
Tian of Honolulu, HI on Jan. 25, 2003
On July 27, 2001, I purchased 470 shares of Ponte Nossa Acquisition Corp. (PNSA). On August 1, 2001, my account was credited 12220 shares of PNSO from a 26-for-1 stock split of Ponte Nossa Acquisition Corp.(whose symbol changed at that time to PNSO). I didn't know if this is correct and waited till next day, I saw an unusual volume for the stock. Then I decided to sell the stock in order to make a profit.
On August 8, 2001, I bought 2000 shares of the same stock. On the same day, Datek told me that they made a mistake that I was not entitled for the stock split and they had to buy back the stock. Then I contacted the firm, they said I have to pay the firm that I owe to them. They said if I don't do so by the deadline that they gave me, they had to liquidate the other stocks that I still owned at that time.
The manager told me he can deduct some amounts off if I sent them $5000 in 2 days. Then I sent them the $5000 and I still owed them over $7000. Later I saw they didn't duduct some amounts that the manager told me. Then they started charging me interest and liquidate the other stocks that I owned eventually.