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Monday, October 01, 2007 2:38:48 PM
ChoiceTrade also will not accept PAIM common shares certificate. I have a couple of questions now for discussion:
1- Is this the same thing with all brokers?
2- Why brokers are not accepting PAIM common share certificates?
3- Whose mistake is this. Is it the brokers' or PAIM is not trustworthy anymore?
4- If it's PAIM's mistake, how will PAIM compensate the CD and preferred shares holders who have lost their possessions after ending up with wall decorations that cost $50?
5- If PAIM management and big owners care about the shareholders, will they take any actions to enforce the brokers to accept their common share certificates (and correct their ruined image) or will they hide and laugh about the nice trick that saved them million of new shares from dumping and also generated money from the poor certificate holders and also kept the major part of the company owned by them.
6- Did PAIM know about this beforehand but instead of cancelling the certificates they decided to generate more money for the transfer agent which we now know is related to PAIM's founder so they share the new profit together later?
7- Did PAIM know about this beforehand but instead facing the rage of the certificate holders, they decided to cancel the new common shares via a technical discrepancy and blame it to the brokers?
8- Is this an indication of something coming in the future that only brokers know about and PAIM did not disclose? Are more surprises coming?
9- PAIM gave it to the shareholders time and time again then turned around and stung it's top management employees. Who's next, the new shareholders?
There are many more questions but the most important of all imo is:
10- Is this stock safe to trade anymore in any way or form?
Your money, your decisions.
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