WisdomTree Coffee - COFF - Share chat

Thank you Bob1 & JimmyJ. So, 23 $COFF shares on 01/12/2023 become 1 Share on 04/12/23. Any fraction resulting from the consolidation will be redeemed within 14 days. This had been announced by Wisdom Tree on 23/10/23 - not that I noticed that, but Freetrade should have done. Instead, Freetrade, asleep at the wheel on this one, increased the value of each share this morning without reducing the number of shares held. This resulted in a ridiculous “Gain” which a) bore no relation to the underlying commodity price movement since Friday and b) materially misstated the value of my holding and overall ISA.

Together with recent “third party” dysfunctions in the App, this does not fill this Crowdcube Freetrade investor with much confidence in Freetrade’s agility. Also, my attempt to contact Freetrade today, once I’d got passed the irrelevant bot, elicited only the normal automated response to Standard Plan investors that a team member would respond in “1 or 2 days.” Lastly, there was no communication indicating why my (admittedly opportunistic) sell orders were rejected. Now I understand that Freetrade is not able to execute trades in this security before they get their excrement together on this one. Not impressive.

But to end on a positive, I’m most grateful for your posts on this thread. Thank you again, Jimmy and Bob.

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