Just rec'd written communique from my brokerage, by a titular Dept. Head who e*signed it this e* complete with his official sig file/title.
He used this phrasing, ".......since this was not a normal spin-off with an "ex-date and a record date"....yadda yadda.
This just keeps getting more and more wierd. Since these shares have showed up in my account as part of the jumbo cert. by cusip number in Balances/Positions tab, I was told TODAY they have no value. Furthermore, I was invited to call the brokerage and speak to a live person in X-Department, and get these removed from my account.
This is getting more and more contorted and convoluted by the minute.
Considering 1)
the TWO RECENT "fire sales-- 10c for 3mil + 7c for 2mil of VGLD" datum--as evidenced in this AM's SC 13D/13DA filings--and conducted "Away From The Market" which only has an avg daily volume of 7,000 shares,
Coupled with 2)
the reality of an earlier private restricted shares (5 mil?) sale Honig participated in just days after the CRGC--> PGLC SPINOFF RECORD DATE of 3.1, which was below market value,
...Lawyer Alfers' led mgmt team is giving the appearance of attempting fund raising legerdemaine; and at increasingly downward spiral in pricing points, obviously with lower net proceeds' results.
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