Friday, April 25, 2014 4:03:40 PM
Please also explain why you claim that the change in "pay date" was beyond the company's control?
FINRA does not independently set dates for company-related actions such as dividends or "distributions" of preferred stock. FINRA merely processes requests submitted to it via Company Related Action Forms. PVEC is entirely responsible for the change in record and pay dates.
Lastly, PVEC has not issued any details of the preferred share distribution since rescheduling it through FINRA. None of the details of preferred stock to be issued with a record date of 4/15/14 and a pay date of 4/23/14 have been disclosed by the comapny.
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