Please understand how the system works......
I have accounts at e-trade...I also have in writing quite a few things from e-trade, as well as most brokergaes....
E-Trade is NOT supposed to send your shares of JPHC anywhere.....They are to provide the INFO ON YOUR HOLDINGS to the TA, which they have done.
The brokers only responsibility is to provide the accurate info to the TA.
It was the companies decision, not e-trades, to have certs go directly to shareholders......The ONLY responsibility E-Trade has is to send your info to the TA, which they have done and then erase whatever shares you have in your account, as they do not exist in your account legally...the corporate actions of PAVC's 'deal' dictated that certs would go to shareholders, not brokers. Which means they can send your info to the TA, erase the shares from your account and tell you 'you are on your own'....they have complied with all laws and it is NOT up to e-trade or any broker to 'help get you your shares'.....Once they provide the info to the TA, they have no further obligations.....
<<No not true. Etrade has not sent my JPHC shares to the new TA. My other accounts have. Why?>>
Once again, please learn how the system works and you'll better understand.......E-trade HAS sent your info to the TA...in fact, E-Trade has sent info more then once and even filed complaints against the TA.....They provided MORE info then required to the TA!! Yet the TA kept lying and saying he didnt get the correct info....the TA DID have the correct info, and then some, as most brokers complied and sent him info that wasnt even required for you to get your shares...Heck, if ya dont belive me and ya dont believe what e-trade will put in writing for you, the company will even now admitt that the TA DID have all the info from day 1....they will even tell you the brokers gave the TA more info then he required.......I suspect the company is trying to be honest about this now that the SEC is looking hard at this issue.....But heck, the company will happily tell you the brokers are NOT AT FAULT and have complied legally with every request by the TA and now the brokers are looking in to taking legal action against the company and/or TA....Do you really think all the brokers are happy about this very 'iffy company' and the actions it undertook that caused ALOT of people to think they were at fault? The brokers are not going to stand by and let some little piss ant company, pulling a scam on people, go around telling everybody it is the brokers fault and it will be quite interesting to see how little ole PAVC deals with all brokers that the company and TA lied blatantly about. Dont think for one minute the brokers are not taking action..these are major brokers who were harmed by the blatant lies of a little piss ant casino stock and they will not...are not..standing pat on this......Take that to the bank!!!
