just do like my holdings did over at IDRA and jump 300 percent in about 5 or 6 weeks?? At these prices we are just talking about heading north of 2 bucks or thereabouts. Then I could dump half and recover most of what I paid. Is that too much to ask? eh?
It may not do any good, but I have contacted the SEC and Mr. McCartney's company asking for assistance. The contact at the New York Bank refuses to give me any information, apparently because I don't have the actual stock certificates and therefore I don't show up as an owner of units. Well, who the heck gets their stock certs? That's why Cede and Co. shows as holder of 65 percent of the company. That is just a clearing house holding a couple of three TRILLION dollars of stock certificates. So.... I had no choice. Any trust will decay over time, but that is NOT NOT NOT what is happening here. The "new method" of calculating what EMI owes MIlls seems to be "hey, lets pay them 1/3 of what we used to and what can they do about it? Then, they sell their interest to Citibank, which is an endless maze of finger pointing and I'll transfer you to somebody else. We should still be getting about THREE TIMES WHAT IS BEING PAID. We are being cheated, stolen from, lied to and generally F***ed. I don't like it at all and don't accept it.
I have owned shares/units in this trust since 2005 or 2006 I believe, but I only have records handy for 2008. forward. Some I know have been here longer. Speak up, please. Give or take a few pennies this "trust" ---- what a name, eh? -- paid 3.46 per unit/share in 2009, It paid 3.21 per unit in 2010, It paid 3.33 in 2011, Remember folks these were NOT boom years for the economy and I don't believe that the particular Music we are licensee's or whathaveyou of was THAT much more popular than now, OK?? ALL OF A SUDDEN, in 2012 the units only earn 2.00 and a tiny fraction of a cent. A couple of MILLS actually which in NOT a pun and NOT funny.... OK? Now, All we get told, and the SEC etc get told is that there is a "new" way of calculating what EMI has to pay us.. NO SPECIFICS, NO DETAILS, No ****. Now, I am NOT going to let ANOTHER bunch of scheming no goods STEAL from me. I got ripped off be some foreign companies and had trouble getting any action, but I THINK we have an SEC here and Black President and what is the point of being a guest at the Whitehouse if you can't get any action on something like this???? The Lincoln bedroom is cool, but it's the guy in the OVAL OFFICE that needs to pick up a phone and say why are you ripping off the folk. EH. SOMEBODY with more clout than me must getting ripped off for a lot more $$$$$ than me. SPEAK UP, PEOPLE. My handle here is my email also. Doesn't anybody but me think this STINKS???? Just saying, "there's a new way of calculating what we owe you. We pay you about Half or a third of what we should." DOESN'T cut it. Yes, the song list is old and gradually the fund will pay less and less, but there in nothing gradual about this. I am not accusing ANYBODY. I don't think WE -- the trust -- is guilty. I suspect is the people paying us/them. I don't want to accuse THEM either. YET. I DO know I, you, us, WE deserve an explanation.