Hi Everyone,
At the time MTPM became inactive on 11/12,due to the R/S and name change to MTPH, the pps was .02. I had 19,600 shares. I was down over 70% from my original pps but still had a few hundred dollars of my investment remaining.
On 11/19, the conversion was made in my online account. I now have 39 shares at .25 ps. for a total value of 9.75! I understand and accept the risk in this kind of investing, but how can a corporation just take the remainder of my investment?
I called my broker, TD Ameritrade, and they could confirm the accuracy of the numbers but offered no other assistance. I did get the phone number for Mitopharm Corporation and also for the SEC. I wanted to post those here for anyone else who wants to contact the company or file a complaint with the SEC.
Mitopharm Corporation
601 Union Street
Suite 4500
Seattle, WA 98101
ph. 206-838-9739
When I called during business hours, I got a recording (of course), directing my call to:
Robert Adams, Corporate PR Consultant
713-401-9333
The SEC:
Office of Investor Education and Assistance
US Securities and Exchange Commission
100 F Street NE
Washington, DC 20549-0213
1-800-732-0330
www.sec.gov
I called Mitopharm and then left a voice mail for Robert Adams. I also called the SEC, got a recorded message directing me to the website where I downloaded a complaint form which I filled out on line, printed a copy for myself and then sent to the SEC electronically.
I'm hoping other people do the same. This is pretty outrageous to me and it sure seems there should be some recourse. If anyone has any further ideas, please let us all know. Thanks and GL,
Meg
