Monday, May 19, 2014 3:53:12 PM
Clearly something is really off with this $4 million "gift distribution" that was originally announced on 2/28/14 with a record date of 3/14/14. Then PVEC unethically rescheduled the record date through FINRA to be 4/15/14 with a payment date of 4/23/14, but still hasn't distributed the certificates.
Such a distribution should have been submitted electronically ans deposited into the brokerage accounts of shareholders. However PVEC chose to mail paper certificates instead, IMO to make it more difficult and expensive to redeem them.
I thought that at least those who sent their addresses to Kerry a couple of months ago would receive their certs quickly so they could post evidence of receipt. However, I did suspect others would have to call in to complain before getting their certs.
This Series C certificate distribution is starting to look just as dismal as the FINRA-scheduled dividend of IMAG Group (fka Red Tide) shares back in August.
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