GNE - Genesis Energy

[biker]

1000 1000
2000 1724
10000 2414
20000 2914 (2414 + 5% above 10,000)
30000+ 3226 (max shares per application)

So looks like $5,000 is maximum allocation per applicant.

Unless you got a broker allocation, then it's zero.

[RTM]

What a joke.

Applied for $20k worth of shares.
Received $4k.

Absolute waste of time.

Looks like I will be purchasing tomorrow.

Well....not completely a waste of time.
Yes...I want to purchase more as well. The question is when...and at what price ?
And how....I generally use Direct Broking....but would a broker do a better job here ?
And of course I need my money back to be able to buy on market.
Much to ponder.

[pierre]

There will many millions of dollars to be refunded to investors who were allocated only a fraction of the shares they applied for.

They owe me about $34k - I wonder how long it will take to get that back?

[lambton]

Applied for $30,000 over three identities, got $3470 each (6717 shares in total).

[Yossarian]

There will many millions of dollars to be refunded to investors who were allocated only a fraction of the shares they applied for.

They owe me about $34k - I wonder how long it will take to get that back?

Yep, they'll have to return maybe $150-200m?? And they have until the 28th to do it, I think. Plenty of interest on that in the meantime!! (~$30k/day at 5%)

[RTM]

There will many millions of dollars to be refunded to investors who were allocated only a fraction of the shares they applied for.

They owe me about $34k - I wonder how long it will take to get that back?

I guess we can expect a bit more activity/support for the market over the next month or so as these millions of dollars are trickled back in ?

[milt1968]

According to the message on the Genesis Energy Shares helpline the refunds will be processed from tomorrow (17th)

[Harvey Specter]

Yep, they'll have to return maybe $150-200m?? And they have until the 28th to do it, I think. Plenty of interest on that in the meantime!! (~$30k/day at 5%)

If they have your bank account number, my guess is you will have it by the end of the week.

[Yossarian]

let's hope so...

[Harvey Specter]

1000 1000
2000 1724
10000 2414
20000 2914 (2414 + 5% above 10,000)
30000+ 3226 (max shares per application) or $5,000

So looks like $5,000 is maximum allocation per applicant.

I'm glad I didn't apply for more in the expectation of scaling! Should have applied over multiple entities but for $10k worth, I shouldn't have had to!