Comments on: Pinnacle Notes 9 and 10 Default

By: sureesh

sureesh — Mon, 19 Apr 2010 00:12:06 +0000

Dear Worried
In the case of Pinnacle notes, the process is clear cut. In the event of a manditory redemption (which would likely happend) , you will get back only the redemption value as shown on morgan stanley ‘s website. For series 3 and 7, I believe it is only 0.1 percent which means for every $100 you put in, you will get back only 10cents. It is worse tha minibonds.

By: lioninvestor

lioninvestor — Sun, 18 Apr 2010 20:51:49 +0000

A US law firm, Kirby McInerney, has spoken about possible legal action that can be taken in US Courts in connection with the Pinnacle Notes.

Investors will only need to pay Kirby McInerney if they are successful in their law suit and the fee will be based on a percentage of the money recovered from the financial institution that is being sued.

As I understand, the law suit is not against the distributor of the Pinnacle Notes so those who have already settled on a partial compensation with their distributor would still be able to join.

More information here:

http://www.martinlee.sg/pinnacle-notes-legal-action/

By: Worried

Worried — Fri, 19 Mar 2010 13:38:44 +0000

Can anyone advise on what is likely to happen to pinnacles notes now? I’m still holding on to pinnacle notes 3 and 7. Though I’m young and educated and didn’t ask the right questions, is there anything that I can do now to minimise my loss or do i just wait like a lamb that is going to be slaughtered?

Understand that quite a large proportion of the Lehman investers managed to receive some kind of compensation. Am still hopeful that it will not be zero… hard earned money saved over the years.

By: Intheknow

Intheknow — Mon, 25 Jan 2010 05:59:24 +0000

did they use the words principal PROTECTED or GUARANTEED?

By: Eileen

Eileen — Sun, 24 Jan 2010 05:26:14 +0000

unhappy with bank resolution