT PROGRAM
for TRANSOCEAN SEDCO FOREX INC.
The offer is made by TRANSOCEAN SEDCO FOREX INC. The offer expires on 04/07/2003 05:00 PM ET You must reply by : 04/03/2003 11:59 PM ET Your position in the above security is currently being held in your account at our firm and is the subject of a corporate reorganization. The terms and conditions of this offer are outlined in the offer material (click here to see the offer material). Should you wish to participate in the offer, we will forward your instructions. In order to submit instructions electronically we must receive your instructions by 11:59 PM Eastern Time on the reply date specified. Any instructions submitted after the reply date must be received by us via mail or telephone and will be processed on a "best efforts" basis. Additional shares purchased or received following receipt of this notice will require separate instructions to be submitted. You are responsible for canceling any open sell orders and verifying any option positions pertaining to this security. We will not be held liable for any short positions resulting from acting on your instructions. Please be advised that we cannot act in absence of instructions, and will not be held liable for any instructions that are received after the reply date. The reply date is prior to the expiration of the offer in order to properly fulfill your instructions. Please note most offers can be amended, terminated, or extended without further notice to shareholders. This is permitted because in most cases only a public announcement of the change is required. Therefore, it is advisable to review authoritative financial publications to stay informed of any changes. Should additional material with regard to the offer be provided to us on a timely basis, we will mail this information to you whenever possible. However, if we do not receive any additional material or insufficient material is provided to us, you may not receive notification from us regarding an important change to the terms or conditions of this offer. Any information given to us, either verbally or in writing, is intended as a guide and is not to be used as the basis for any decision regarding this offer. You are responsible for full compliance with the terms of this offer. In the event of a discrepancy between these terms and the offer material, the offer material will prevail. FOR INFORMATION CALL: (800)934-5790
Please note:
PLEASE SPECIFY YES OR NO AS TO YOUR PARTICIPATION IN THE OFFER ON THIS REPLY FORM. IF YOU WISH TO RESPOND BY PHONE, PLEASE CALL THE NUMBER INDICATED. INSTRUCTIONS MUST BE RECEIVED BY US NO LATER THAN TWO BUSINESS DAYS PRIOR TO THE EXPIRATION DATE OF THE OFFER. AT THE COMPLETION OF A REORGANIZATION OFFER, WE WILL APPLY A $25 FEE TO COVER ADMINISTRATIVE EXPENSES. You may now modify your Current Position for this offer. Current Position: 30.1387
Attachment converted: Titan HD:Transocean.pdf (PDF /CARO) (001B0EB3)