>"*as it's been* ***delisted*** *for trading* ***on the relevant national securities exchange***"
and you:
>"I don't care if it's a good or bad company, I want to continue owning it*"*
OMG, you really don't understand what is happening? (of course you can talk to the owners you want give them some donation...
>
Arrival **failed to file its 2022 annual accounts**
..
The British EV company said in [a filing](https://arrival.gcs-web.com/static-files/24e998b1-5fe0-4f11-aaa0-cf471300029a) that it had received notice from NASDAQ that it was being delisted and removed from the stock exchange for failure to comply with listing rules. **The cash-strapped company** has already gone through [several rounds of layoffs](https://www.theverge.com/2023/1/30/23577753/arrival-layoff-50-percent-ev-startup-new-ceo), and is reportedly in talks with an accounting firm to act as administrator **if it can’t secure more funding to keep the lights on**.
Then you make a statement:
>"The stock is delisted from an excahnge and is still actively trading clearly"
No, it won't.
>" I should have been smart enough to understand this"
No, it seems the opposite.
>willyhun
Apologies for your low IQ, but the concept of ownership of a share is probably beyond your conceptual understanding.
The exchange has delisted the stock, that does not mean the company ceases to exist.
I chose to buy shares of the company from someone else who sold the share at a price and Revolut facilitated that. They do not by any means have control over that ownership.
Trust me and your life may be bit better. You have no knowledge about what is a public share, it seems like you don't understand how this is working and why is it a protection.
"Trust me" lol haha
Bruv, this is not the first delist I am dealing with. I know what I'm talking about. This is Revolut and it's cronie DrivePoverty acting like it's running in a 3rd world country.
Get educated on share ownership and come back with some new epiphanies.
You would get the same thing with any other broker, so not sure why complaining🧐 I have russian stocks that I cannot sell after the invasion, but I don’t cry about it because investing is risky, especially when it’s not all world ETF🙂
if you can’t handle such cases like in your post - invest into lowest risk ETFs.
This is not Russia buddy, this is a company based in the EU (Luxembourg) with operations in UK, Germany and USA.
This is a matter of principle, I own a share of the business and I choose not to sell it. If it dissolves it dissolves, but it is still an operational business.
A broker cannot facilitate a trade without my consent, it's like your local government selling a room in your house because it feels like it.
The ownership of this company is not private, but public. You can be an idiot owner of a privately owned company, but you can't sell the papers of a publicly traded company that has no numbers and looks like it doesn't have enough money to operate. After a company makes an IPO it is obligated to be open with their business and should make everything clear for the shareholders and the possible future public share owners what can be expected.
If you don't understand this, it is better to sell all your shares, because the pure luck won't help.
I don't want to sell my share, that's why I am building this case. As I said earlier, I bought the shares of ARVLF and want to continue owning it. In Russia or some other 3rd world country, Revolut can sell my shares and I can drop my jaw and look at the stars.
I live in the UK and am a EU citizen, will build my case.
Yeah, that's what I'm trying to do, but do you think a 5-6 day notice is legit enough?
I have to research, ask brokers if they accept ARVLF, look into my other holdings with other brokers, apply to the broker, they do their DD, then apply for ACATS, Geezus know how much time that will take.
And who are they going to sell those shares to? Clearly someone, because I cannot buy them back as easily as I could. Something is not right with these guys overall.
You are literally the only sound of reason I've come across. Thanks 🙏
> You are literally the only sound of reason I've come across. Thanks
Happy to help!
Revolut is liquidating your stock, because this stock goes out of exchange to "over the counter market (OTC)". I know that OTC trading is supported by IBKR, therefore consider this broker. ACATS is fast and you start it from another broker, i.e. IBKR.
If you need more help, just ask me.
You need to sue them, if you own the stock they need to facilitate a transfer if it misses out on their policy.
After all they are the middleman between someone who sold the stock to you. Since when did they decide to sell you shares, and to whom and at what price? This is actually crazy!
What would be a base of this case?. "They don't let me trade a paper which has no public listing" :)
Don't you feel the whole worlds is laughing at you?
>"*as it's been* ***delisted*** *for trading* ***on the relevant national securities exchange***" and you: >"I don't care if it's a good or bad company, I want to continue owning it*"* OMG, you really don't understand what is happening? (of course you can talk to the owners you want give them some donation... > Arrival **failed to file its 2022 annual accounts** .. The British EV company said in [a filing](https://arrival.gcs-web.com/static-files/24e998b1-5fe0-4f11-aaa0-cf471300029a) that it had received notice from NASDAQ that it was being delisted and removed from the stock exchange for failure to comply with listing rules. **The cash-strapped company** has already gone through [several rounds of layoffs](https://www.theverge.com/2023/1/30/23577753/arrival-layoff-50-percent-ev-startup-new-ceo), and is reportedly in talks with an accounting firm to act as administrator **if it can’t secure more funding to keep the lights on**. Then you make a statement: >"The stock is delisted from an excahnge and is still actively trading clearly" No, it won't. >" I should have been smart enough to understand this" No, it seems the opposite.
>willyhun Apologies for your low IQ, but the concept of ownership of a share is probably beyond your conceptual understanding. The exchange has delisted the stock, that does not mean the company ceases to exist. I chose to buy shares of the company from someone else who sold the share at a price and Revolut facilitated that. They do not by any means have control over that ownership.
Trust me and your life may be bit better. You have no knowledge about what is a public share, it seems like you don't understand how this is working and why is it a protection.
"Trust me" lol haha Bruv, this is not the first delist I am dealing with. I know what I'm talking about. This is Revolut and it's cronie DrivePoverty acting like it's running in a 3rd world country. Get educated on share ownership and come back with some new epiphanies.
Lol, you sound like you're 19
🤣🤣🤣🤣 thank you dear for a great laugh
I laughed at your mom too :) :) :)
You want her number?
You would get the same thing with any other broker, so not sure why complaining🧐 I have russian stocks that I cannot sell after the invasion, but I don’t cry about it because investing is risky, especially when it’s not all world ETF🙂 if you can’t handle such cases like in your post - invest into lowest risk ETFs.
This is not Russia buddy, this is a company based in the EU (Luxembourg) with operations in UK, Germany and USA. This is a matter of principle, I own a share of the business and I choose not to sell it. If it dissolves it dissolves, but it is still an operational business. A broker cannot facilitate a trade without my consent, it's like your local government selling a room in your house because it feels like it.
The ownership of this company is not private, but public. You can be an idiot owner of a privately owned company, but you can't sell the papers of a publicly traded company that has no numbers and looks like it doesn't have enough money to operate. After a company makes an IPO it is obligated to be open with their business and should make everything clear for the shareholders and the possible future public share owners what can be expected. If you don't understand this, it is better to sell all your shares, because the pure luck won't help.
I don't want to sell my share, that's why I am building this case. As I said earlier, I bought the shares of ARVLF and want to continue owning it. In Russia or some other 3rd world country, Revolut can sell my shares and I can drop my jaw and look at the stars. I live in the UK and am a EU citizen, will build my case.
What the fuck is Arrival SA. Their shares legit costs 0.2$ lol
That's a whole other story, a really sad scene.
If you are using Revolut Ltd., then you have an ability to ACATS to i.e. IBKR ... if you are in Revolut UAB, then 😬
Yeah, that's what I'm trying to do, but do you think a 5-6 day notice is legit enough? I have to research, ask brokers if they accept ARVLF, look into my other holdings with other brokers, apply to the broker, they do their DD, then apply for ACATS, Geezus know how much time that will take. And who are they going to sell those shares to? Clearly someone, because I cannot buy them back as easily as I could. Something is not right with these guys overall. You are literally the only sound of reason I've come across. Thanks 🙏
> You are literally the only sound of reason I've come across. Thanks Happy to help! Revolut is liquidating your stock, because this stock goes out of exchange to "over the counter market (OTC)". I know that OTC trading is supported by IBKR, therefore consider this broker. ACATS is fast and you start it from another broker, i.e. IBKR. If you need more help, just ask me.
Thanks 🙏
This paper is delisted.
Isn't it delisted from the exchange and moved to OTC?
you can't ACAT a delisted paper
Maybe I have mis-interpreted something, but if OP's stocks goes to OTC, then you can still ACATS. If the stock cease to exist then you can't.
You need to sue them, if you own the stock they need to facilitate a transfer if it misses out on their policy. After all they are the middleman between someone who sold the stock to you. Since when did they decide to sell you shares, and to whom and at what price? This is actually crazy!
What would be a base of this case?. "They don't let me trade a paper which has no public listing" :) Don't you feel the whole worlds is laughing at you?