AIG--LETTER TO REPRESENTATIVE JERROLD NADLER
by
salvador rosillo
on Tue 14 Jul 2009 09:59 AM EDT
last year when the recession became apparent and AIG WENT DOWN TO ,39 CENTS, I begun buying AIG stock,with the idea of(buylow ,sell high),
then Aig issued a reverse stock split of 20-1,on the date of the notice to the public,the chairman of AIG issue a press conference about his possible successor,that buried the stock plit in the news,it was premidetated action to decieve,the point is my 14000 shares were diluted to 629 shares at $ 20.00(cutting me off from future capitalization),at the time the stock was $1.46 per share,my shares were worth $20200.00 after the split they were worth $ 11,000.00-today they are worth 9,900.00,
so i lost more than 10,000.00 on the switch,but worse of all, i lost the difference between $1.46 and $20.00= $235000.00 and of course with 629 shares it is imposible to benefit if AIG ever returns to the old price of $90.00--629 shares times $90.00=$56610.00
while 13836 shares at $ 90.00=$ 1245000.00
in effect by changing the rules arbitrarily in mid game,they impoverish me ,rob me of my retirement and left me destitute,when i was following the investment rules to the letter.
AIG should be disbanded they are a pack of thieves shielding themselves with the goverment, first they rob all the minoroties and everybody else with the sub-prime loans,which were targeted to the minorities,then sold around the world,willy neelly,now they turned their attention to the small investors ,like me, i am 72 years opf age,so effectively i lost my retirement,through no fault of my own, while following the capitalist way,only to find out that they are all robbers,cheaters and thieves
worthy of the worst corrupt 3rd world country, while pretending to be an enlighted society,the goverment is in bed with these crooks and they feel they are inmune ,since supposedle they are too big to fall!!! well ,they should fall!!! i need justice!!!!
and to think i could have been killed in vietnam war defending these pack of robbers,traitors,double crossers,but the worst is to see how deep is the goverment behind these scum!!!
SAL ROSILLO
