>***You must be new. Sending in the certs has reduced the float here. Something that needed to be done if any kind of decent run was to be had here.
Um ... OK; so that's the theory. But has there really been "any kind of a decent run" on the stock of the rest of the float? When will that kick in, I wonder?
>***No it wouldn't. Those certs were turned in with power forms. The company has every right to do with them as they wish. Who's going to know if they turned them in or not. The fundacion is private. No one will ever get to account for those shares ever.
If the deal is that the company promises to take care of the
interests of the fundacion members (who own PDRs), then the
doesn't have the "right" to break that promise just because
the certs were turned in with power forms.
I don't disagree, however, that if it is a scam, the
privacy and cert ownership gives them an advantage to
abuse.
>***Again you are wrong. They wouldn't be dealing with stolen stocks. MT and Pedro cannot sell their own stock without filing form 144. It would thogh be very easy for them to sell the certs that were turned in. If anyone ever asked for their certs back Pedro or MT could just give them some of theirs.
OK - because people sent them in, they weren't 'stolen' as
though they broke into some bank vault and took them away.
But since the deal is that the fundacion claims that it
will hold the certs that back the PDRs, selling the certs
out from under the PDRs is stealing. It's just a
technicality that the supposed theft would be possible because
the certs where signed over to them. If that is the scam,
the fraud, to sell the certs sent in by PDR buyers, how
is that not stealing?
AI
