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Pimco New York Municipal Income Fund III V.PYN


Primary Symbol: PYN

PIMCO New York Municipal Income Fund III (the Fund) is a non-diversified closed-end management investment company. The Fund's primary investment objective is to seek to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal, New York State and New York City income. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund also invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality. Pacific Investment Management Company LLC (PIMCO) serves as the Fund's investment manager.


NYSE:PYN - Post by User

Comment by bugoffon Jan 25, 2013 10:44pm
172 Views
Post# 20893266

RE: RE: RE: Speak to my Lawyer Bugoff not to me

RE: RE: RE: Speak to my Lawyer Bugoff not to me

Ok, I"ll play the devil's advocate for you... I'm AO and I stated that the company is in a strong position... but to me a strong position can be "market leader", upcoming contract, perceived strength in IP; it could be construed in amy different ways. IMHO, as long as the company has a safe harbour clause (which they did), you will never win a law suit.

Don't get me wrong, go ahead and try, but I hate the idea of someone posting one day that they are, then the next day they aren't then they change the position again to suing the Alberta court system, yadda, yadda, yadda...

A good lawyer will tell you that you don't have more than 1/2 of one percent of a chance to win. 

You have to admit, I was right from day one on this. Even when ppl were saying that it was a good stock, I cautioned people about it. Then I told you what would happen once the company's stock was halted. Then I was right about the dispersal (if you want to call it that). And I can tell you right now that I'm right again.

I have no vested interest in saying one way or the other... and I have no reason to lie. There has been more people than I who have told this BB what to expect and those views and experiences from other stocks are and have been ignored.

Go ahead and sue, but you're throwing good money after bad, because AO or anyone else has already hidden their assets from the Court system, and "Poynt" the company is what they call a shell company now; it has a trading number, but no assets, no IP, no admin., no nothing... and even IF someone could be sued to regain lost assets or cash, the unsecured lenders would have already beaten you to the punch.

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