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was StockSniper

11/29/07 11:53 AM

#95248 RE: PennyHoper #95193

The foundation holds assets in TRUST for it's beneficiaries.
That simple statement is much bigger that Mike Terrell and Panamersa co.
Panamanian Foundations are strictly regulated by the Panamanian Government. Panama is quickly becoming a financial hub which is driving development and huge investment dollars into Panama. How could anyone with any sense, think Panama will jeopardize it's economic future by allowing the investors of Panamersa Co. to be cheated out of their money? Ridiculous!
Besides that....
Just because we sent our certs to PNMS in Dallas does not make MT the keeper of the certs. Those certs were promptly turned over to the foundation and PDRs quickly put in our accts. If we never got our PDRs I would have worried....but we did.
And besides all that....
We have been told several times...if we want out we can immediately get out and our certs will be returned.
The whiners who actually own PDRs want the arbitrage but don't want to wait....that is their agenda...pure greed and impatience!
They say the PDR ex. is a scam....but they either don't own PDRs or won't request their certs.....many don't even own shares! Disingenuous at best! At worst...you fill in that blank...
SS