Dude, where are my shares?
A nondescript letter arrived the other day referencing a company I bought last year. I glanced at it, and as is my wont, threw it away as I assumed it was telling me about a dividend. Fortuntely my subconscious noticed something and I fished it out of the bin.
Ah, yes, 390 yen seems a bit high for a dividend. Reading the letter again revealed that the company had been bought and I should tell them where to send the money. Hmmm.
I logged into my account at Rakuten and found that the shares had disappeared. Apparently they have been delisted. Eeek.
I guess I should have been paying more attention :)
I bought the shares at 211 yen, so this is a fairly satisfactory result. Even so, it was a bit of a surprise. Is this kind of thing common in Japan? I presume I have to do the taxes by hand now as the shares are no longer in my tax-reporting tokutei kouza.
How about you? Have you ever had a company bought out from under you?