SENTINEL MANAGEMENT SEEKS TO HALT REDEMPTIONS

August 15th, 2007

Another crap shoot ponzi scheme gamble headed down the gurgler.

Via: Reuters:

Sentinel, a money market mutual fund firm for commodities, has asked the U.S. Commodities Futures Trading Commission to allow it to halt client redemptions until it can conduct them in an orderly fashion, CNBC television reported on Tuesday.

“We had previously thought the market would return to some semblance of order and that our clients would not join in the panic,” Sentinel wrote in a letter to clients CNBC said it had obtained. “Unfortunately this has not been the case.”

Sentinel officials were not immediately available for comment.

Posted in Economy | Top Of Page

2 Responses to “SENTINEL MANAGEMENT SEEKS TO HALT REDEMPTIONS”

  1. Eileen says:
    August 15, 2007 at 3:44 am

    Right. Let’s behave now, and line up in an orderly fashion for the gas chamber.

  2. DrFix says:
    August 17, 2007 at 12:41 am

    No. It means that management wants their cut and bonuses before jumping ship and leaving everyone else to go down with it.

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