So , did you get the notification of early redemption and share withdrawn ?
I didnāt get any notification.
I only saw a lot of money withdrawn from my trading212 account yesterday.
I will ask them to clarify the calculation of the amount they withdrew.
I am pretty desperate.
Really isnāt there anything we can do about this?
Canceling the shares seems like an abusive action to me.
I admit I didnāt read all the terms and conditions of Granite Shares.
I found out afterwards that at page 345 they say about the Early Redemption Event.
Do you guys think itās worth trying anything against them in the court?
Isnāt the key reason they had to have stopped it otherwise the SP would have been zero.
So when the RR did this:
You would expect the 3x short to move in the opposite direction. But it canāt go any lower.
So they then killed off the stock and gave out 0.196122 per share?
What I donāt understand is how action wasnāt taken sooner, to achieve a higher SP to work with? They probably wouldnāt expect a very quick double increase but like 23 was dangerously close in hitting zero with any large increase in RR.
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They did take action sooner - that was the earlier rebalancing but it then required more rebalancing 2 or 3 times in one day as the RR price increased a lot (from a low starting point).
Would there have ever been a happy ending going 3x short on a stock that instantly doubled?
I can see why it needed to be rebalanced otherwise people would have walked away with nothing a lot sooner.
Seems to me like it was doomed to fail, and incredibly risky with the RR SP already so low.
Frustrating as it is, I just canāt see how people can win a court case. It did what it said on the tin 
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Whatās happening with the money still held.
I still had a position here but the ticker has gone ?
Still waiting as well , they just took they shares and the balance of the share been withdrawn
Iāve yet to receive a response but this needs to be highlighted better. The amount lost has not been subtracted from my total return and I canāt find the info in any of the statements. I need to deduct this for tax purposes, so would appreciate more info as the notification has since disappeared.
Further, i cannot seem to locate the actual amount paid out despite it having been about two weeks now since granite sent the money to the brokers.
If itās been transferred, I request a clear record somewhere, be that in the dividends window (as some brokers have done) or elsewhere. It also does not show up in notifications or history.
Iāve sent upwards of three queries (as you have seemingly removed the chat function) and have yet to hear anything regarding how youāve settled the funds with exact documentation.
I canāt be the only one that wants to deduct this from their taxes?!
Dear T212 Traders,
In order to centralize all questions related to GraniteShares ETP, we have created this topic:
https://community.trading212.com/t/graniteshares-etps-news-questions-answers