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Author Topic: JPHC/PAIV/PAVC Info
Igor R
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^^^ Bump for the Q
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Jo4321
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Paivis, Corp. Provides Update on Stock Transfer Agent Transition

Last update: 5/8/2007 1:27:30 PMATLANTA, May 08, 2007 (BUSINESS WIRE) -- Paivis, Corp. (Paivis or the Company) (PAVC) is updating its shareholders on certain corporate activities and developments related to its continuing efforts to take remedial action against its former stock transfer agent and to enable the new stock transfer agent to commence agency activities on the Company's behalf.

The Company has completed its transition to the new transfer agent, Corporate Stock Transfer, Denver, Colorado; they are now able to fully commence agency activities on the Company's behalf and already have done so. Paivis' new stock-transfer agent has confirmed to the Company that it has obtained all necessary stock-transfer records. The new stock transfer agent has also made significant headway in clearing up the issues at hand and will deal with any additional issues as they arise; management anticipates that the delays and confusion that the Company's shareholders have experienced since its merger with Jupiter Global Holdings Corp. (Jupiter) should be alleviated within the next 10 business days.

Specifically, Paivis' management requests that the former shareholders of Jupiter notify their broker-dealer to contact Corporate Stock Transfer, the new stock transfer agent, to aid in expediting the delivery of their replacement Paivis certificates.

A number of broker-dealers have not yet contacted the new transfer agent despite communication that has been made on behalf of the Company. Any further delays in communication and cooperation from the broker-dealers representing Jupiter shareholders may result in additional setbacks in issuing replacement Paivis shares to the shareholders of those broker-dealers.

The Company is working closely to execute all open matters related to the issuance of certificates and expects the process to be completed within the next 10 business days. Shares of the Company's common stock issued and delivered after December 29, 2006 counter-signed by Executive Registrar are deemed to be unauthorized and will be canceled when presented to the new stock transfer agent, as that is the effective date of termination of Executive Registrar as the Company's agent. This does not mean the Company's shareholders will not receive all shares they are entitled to; rather it means that the Company's terminated stock transfer agent had no legal authority to issue shares after December 29, 2006.

The Company wishes to thank all of its shareholders for their patience and understanding, and it will continue to serve its shareholders with the same diligence it has used to remedy these problems. Management has determined that the issues that have arisen from the Company's former stock transfer agent required aggressive corrective measures in order to protect the integrity of its stock transfer and issuance records. Management looks forward to aggressively move the Company ahead on its corporate and operational goals for the benefit of the Corporation and in adding value for its shareholders.

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"Great Day for Up!"....Dr. Seuss

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Gary59
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I still have not recieved shares but something is up reg share price is going down now at
.55 x .60

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Jo4321
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Probably just as more people receive their shares, they go ahead and immediately sell them.

(which is what I SHOULD have done)

Jo

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EverGreen
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Paivis shares are physically delivered and are restricted

Maybe they are selling the round up shares

quote:
Originally posted by Jo4321:
Probably just as more people receive their shares, they go ahead and immediately sell them.

(which is what I SHOULD have done)

Jo


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PCola77
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That's what she's saying EverGreen.

Anyone get their restricted shares yet? I have not.

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Jo4321
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yeah, that's what I meant, the round-up shares.

Jo

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Gary59
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I have still been trying to get information on the certs and left messages but nothing yet ..
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PCola77
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Woo hoo, it's up 80% today. Now only down like 99.999999999% since the fall [Wink]


Still no restricted share certificate for me...

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metal1
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just got my shares yesterday. they are restricted so i need to fill out some forms before i can sell them. it was so long ago i totally forgot i had those coming. LOL.

05/22/2007 2057.0000 PAVC PAIVIS CORPORATION NEW
type: SHRS.RECEIVED-IN

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PCola77
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You get them as hard copies, or with a broker? If a broker, which one?

Thanks!

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metal1
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in my account with instuction to contact the restricted stock dept ( and fill out and mail some forms) if i want to sell them. i haven't contacted the restricted stock Dept yet so i'm not sure if i really can sell them or not. though Schwab.
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PCola77
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Cool. Hope it works out!
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BLACKBEARD
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no converted jphc/paiv shares here yet

--------------------
PREPARE TO BE BOARDED

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no_patience
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Gentlemen,

It been a while. I am waiting for my boatload of restricted shares too. What a fiasco.

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Pay attention.... Focus

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metal1
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quote:
Originally posted by metal1:
in my account with instuction to contact the restricted stock dept ( and fill out and mail some forms) if i want to sell them. i haven't contacted the restricted stock Dept yet so i'm not sure if i really can sell them or not. though Schwab.

so i contacted the rest stock dept and they normally don't even accept restricted stock under $1 but it made it to my account anyways. no, i can't sell it because yes, they are unregistered. they said i could possibly get a determination letter from the company. that could be a waste of time and the shares may never be registered anyways. i guess i'll just let them sit in my account just in case they ever register the shares. highly unlikely. it's only $1000 worth of stock anyways so oh well
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PCola77
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Anyone have any updates on this one? Price has steadily gone up from like .28 last week to $1.24 right now. The high was a split-adjusted $57, so this is still down a ton, but I can't figure out why it would be RISING, when all indications are that restricted shares will be able to be sold soon, and the market should be flooded with new shares at that point. Just can't get my hands around why this would be up like 400% in the last week.

Anyone with any ideas?

FWIW, I still haven't gotten my restricted shares.

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Jo4321
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Because I sold it.

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"Great Day for Up!"....Dr. Seuss

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Igor R
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Yea me too. I finally got my round up shares and sold them for .65, and course its doubled since then.
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PCola77
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Well, I now have like $30,000 worth of restricted shares, so Igor, if I can sell them anywhere near this price, I'll send you a check for $65 so you don't feel so bad [Smile]
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no_patience
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Question - Which transfer agent can I call to make sure I am on the list. no patience has no more.

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Pay attention.... Focus

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no_patience
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Wait my bad. I jost spoke to Diane at the Denver corp Stock company who said that the Ameritrade stuff should process by this Friday.

It only took 5 minutes on the phone! (This time) (303) 282-4800

Goto wait and see what happens. It has been about a year, how long were these restricted for?

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Pay attention.... Focus

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PCola77
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I thikn the ruls is after 1 year you have to fill out some forms and pay your broker like $250 to file them, or wait 2 years and they become free trading. Don't quote me on that, but I think that's what it is./ And it's been over a year now, so I thikn as soon as you get them you can start the paperwork to get them free tarding. That's what I'm trying to get accomplished (well, that's what I'll be trying to do next week when i have some free time)
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Gary59
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I Just called to check on my shares and the # 303-282-4800 is not in service..
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no_patience
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quote:
Originally posted by Gary59:
I Just called to check on my shares and the # 303-282-4800 is not in service..

Hey, I just tried again from FL and they were there ....

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Pay attention.... Focus

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PCola77
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http://corporatestock.com/contact.html
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Gary59
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I tried again and it went through I spoke to Diane as well and since I am with Scottrade they sent those shares direct to Scottrade last week so now it is up to Scottrade to put the shares back into my acc.
I also asked Diane ifthe shares will be restricted and if so how much longer her reply was it will all be up to Scottrade as to how and when they release my shares to me.
And she said something that they will be under a rule #144 regulation about how they will be traded,
Now I need to call Scottrade and find out what rule #144 is as well..
Well its getting a little more like we might see some shares come back...

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Gary59
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Well if I get my shares I will get back 1155 shares after the 500k shares that I had for $509.00 invested IF I could trade today would be $1420.00 BUT still dont have shares to sell...
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metal1
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so has anyone been able to sell their restricted shares?
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Gary59
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Here is my response from Scottrade about PAVC shares..

Dear Client:
Thank you for your email. The certificates for shares of PAVC were
finally delivered this week to Scottrade. It still may take a few weeks
for us to sort out the shares and mail them out to clients.

We thank you for your patience.

Please let us know if we can be of further assistance.


Sincerely,

Carlton H.

Scottrade Financial Services, Inc

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metal1
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so Scottrade won't even hold them for you? Schwab didn't want to hold them for me but my account balance is high enough so they will still keep them for me. I didn't really want the paper certs. so i guess these will still be restricted for a while, maybe forever, LOL
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PCola77
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Thanks for the info Gary, much appreciated.

quote:
Originally posted by Gary59:
Here is my response from Scottrade about PAVC shares..

Dear Client:
Thank you for your email. The certificates for shares of PAVC were
finally delivered this week to Scottrade. It still may take a few weeks
for us to sort out the shares and mail them out to clients.

We thank you for your patience.

Please let us know if we can be of further assistance.


Sincerely,

Carlton H.

Scottrade Financial Services, Inc


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Gary59
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I emailed back to them about them holding the certs instede of sending them back to me, I told them it does not make sense to me for them to mail them to me so I can mail them back for them to put them into my account,,That friggin stupid..
And I asked how long the certs will be restricted if they have to send them to me but according to when this whole thing took place it would only be 1 year and has already been 1 year so the restriction should be lifted by now /.;.
SO keep the certs in my account and let me sell them , holy snott there batman...

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Chad
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is there a way to confirm that the new transfer agent got our shares from Scottrade?

I checked my account, but dont have anything in there, nor no messages from Scottrade.

I'm going to shoot them an email and see if they have received anything to do with my restricted shares.

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metal1
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as far as i can tell from the old press release it's not a one year restriction. these are unregistered securities and will remain restricted until they are either registered or they get a legal determination that they get an exemption from registration. I can't see either of those things happening which is probably why brokers don't want to hold the certs. i have been wrong before though.

http://biz.yahoo.com/iw/060629/0140620.html

from this release:
The Merger Agreement provides that the Merger Shares will not be registered under the Securities Act, or the securities laws of any state, and absent an exemption from registration contained in such laws, cannot be transferred, hypothecated, sold or otherwise disposed of until; (i) a registration statement with respect to such securities is declared effective under the Securities Act, or (ii) PAIVIS receives an opinion of counsel for PAIVIS that an exemption from the registration requirements of the Securities Act is available.

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