Hi Kin Lian,
Please post the latest valuation (July24)of the following series of Pinnacles Notes. The situation is now very critical for holders of these notes.
Series 9 & 10 are already kaput, 1 & 3 may be gone too, and 2,6 & 7 are almost worthless at 0.3% or less(they were at 2% a fortnight ago!) and Series 5 at 1.8%, barely alive and hanging by their skin.
Only remaining 4 Series are fairly safe at this time.
Yet MAS unlike its HK counterpart is expecting each and every investor to fight it out on a case-by-case basis with his FI distributor when it has already found the FIs guilty of near-systemic or firm-wide errors and faults. MAS is indeed prescribing a slow and painful death for the investors who are the victims in toiling through processes of complaints, FIDREC and/or legal actions, while the guilty are merely given what is effectively an enforced but cost-free and painless holiday.
In the light of the latest empathetic resolution led by HK's authority, I think the Petition ought to updated appropriately to add more punch.
- ► 2020 (765)
- ► 2019 (1839)
- ► 2018 (1406)
- ► 2017 (1258)
- ► 2016 (828)
- ► 2015 (691)
- ► 2014 (144)
- ► 2013 (501)
- ► 2012 (1269)
- ► 2011 (1873)
- ► 2010 (2369)
07/19 - 07/26
- Develop your mind
- SCMP:Lehman inquiry to call SFC chief again
- Broadcast this message: Petition
- Cheated in a good reputation country
- Where the jobs are
- Health care systems around the world
- Journalists refused to cover the Petition
- Unsightly flyover in the center of town
- Pinnacle Notes - many series in trouble
- CPF Life - does it need to be compulsory?
- SCMP:Minibond decision heartens investors similarl...
- The Standard:Protests ease, investors come to term...
- China Daily:Investors continue minibond fight
- Parliament Answers to Lehman Structure Products - ...
- SCMP:Some sympathy for the devils
- CPF Life
- Coverage of HK settlement
- Minimum wage spurs optimism and debate
- The Emperor's Clothes and Singapore
- SCMP:How swift lobbying ended a dispute that had d...
- SCMP:Legco inquiry to proceed despite agreement on...
- SCMP:The right rules, and the facts to invest prud...
- The Standard:Deal tones down minibond anger
- The Standard:Nightmare nears end
- Blog: Diary of a Singapore Mind
- Help Minibond investors to secure the collateral
- Petition to Prime Minister (5)
- Survey Results: The Emperor's Clothes
- Interesting puzzle
- Q&A US Health Reform
- In South Korea, a new worker's grievance
- SFC, HKMA and 16 banks reach agreement on Minibonds
- The Petition is NOT a futile effort
- Gathering in Hong Lim Park on 22 Aug 09
- Minibond - misconceptions and unfair criticisms
- NY Times: Temasek scraps plan for American chief
- SCMP:Investors want full refund, not 70pc
- Bloomberg: HK banks agree to repurchase Lehman Min...
- Investing in gold
- Investing in a property for rental
- Bird Nest Industry in Kedah, Malaysia
- Personal accident insurance
- Existing whole life policy
- Winners of MySudoku contest
- A Collosal Failure of Common Sense
- Petition to Prime Minister (4)
- NMP Siew Kum Hong expresses his views on the credi...
- SCMP:Treat us the same as minibondvictims, say Oct...
- The Standard:Banks facing China claims
- Kedah, Malaysia
- Petition to Prime Minister (3)
- Financial invention vs Consumer Protection
- SCMP: Clear up the mess
- ▼ 07/19 - 07/26 (53)
- ► 2008 (2104)
- ► 2007 (1803)
- ► 2006 (696)
- ► 2005 (159)