Dear Dan,

Everybody seems to be confused, so I did a little research.

I am going to start with 2 topics:

1) Nature of investment. The PNP program you refer to is about an immigrant partner category investment. Partner? How can they be partners if they don't have a clue about each other? If you read the regulations on PNP (just look it up Dan), the program is about active investment, versus passive investment when you place your money with a broker. That is why you have immigrants registered as board members of the investee companies, so that they theoretically can be in a position to affect the direction of the investee company. Our genius Charlottetown lawyers have then advised investee companies to appoint all their close friends and relatives on their board of directors, so that the immigrants, asuming they would be invited to a board meeting ( not knowing each other - lol), their voting right would be easily defeated by a sure majority...So our laywers have used legal techniques to circumvent the regulation on PNP.. Another detail yes: you can be a director on PEI without holding any equity in that company. So it seems that this whole scam is about legal boiler plate work serving political corruption and favouritism.

Read the following topic, it gets better Dan.

2) Program shut down in September

That is not true, unless the province decided on its own accord to wind its program down. In fact, September 2nd is when the new regulatory framework to ensure active investment related to the PNP comes into force. Click on the link below, and you will find out where the bypass of the law took place on PEI. Ottawa never shut the PEI PNP down!!!

If you read the link below, Ottawa, at least the bureaucrats, gave PEI a clear warning.
What did provincial Liberals and federal Conservatives have to say about this?

http://canadagazette.gc.ca/partI/2008/20080308/html/regle1-e.html