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MMTLP MetaMaterials Inc PFD


Mr_Zen

Question

MMTLP, which was originally intended as a placeholder for a cash dividend, is currently not tradable on IG,

It now seems that instead of a cash dividend, it will be awarded as a spin-off stock in a new company, how will IG deal with this?

Will the new stock be tradable, or will we automatically be given the cash value?

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3 answers to this question

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On 19/07/2022 at 10:55, Mr_Zen said:

Did you get a response to this Mr_Zen?

IG is blocking its customers from selling a pref A stock that is trading even though it wasn’t supposed to be.

investor friends I know on all other platforms can sell this pref A. 

IG need to sort this out urgently . 

 MMTLP, which was originally intended as a placeholder for a cash dividend, is currently not tradable on IG,

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On 20/11/2022 at 13:45, Shell1 said:
On 19/07/2022 at 11:55, Mr_Zen said:

Did you get a response to this Mr_Zen?

IG is blocking its customers from selling a pref A stock that is trading even though it wasn’t supposed to be.

investor friends I know on all other platforms can sell this pref A. 

IG need to sort this out urgently . 

 MMTLP, which was originally intended as a placeholder for a cash dividend, is currently not tradable on IG,

Hi @Shell1

Thank you for reaching out. 

If you hold MMTLP in a non-leverage account (Share dealing or ISA), you would need to transfer the holding out of IG to another broker to trade it. Unfortunately this product has been restricted with our broker. If you need more information, please contact our helpdesk.uk@ig.com 

All the best, OfentseIG

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IG have decided to transfer my shares of MMTLP on the 13 of December one day after I can sell. them I have been Purdue this for the last week.  They decided to transfer them to a broker that can sel one day after it’s too late.  Please any advice on what to do 

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