today I was able to claim my free stocks from the WeBull promotion. The wording implies it had to be done today, so anyone who participated should be sure to go there and get it done.
The mechanics were awkward, and after finding the right spot on my phone application, I had to press the claim button once to get each stock. You did not automatically get your stocks, and 25 button presses were needed.
The wording was " 1. If you do decide to participate, please keep in mind you will only be able to claim your free stocks on 4/17/2020 . That is a total of THIRTY-FIVE (35) days after the promotion ends where you CANNOT withdraw or transfer out the deposit in order to claim the free stocks. This sounds like if you failed to act today, your lost your free stocks.
Each was apparently randomly selected, and mine includes UBS, JBLU, HPE. In spite of the wording of the offer, the value of JBLU is estimated as $8.98 (from the application) which is below the $9.00 minimum promised. the Jet Blue airlines opened above $9.00, but closed at $8.98.
Since I got only a few shares, I presume I was shortchanged by less than a dollar in total. I fear at the current prices of lawyers, this is not worth suing over.
The stocks are to appear later, after a week or so.
The promotion appears designed to minimize their payout.
This does not leave a good feeling, and may fail in the goal (presumed) of building their business.
They are still offering stocks for referrals, but I am not sure I can ethically suggest them to friends.