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I am sorry to to report that Pentamedia Graphics robbed me?


Day light Robbery by Pentamedia Graphics

SEBI has done lot of reform and stopped entries of FLY
BY NIGHT promoters but those who have entered and
earned lot of money during Y2K stunts and software
boom. They visit SEBI offices of their infuence
and come out smiling to fool investors.

Pentamedia got delisted to come out with scheme of arrangement in which he wanted to give some shares of Mayajal and reduce Face value of old shares from Rs.10 to Rs.1. On 24th April they came out of hiding the FV price was reduced from RS.10 to Rs.1. But quantity of 11000 share remained same, only value has decreased to RS.1/-
I do not believe that SEBI can allow the day light robbery of Ten times investor money. Can any body clarify.

I too had 1000 shares of Pentamedia and am confused to see that the qty of shares in my account remains the same even after the reduction in face value to Rs 1/- from Rs 10/-.
Are they not supposed to increase the number of shares after reducing the face value. Is it legal and permitted by law to maintain the same number of shares. Can some person with the knowledge of company law enlighten us. CAN LIKE MINDED INVESTORS OF PENTAMEDIA WHO FEEL CHEATED JOIN TOGETHER TO FORM A FORUM AND FIGHT AGAINST THE INJUSTICE DONE BY THIS CHOR COMPANY

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