As the resident bagholder of JPHC, I figured I'd get the ball rolling.
In just 52 short weeks we'll all be rich! Posted by no_patience on :
Being a bagholder could be OK. Sometimes bagholders make good tips.
Paper or plastic?
Posted by PCola77 on :
I prefer both. You know, convenience of handles, strength of paper?
Posted by TickTrader on :
lol
ummm... paper, please, it's easier to digest and may have some nutritional value.
Posted by scfraser1 on :
It's going to a long year or two in here.
Posted by Gary59 on :
Ok ,,, my name is Gary and I am a bagholder,,, It has been 2 weeks since my last meeting I swear I have been trying real hard not to be caught holding the bag but I just cant help it ,,, Looks like every time I try to stop getting caught holding the bag another too good too be true sub comes along and there I go again ,, Just wanted to say I do need Help with this obsession..... OK who is going to be my sponsor ,, I need phone #s so I can call and be talked outta getting in to these again.. Posted by no_patience on :
Sometimes I put garbage in a bag and throw it away.
I thought I may be carrying my gold in this bag, maybe we all will in time.
When was the last time you counted to 10 million?
What is 10 million pennies worth?
Ocassionally, great minds come together. Give them a little time to execute their plan and see how it works. How much time? How about a year....
What does the stock price need to be to get on the real trading floor? Reverse splits? ....
Excerpt -----------------------------
In an effort to prepare the Company for a plan to pursue a listing on NASDAQ or AMEX, the Company has commenced the implementation of an extensive corporate development plan. The Company's new management feels it is important to make quick decisions that will enhance the corporate structure and Paivis' ability to produce growth and earnings. The corporate development plans will include but not be limited to the following: BLAH BLAH BLAH.
One good thing about the restricted shares. The gain won't be taxed as short
Good luck all.
Posted by no_patience on :
Hey PCola77,
How are things up there since the hurricanes? I used to live up there back when....But your reg says PA?
Posted by PCola77 on :
Lol, I get that all the time. PCola is a play on my name, not anything to do with Pensacola. Had this username since like 1993 for everything from Instant Messaging to e-mail to online poker, etc. I've never even been to Pensacola!
quote:Originally posted by no_patience: Hey PCola77,
How are things up there since the hurricanes? I used to live up there back when....But your reg says PA?
Posted by TickTrader on :
no_patience, you should consider a name change!
Macro rules now. I don't find anything to complain about there. Once the dust settles, I plan to get a good position started on this. Nothing concrete yet about restricted shares. As far as I'm concerned, bound shares don't exist (until they do or die).
Recently private company, it will be interesting to see if Macro knows the rules (and rule breakers) by being a publicly traded company. So far, they have roared.
And please, everybody, give Gary a hug!
Posted by skysthelimit on :
Just for Reference, the following links are the old Threads for JPHC:
Are you guys millionaires yet?
Posted by skysthelimit on :
YES! Come and Join us! Posted by Repoman75 on :
Eh, no.
Posted by Impat on :
It's like a gun with one bullet...
Posted by Jester37 on :
dam............
Posted by Hannibull on :
well at least they weren't restricted
Posted by Repoman75 on :
Shares are NOT restricted now?
Posted by dkinvest on :
PAIV symbol is PALVIS CORP...I thought that PAIVIS symbol was PAIV?
BTW, PAIV is tanking today. WTF?????????
Posted by Hannibull on :
I'm serious, I forgot to sell my JPHCs and I got PAIV shares in my ameritrade account, and was able to sell them 15 minutes ago
Posted by NEL on :
I wish I would have known that when they were at .0015 this morning? Damn
Posted by Repoman75 on :
Can anyone confirm what Hannibull is saying??
What the F is going on here? Clusterf***!
Posted by NEL on :
My Fidelity account still shows JPHC no new shares yet...guess I can't sell yet!
Posted by NomarKash on :
Paivis, Corp. (Formerly Known as APO Health, Inc.) Announces Corporate Development Plans and New Ticker Symbol - PAIV Thursday May 18, 4:08 pm ET
ATLANTA, GA--(MARKET WIRE)--May 18, 2006 -- Paivis, Corp. (formerly known as APO Health, Inc.) ("PAIVIS" or the "Company") (OTC BB:APOA.OB - News) today announces corporate development plans, and effective Friday May 19, 2006 Paivis will have a new ticker symbol, (OTC BB:PAIV.OB - News). ADVERTISEMENT
In an effort to prepare the Company for a plan to pursue a listing on NASDAQ or AMEX, the Company has commenced the implementation of an extensive corporate development plan. The Company's new management feels it is important to make quick decisions that will enhance the corporate structure and Paivis' ability to produce growth and earnings. The corporate development plans will include but not be limited to the following:
The re-development of the Company's business plan that, once complete, will showcase a streamlining of the Company's business lines and strategy around prepaid technologies and telecom-based services. Paivis plans for a reduction of debt through numerous efforts, including the recent sale of the APO Health subsidiary. This sale not only reduced significant liabilities from the Company's balance sheet, but will also save the Company exposure to multimillion dollar lawsuits that were pending against that entity.
The Company's new management and board of directors have decided there will be no spin-off of its entertainment interests. Instead the entertainment interests will be restructured or divested in due course, if viable. Paivis also plans to execute a reorganization of the Company's corporate holding structure whereby any dormant or non-performing business units or subsidiaries will be divested or discontinued and dissolved when feasible. The Company plans to additionally focus on securing financing to fund growth and acquisitions.
In addition, new management team executives will be brought in, along with new advisors and board members. Furthermore, the Company will implement a comprehensive corporate governance plan to guide the management and board in reaching its business and operational goals.
Gregory L. Bauer, New President and Chief Executive Officer of Paivis, commented: "We plan to work diligently to achieve a listing on NASDAQ or other securities exchange such as AMEX and our corporate development plans will be a key aspect in achieving that goal. We look forward to activating our plan and believe its successful execution will reap significant benefits over the long term for the Company and its shareholders."
Although the Company's plans include making application for a listing on a national securities exchange in the future, no assurances can be given that any listing application will be approved or that the Company will meet the listing criteria for such applications in the future.
The Private Securities Litigation Reform Act of 1995 (the "PLSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
Contact: For more PAIVIS information please contact: Paivis Shareholder Services Phone: 800-963-6471
-------------------------------------------------------------------------------- Source: Paivis, Corp.
Posted by PCola77 on :
My Scottrade also shows untradable JPHC shares.
Yikes. Cluster**** is the right word Repo
Posted by dkinvest on :
Scottrade is showing JPHC shares still in my account, no PAIV.....Damn Scottrade has PAIV listed as PALVIS CORP, not PAIVIS. I will be pretty pissed if these PAIV shares are not restricted and scottrade is dragging their asses updating my account.
Can anyone confirm conversion and being able to sell???
Posted by Hannibull on :
huh?? how is that possible that you can't sell them?? I'm not lying here, I sold them at 0.0012, if you don't believe me I'll take a screenshot of my order status page at ameritrade
in fact I'll do that right now
Posted by dkinvest on :
quote:Originally posted by Hannibull: huh?? how is that possible that you can't sell them?? I'm not lying here, I sold them at 0.0012, if you don't believe me I'll take a screenshot of my order status page at ameritrade
in fact I'll do that right now
Did you originally have JPHC or APOA shares?
Posted by NomarKash on :
.0007 holy sheet~!
Posted by Hannibull on :
I had JPHC shares originally, no APOA's
Posted by NEL on :
Now down to .0007, great for you Hannibull to get the sell at .0012
Posted by Repoman75 on :
.0008... why do you guys use piker brokerages like Scottrade or Etrade?
Ameritrade is best.
Posted by NEL on :
I've been trying to decide on a new broker, hard to make the decision!
Posted by PCola77 on :
I had no idea that there could be that kind of difference. Looks like I should have bought more yesterday at .0003, woulda made a quick double Alas, I think I'll wait for things to calm down and see what Scottrade has to say
quote:Originally posted by Repoman75: .0008... why do you guys use piker brokerages like Scottrade or Etrade?
Ameritrade is best.
Posted by Hannibull on :
I only had 100,000 shares because I bought them at like 0.0012 (only $120) so I only got like $60 out of this lol, but aside from that my point is they were NOT restricted. I don't understand why JPHC told some people per email or on the phone that they would be restricted...
Maybe not such a bad thing t keep after all. Even at .001 (now) I am green 18%.
Posted by Repoman75 on :
This is insanity.. you could have loaded the boat at .0003 and .0004 and made 300% in 1 day.
Posted by NomarKash on :
quote:Originally posted by PCola77: I had no idea that there could be that kind of difference. Looks like I should have bought more yesterday at .0003, woulda made a quick double Alas, I think I'll wait for things to calm down and see what Scottrade has to say
quote:Originally posted by Repoman75: .0008... why do you guys use piker brokerages like Scottrade or Etrade?
Ameritrade is best.
The shares were converted were they not? Its not like if you had 1 Million of JPHC shares you have 1 Million of PAIV shares today right?
Posted by Repoman75 on :
You had more I thought!
Posted by NEL on :
After the share trade I have 924,640 shares
Posted by Repoman75 on :
Nel, what did you have before?
Posted by NEL on :
The conversion was 1 share JPHC for .46XX PAIV
Posted by Hannibull on :
are you talking to me Repoman? I had more but sold along the way down and had 100,000 shares left, that was only $120 originally so my loss is minimal, but yah if you had bought at 0.0003 this could've been a gain
Posted by NEL on :
PR says approx .46232 shares of APOA for each share of JPHC
Posted by Repoman75 on :
If it was 1 for .46, then right now you could have made like 50% gain - pure ARBITRAGE.
F my azz!
Posted by NEL on :
I had 2,000,000 shares pretty much bought at the height of JPHC so no 50% gain for me!
Posted by Repoman75 on :
Well yea, I wasn't referring if you held JPHC at .001 or anything... bagholders got screwed.. but traders made a fortune.
Posted by nomed on :
I think ol' Hannibull slipped through a crack in Ameritrade. My Scottrade JPHC are restricted. Lucky you Hann!!!
Posted by TickTrader on :
1M jphc sh turned into 462,320 paiv sh
pre-open trade at .006 (? I think), downhill since then.
They are not restricted via Ameritrade. Keeping what I got and waiting to add more when this tank is over.
Posted by PCola77 on :
LOL, this was a disaster for everyone!
Here's the deal for anyone still holding. Take your average price bought in at (in my case .001) and divide by .462 and you have the exit price that will allow you to break even. In my case this is .0022.
Since it's currently trading at .0012 and seems to be on a small upswing, I'm down 50% in total, as opposed to the 80% that I was down yesterday (I would have had to sell at .0002).
Still bad, but not as bad as it could have been.
Of course this is all predicated on me actually SELLING at .0011, and I'm still not sure what I plan to do.
Posted by NomarKash on :
and NEL how many did you have before?
Posted by Repoman75 on :
Wait a minute. Why doesn't someone call Scottrade and tell them to unrestrict the stock? Speak to their Reorg dept.
If they really are supposed to be restricted and Ameritrade screwed up, all of your trades will be broken.
Posted by HurricaneBob on :
etrade will not post shares till monday
Posted by HurricaneBob on :
any info on the scottrade call would be appreciated
Posted by nomed on :
quote:Originally posted by Repoman75: Wait a minute. Why doesn't someone call Scottrade and tell them to unrestrict the stock? Speak to their Reorg dept.
If they really are supposed to be restricted and Ameritrade screwed up, all of your trades will be broken.
Broken trades? Will they ask for the money back? May want to wait Hannibull, Ameritrade may come callin!!! Posted by cowlowski on :
I called scottrade and they said it will be monday when they get the shares of apoa and then maybe another couple days for the name change to paiv... this seems pretty half ass in my opinion if this guy already sold his stuff. Bottom line...i've been wanting a new broker now I'll get one.
Posted by Repoman75 on :
They won't ask, they'll just TAKE the proceeds and give you back your shares... again, only if they are supposed to be restricted.
If they are NOT supposed to be restricted, then all of you Scottrade people should be b1tcing right now if you want to sell. They are merely incompetent in updating their systems. They can take a contigent trade if they wanted to until they update their systems. This Tues. BS is BS.
Posted by amswap on :
Agreed Repo. I'm getting a little tired of it and plan to move on from Scottrade.
Posted by Repoman75 on :
Dude, share price is moving up! Scottrade is screwing you! They are LYING! It has nothing to do with having shares.
Like I've said in the past, I was a broker (Series 7,63,24,4,55,53 licensed) and worked at Datek (now Ameritrade). When stock symbols change, the Reorg dept. just had to update all accounts in the system.
Scottrade is feeding you a whole lot of BS.
Posted by Hannibull on :
quote:Originally posted by nomed:
quote:Originally posted by Repoman75: Wait a minute. Why doesn't someone call Scottrade and tell them to unrestrict the stock? Speak to their Reorg dept.
If they really are supposed to be restricted and Ameritrade screwed up, all of your trades will be broken.
Broken trades? Will they ask for the money back? May want to wait Hannibull, Ameritrade may come callin!!!
What are you talking about, they're going to punish me because they MIGHT have made a small mistake, over something as small as $60? lol
Posted by Repoman75 on :
Hannibul, it's not punishing, its the law. If those shares are supposed to be restricted, the broker can't allow you to sell.
Posted by amswap on :
OK - I sent Scottrade an email just now. If you use them and they fail to respond, I hope you'll do what I plan to do and move my account ot Ameritrade. Here's what I sent them:
Many of us are discussing the JPHC merger and the changing of our shares to APOA and PAIV, whatever it is supposed to be. We got this from a former broker: "Dude, share price is moving up! Scottrade is screwing you! They are LYING! It has nothing to do with having shares.
Like I've said in the past, I was a broker (Series 7,63,24,4,55,53 licensed) and worked at Datek (now Ameritrade). When stock symbols change, the Reorg dept. just had to update all accounts in the system.
Scottrade is feeding you a whole lot of BS."
Is this correct? I have another trading account and if this is indeed the case, please expect me to move by business away from Scottrade. I will investigate further and if it can be done immediately, I suggest it be taken care of immediately or a number of clients will find another broker.
Posted by dkinvest on :
quote:Originally posted by Repoman75: Dude, share price is moving up! Scottrade is screwing you! They are LYING! It has nothing to do with having shares.
Like I've said in the past, I was a broker (Series 7,63,24,4,55,53 licensed) and worked at Datek (now Ameritrade). When stock symbols change, the Reorg dept. just had to update all accounts in the system.
Scottrade is feeding you a whole lot of BS.
Rodger Riney is friggin azz pounding me. Posted by Repoman75 on :
Good job. But I would have called them... they use canned responses when answering e-mails... keeps productivity up.
Posted by amswap on :
I need a greamlin for this (how about it dk?), but sometimes you gotta grab them by the b....s and force them to do something. Anytime I call, I get someone who doesn't speak english well enough for me to get my point across.
Posted by Fuzzy1018 on :
if the shares are restricted, can you still put in a sell order or will it be rejected?
I have an open sell order right now, does that mean anything?
Thanks
Posted by Repoman75 on :
Fuzzy, who is your broker?
Posted by cowlowski on :
Does anyone know if ameritrade charges a fee for trading stocks under a certain price or for a large number of shares?
Posted by Fuzzy1018 on :
mytradz
Posted by Hannibull on :
cowlowski, not to my knowledge no, just a flat fee of 9.99 per trade
Posted by Repoman75 on :
I don't know what to tell you guys... either you should ALL be able to sell, or no one. Period.
Posted by skysthelimit on :
I am out of this one. I was able to sell through TD-Ameritrade. Good Luck to you all! Posted by sportsguy on :
What did you sell, APOA, PAIV, or JPHC? I'm totally confused. All I have is 'NA' for JPHC shares in my account.
Posted by Hannibull on :
sportsguy, on ameritrade the JPHC shares turned into PAIV this morning, there was no more JPHC shares to be found
Posted by PCola77 on :
Ok, I just got off the phone with Scottrade. The guy said he could put the trade through for me now, but I was responsible for any problems, like if the conditions of the merger changed. Not sure what would happen to me if the shares were restricted that I sold.
If you want to sell, call your local Scottrade office and see if they can do the same for you.
I got out at .001, and of course it's now up to .0013 Oh well, just glad to have the funds freed up again. Chalk this 50% loss up to being greedy for a "sure thing".
Posted by amswap on :
OK - I got the first reponse from them. I asked them again and will post their reply when I get it. Here is the latest:
Then please explain why Ameritrade has already given their clients the correct shares and they are already able to trade their shares? If one can trade then we should all be able to trade. Please explain how this can happen and whether it is a matter of which brokerage is more qualified to respond to their shareholders in a timely manner. I will be letting many other shareholders view your previous and future response and they will decide if scottrade is help or hindrance to their trading needs. So far, with the discussion I've seen, Scottrade is very slow to put mergers and other items into place at a reasonable time. I believe the SEC should also be made aware that some brokerage houses immediately take care of their clients and some give excuses. Which does Scottrade wish to be viewed? I await your response.
----- Original Message ----- From: "Scottrade Customer Support" <support*scottrade.com> To: <_______*comcast.net> Sent: Friday, May 19, 2006 9:53 AM Subject: RE: Trading
Dear Investor,
Thank you for your email. Scottrade does not credit money or stock until we have received it from the Depository Trust Company. You can sell the new shares you are entitled to but you will need to contact your local branch. You will also be held responsible to calculate the shares you are entitled to and if the rate or amount is changed you will be required to cover the difference. Scottrade is not restricting you from selling your shares if you so desire. We simply do not credit the shares until received because companies may change the terms of the offer.
Please let us know if you have any further questions. ----- Sincerely, Charlie M. > Scottrade has been named Highest in Investor Satisfaction With Online Trading Services Six Times in a Row by J.D. Power and Associates. For award information, visit www.jdpower.com.
-----Original Message----- From: ___*comcast.net [mailto:___*comcast.net] Sent: Friday, May 19, 2006 9:46 AM To: Scottrade Customer Support Subject: Trading
Many of us are discussing the JPHC merger and the changing of our shares to APOA and PAIV, whatever it is supposed to be. We got this from a former broker: "Dude, share price is moving up! Scottrade is screwing you! They are LYING! It has nothing to do with having shares.
Like I've said in the past, I was a broker (Series 7,63,24,4,55,53 licensed) and worked at Datek (now Ameritrade). When stock symbols change, the Reorg dept. just had to update all accounts in the system.
Scottrade is feeding you a whole lot of BS."
Is this correct? I have another trading account and if this is indeed the case, please expect me to move by business away from Scottrade. I will investigate further and if it can be done immediately, I suggest it be taken care of immediately or a number of clients will find another broker.
Posted by nomed on :
Dear Investor,
Thank you for your email. Scottrade does not credit money or stock until we have received it from the Depository Trust Company. You can sell the new shares you are entitled to but you will need to contact your local branch. You will also be held responsible to calculate the shares you are entitled to and if the rate or amount is changed you will be required to cover the difference. Scottrade is not restricting you from selling your shares if you so desire. We simply do not credit the shares until received because companies may change the terms of the offer.
Ummm, mabey the Ameritrade people should check with their brokers, just to protect themselfs....
Posted by wildweb on :
F...I am still holding, I have a feeling about this company being macro now. I could be wrong, if so its only $1300 I lose. Its still worth the risk in my opinion.
Posted by PCola77 on :
Guys, here's my take, and I've been wrong at pretty much every turn, so do the opposite of what I say...
Come Monday morning when EVERYONE can trade their PAIV, there will be another big selloff. Regardless of whether you believe in Macro or not, I'd recommend gewtting out at some point today and getting in cheaper on Monday.
Just my opinion.
Posted by Repoman75 on :
Told ya. Scottrade systems suck. Shares are NOT restricted, period.
Move your accounts to Ameritrade.
Posted by Fuzzy1018 on :
they dont seem like they are restricted, and we are moving back up nicely
Posted by eagleye on :
I just talked to the new Paiv investor relations and he said that the JPHC shares are restricted and anybody that is selling there former JPHC shares here is going to have to buy them back or the broker will have to buy thaem back. He thinks most of the shares that were traded today were former JPHC share holders that sold. The company is comming out with a PR later today to explan the whole thing.
Posted by Repoman75 on :
And that whole theory about a short squeeze was pure BS>
Posted by eagleye on :
Call the company 1800-963-6471 Repoman75
Posted by Repoman75 on :
Oh boy.. a landscape of broken trades and/or margin calls... Christ, this stock was and IS a nightmare.
Posted by PCola77 on :
Once again, cluster**** is the right word, Repo. This is crazy. "Like the sands of an hourglass, these are the days of our lives."
quote:Originally posted by eagleye: I just talked to the new Paiv investor relations and he said that the JPHC shares are restricted and anybody that is selling there former JPHC shares here is going to have to buy them back or the broker will have to buy thaem back. He thinks most of the shares that were traded today were former JPHC share holders that sold. The company is comming out with a PR later today to explan the whole thing.
Posted by traderofcents on :
eagleye, I also, just talked to the investor relations * PAIV. (1-800-963-6471) JPHC shares ARE RESTRICTED! He also commented that if you sold your restricted shares somebody is gonna pay! Broker or shareholder, whoever is taking responsibility for the sale! He said, that is why brokers have insurance. So if you took responsibility for selling your shares on Scottrade you'll have to cover.
Posted by Repoman75 on :
Brokers don't need insurance! They'll break the trades (if they are nice) or give the customers margin calls. brokers never lose!
Posted by nomed on :
Couldn't sell on Scottrade.. thank god!! Scottrade suck? Nope just lokin out for their people, and not allowing it. Course I don't have much in my accout either...
Posted by Repoman75 on :
The reason you couldn't sell on Scottrade is because their systems weren't updated, not because they knew about the restrictions.... shill.
Here's 1 star for you.
Posted by Stockeyes22 on :
Thanks eagleye, I called PAIV and talked with Glenn at shareholder relations. I asked him why the pps has dropped so much today. He said, he was'nt sure also. He also added that the CEO was checking into the strange trading activity and as soon as he found out he would release a PR possibly as soon as today! Also, I asked about the APOA and the JPHC shares , if they were restricted? He said, The APOA new dividend shares and the JPHC shares are RESTRICTED! He also said, there was a float of around 55 million shares of the original APOA shares!! Hmmmmm, I wonder, where all these shares have come from? Do I see a short squeeze coming? I wonder if this is a buying oppty???
Posted by Hannibull on :
that's bullsh** though! if the broker allows you to sell restricted shares then THEY are at fault because THEY should block those shares from being sold, period! Are you going to tell me every investor knew these shares would be restricted? If a not-knowing investor sells his shares (is ABLE to sell his shares), then the investor assumes the shares are not restricted, and he's not to blame for anything. Forcing investors to buy back those shares just because THEY made a mistake would be totally unfair. I was in for so small I'm not even going to look at this anymore, for me this is a closed case.
[ May 19, 2006, 13:06: Message edited by: Hannibull ]
Posted by Repoman75 on :
Hannibull, that's why they may break the trade and eat any price movements themselves... you come out even.
Posted by Repoman75 on :
If all the people who sold today shares that were supposed to be restricted, there is going to be a margin call squeeze on Mon, Tues, and Wed. I may buy today.
Posted by dkinvest on :
Are you buying PAIV then, repoman?
Posted by eagleye on :
I think your right Repoman75 and this stock with only 55 million float could go back to .005 or higher
Posted by Repoman75 on :
I'm pondering it.... if they break the trades even, the customer goes long again, which means the brokerage has to buy back to go even... either way, it's a squeeze.
Posted by dkinvest on :
So it looks like we could have whipped cream on sh*t, if you know what I mean....lol
Posted by Repoman75 on :
You may have a runup EOD as people begin realizing they made a mistake.
There is no such thing as a free lunch.
Posted by dkinvest on :
Why wouldn't a scenario like this halt the stock?
Posted by Repoman75 on :
It happens frequently but usually, you just don't hear about it. Halting won't do anything. Bottom line is, sooner or later, somebody has to buy.
Posted by madmoney on :
I doubt a significant number of investors were able to sell restricted shares, if this runs it will have little to do with that IMO, this mornings free fall to 0007 and the bounce that had to follow are pushing this now, it`s MOMO and it may keep going IMO.
Posted by Repoman75 on :
I'm throwing 10K in I think... bids are stacking.
Posted by Repoman75 on :
Ameritrade made the mistake of changing the symbol and making assumptions about restrictions before receiving the shares from DTC. When restricted shares are received, they have a legend on them. Ameritrade was doing its customers a favor by putting the new shares in the accounts before they received the shares, but their REORG dept. should have called DTC to check on restrictions.
Posted by dkinvest on :
So, if they break the sales of restricted shares, or if there is a squeeze play, will the PPS go back up to near .01 - the price where it closed the previous day?
Posted by Repoman75 on :
No guarantee... just bring in buying pressure.. maybe a good 20 - 50% gain.
Posted by Tyler_Durden007 on :
Anyone buy at these levels? If people that sold are forced to buyback their saves, the news investors could be in for a treat!
Posted by dkinvest on :
That's what we've been talking about the last hour.
Posted by Tyler_Durden007 on :
yeah, this looks good for a good flip. Risky but might be worth it!
Posted by madmoney on :
quote:Originally posted by Tyler_Durden007: Anyone buy at these levels? If people that sold are forced to buyback their saves, the news investors could be in for a treat!
if someone sold restricted shares the trades will likely be cancelled, as if they never happened, IF restricted shares are being sold today "IF" than that would be creating artificial volume witch could dry up on monday once this is sorted out. JMO.
Posted by PCola77 on :
Holy ****, HUGE dumps going on now.
Posted by PCola77 on :
This is confusing the hell out of me....
My head is spinning.
Posted by Fuzzy1018 on :
i sold my shares earlier, at .0014 for about $300 loss from my initial investment. hopefully i'll get my money in my account by monday
Posted by dkinvest on :
PAIV - Isn't this irony how the first day of trading ended up?
Posted by PCola77 on :
Who did you sell them through? Ameritrade? Other?
quote:Originally posted by Fuzzy1018: i sold my shares earlier, at .0014 for about $300 loss from my initial investment. hopefully i'll get my money in my account by monday
Posted by Fuzzy1018 on :
other - mytradz
Posted by PCola77 on :
This thing is divebombing now... WTF? Someone knows something.
And it sure as hell ain't me Posted by dkinvest on :
Holy sheet...WTF is going on?
Posted by PCola77 on :
An .0008 just printed. This is nuts. I give up trying to figure this out.
Posted by dkinvest on :
This POS is going to 0, not 0001, but friggin 0.
Posted by Repoman75 on :
Getting ready to buy... this is going to be the best squeeze of them all. Where's that stupid PR?
Posted by dbrownRC on :
i cant believe people still trust this management after what they did to the people who were holding JPHC before all this crap happened...gl everyone
Posted by Repoman75 on :
Nothing about management..its about momo now.
Posted by dkinvest on :
quote:Originally posted by dbrownRC: i cant believe people still trust this management after what they did to the people who were holding JPHC before all this crap happened...gl everyone
Read the PR's....this POS is under new management, not APOA or JPHC management...lol
Posted by nomed on :
Ok naked short selling? Mabey? Now they are covering? Just a thought...
Posted by madmoney on :
as soon as they come off 001 on the ask this will fall like a rock!
Posted by Repoman75 on :
Oh Christ, it's nomed...
Posted by traderofcents on :
looks like its turning
Posted by nomed on :
quote:Originally posted by Repoman75: Oh Christ, it's nomed...
That's right!! I make NO sense and I understand Half of what I know.. few beers ya see.. Posted by Repoman75 on :
No sheet it's turning! MM fake!
Posted by PCola77 on :
Now it's bouncing... Someone get me a barf bag, this roller coaster is too much.
Posted by traderofcents on :
you get in Repoman75
Posted by Repoman75 on :
Nope.. not yet...I want the PR to be released about confirming the restriction.
Posted by no_patience on :
Paper or Plastic?
Posted by PCola77 on :
I don't think ARCA's ready to let it run yet. Sitting on the ask for 500 vs everyone else's 50
Posted by madmoney on :
might get some for 0009, it`s comming again.
Posted by madmoney on :
ARCA is on the bid at 0.00?
Posted by Repoman75 on :
ARCA is waiting for the PR.. then he'll sink it or run it.
Posted by dbrownRC on :
what the hell is -1.00???
Posted by PCola77 on :
The number of stars Repo is gona give me after this fiasco?
quote:Originally posted by dbrownRC: what the hell is -1.00???
Posted by dbrownRC on :
lol...ive never seen a price of -1.00...can anyone explain it???? this is the best reason ive seen to show interest in this for a while
Posted by Repoman75 on :
I think I rated you already PCola.. maybe a 2 or 3.
Posted by dbrownRC on :
shows no volume now...high and low are both -1.00...it cant just be my streamer...theres even a negative beside the percentage sign...
Posted by madmoney on :
ARCA is gone. , what was all that about?
Posted by PCola77 on :
No, ARCA leaving the ask means it's free to run up, not down.
Posted by Repoman75 on :
ARCA is gone.. it's running up now! They must be restricted! BUY BUY BUY!
Posted by dkinvest on :
quote:Originally posted by dbrownRC: lol...ive never seen a price of -1.00...can anyone explain it???? this is the best reason ive seen to show interest in this for a while
I guess you've never watched PAIM....lol
Posted by dkinvest on :
quote:Originally posted by Repoman75: ARCA is gone.. it's running up now! They must be restricted! BUY BUY BUY!
Shouldn't we still wait for the PR?
Posted by letitrideboy on :
I've seen that on the .0001 stocks when they trade below .0001 it shows up as -1.00 sometimes
Posted by dbrownRC on :
youre absolutly right that ive never watched paim...it worried me a little when this company went with paiv considering all the bad feelings around the former...jk...i was just curious...ive never seen it (the price) before and wanted to know if anyone could explain...i just thought it was weird that the volume information and everything was wiped out...thanks
Posted by dbrownRC on :
so LRB...was that even a trade??? were there shares involved...and if so, why doesnt that still show as the low of day on my streamer?
Posted by madmoney on :
buys at the bid, not a good sign.
Posted by PCola77 on :
Jump the gun a bit there, Repo? It's dropping again.
quote:Originally posted by Repoman75: ARCA is gone.. it's running up now! They must be restricted! BUY BUY BUY!
Posted by madmoney on :
50 mil sold below the bid also not a good sign!
Posted by Repoman75 on :
Wait for the PR...
Posted by dkinvest on :
quote:Originally posted by madmoney: 50 mil sold below the bid also not a good sign!
I tell you what the hell is not a good sign:
Look at the previous close and then look at the high for the day.
Jeeeesh!!!!!!!!
Posted by letitrideboy on :
NOt sure guys, usually it then drops to .00 after i see the negetive one...not sure if the negetive one is a trade or not because the low of the day reeds .00 ....I think! It could be a low trade that wont show up...or it could be something else. All I know is I have seen it several times on the .0001 stocks when trades are going through below .0001. I don't know why, and how or why it showed up here!
Posted by PCola77 on :
Just a heads up, I called the 800 number posted above and the guy seemed pretty confused about the whole thing too. He said they're trying to get everythign figured out and they are going to issue a PR when they get it figured out. I said "Do you have any idea when that will be, today? Next week?" He said (paraphrasing here) "There seems to be a lot going on here, I doubt we'll have it figured out and a PR ready today."
Not trying to influence anyone one way or the otehr, just posting what the guy said.
Posted by dbrownRC on :
thanks LRB
Posted by Impat on :
Can someone inform me about the cusip number of that stock ? It seems a huge gap today for a big run next week. Thanks a lot and have a good WE!
Posted by TimLV on :
Well, this whole things is either going to work veyr well or be a swift kick to the groin. Here's hoping I don't need ice.
Posted by Repoman75 on :
ASK is thinning.
Posted by dkinvest on :
quote:Originally posted by Stockeyes22: Thanks eagleye, I called PAIV and talked with Glenn at shareholder relations. I asked him why the pps has dropped so much today. He said, he was'nt sure also. He also added that the CEO was checking into the strange trading activity and as soon as he found out he would release a PR possibly as soon as today! Also, I asked about the APOA and the JPHC shares , if they were restricted? He said, The APOA new dividend shares and the JPHC shares are RESTRICTED! He also said, there was a float of around 55 million shares of the original APOA shares!! Hmmmmm, I wonder, where all these shares have come from? Do I see a short squeeze coming? I wonder if this is a buying oppty???
Float of 55 Mill? Todays trading in 11 times the float. WTF?
Posted by Impat on :
Please tell me about the CUSIP number about that stock before the end of the trading. Can someone help me ? Thank you!
Posted by PCola77 on :
What'd you get in at Repo?
quote:Originally posted by Repoman75: ASK is thinning.
Posted by Repoman75 on :
I didn't yet. Waiting waiting waiting.
Posted by gfinney on :
So what did trading open up at on this today? Yahoo says it's down 90%? This thing is just mucked up!! There's been probably 50 million shares traded in the last twenty minutes right at .001 and the PPS didn't change a penny?
Posted by TimLV on :
Trading started at .01. This was a penny at close yesterday. I think that's one of the reasons behind the volume, that and the hope that this will somehow work out for either a short squeeze or a magic money maker.
Posted by letitrideboy on :
just called scottrade, they have no idea what the -1.00 means. Worthless schmucks
Posted by PCola77 on :
I don't believe you. Why would you say "It's about to run, BUY BUY BUY!" and then not buy any yourself? I think you got in at like .0013 and now you're trying to pump it.
If I'm wrong, I apologize, just seems like something doesn't add up with your posting.
quote:Originally posted by Repoman75: I didn't yet. Waiting waiting waiting.
Posted by letitrideboy on :
just a side note, the ASK for SPZI is at -1.00 glowing red. Makes no sense
Posted by letitrideboy on :
I KNOW WHAT IT IS!!! LOL the -1.00 shows up when the BxA size goes to 0 on one side or the other! (dont know why the negetive one shows up but thats when it shows up!)
Posted by Repoman75 on :
So don't believe me, I could care less.
Buy this, don't buy, means nothing to me. There are only 2 stocks I own right now... FRPT and MPTS. The rest of this is a sideshow. I maybe would have bought, but have no funds available.
[ May 19, 2006, 16:15: Message edited by: Repoman75 ]
Posted by pay up on :
if JPCH can't trade then neither should APOA be able to. That's just not fair. We were both part of this merger with JPHC being the surviving company and APOA being sold. So shouldn't it be the other way around?
Posted by TickTrader on :
Repo, without looking closer, I think the company IR guy is wrong about the restriction. Look at the paper trail mess of this merger. There was nothing preventing JPHC/APOA (merged shares that were destined to be APOA) from becoming unrestricted when they assigned the new symbol PAIV. In fact, there are several strange missing links with the establishment of PAIV. What do you think?
lol, I didn't sell, but I didn't pick up any more cheap shares either - have to wait for next week's cannonball drop.
Anybody have old APOA shares to trade today? I ask this because only the APOA divvy shares should have been restricted, not market shares.
Posted by nomed on :
Just a FYI... was afraid of this, nothing for sure, but look out Monday to all who sold... Got this off RB...
Money-made
is right. I talked to Loyola a few times on Friday and it looks to me that everyone who sold will have to rebuy all of there shares at market prices and most likely the brokerages will get authorization to do it themselves. And yes this can happen and seems to be legal.
Everyone who sold knew there shares were restricted and basically broke a contract that was written in stone that said the shares were restricted and you did it anyway.
Its like receiving a million dollars by accident in your account and you go out and spend the money knowing its not yours. Its illegal and it will be corrected.
45 million of market cap was erased by this mistake and it is going to be fixed per loyola and back to where it was originally which is .01.
From what im hearing the people who sold could literally lose everything including there house if they sold at .001 and have to buy back at .005 to .01 if the news is true.
They will catch the party who started this illegal crap and I hope there prosecuted.
My big guess is that this had something to do with all the naked shorts that never covered. No coincedence in my opinion.
All in all my guess is a pr will come out MOnday morning before open clearing all this up and forcing all of these shares to be bought back.
And if the mms are naked shorting these shares they must cover because noone is allowed to short restricted shares.
Posted by MoneyMoneyMoney on :
Wow. If thats the case presented there should be many people whom sold restricted shares doing research this weekend.
I know I would be looking long and hard to find and know the answers before some PR is going to tell me.
Good luck to ya'll!
Posted by howied on :
so should i buy this stock at .001? or what? is it a good buy? i have been reading this thread, and everyone is talking about restrictions? i would not have any if i just bought it right? please let me know. thank you
Posted by MoneyMoneyMoney on :
good question howie. If we buy on Mon morning X .001 - .002 while the restricted shares are being bought back at "higher" prices (if the scenario real and legal) there might be a possibility of making up to a 1000%? Wow. This sounds nice cause my shares wouldn't be restricted if I bought in Mon morn. I think I will look further into this!!!
Posted by howied on :
please do so and let me know.. i will get in with you!
Posted by Tyler_Durden007 on :
I highly doubt you will be able to get any shares at .001. I think that once this all gets sorted out, PPS will increase one way or another. Getting this stock that low has come and gone.
Posted by bmwboyee on :
i do not believe at all they will have to buy the shares back at a higher PPS. This is not the traders fault for the TA and the broker are responsible for placing the restriction. These people are just mad cause they could not sell their shares and the brokers are just trying to cover their butts because they made a mistake. there is a 3 day settlement period and they can take those shares away from you during those 3 days. If they allow this to go past 3 days, then everything will stay the same. the next 3 days is very important. But yes, they can reverse your trade but it will not be bought back at a higer price, will NOT! This has haulted all over it. and who knows how long it will take to get it taken care of. Good Luck with this ride, i would stay far away from anything that JPHC has had their hands in. they are very dirty.
Posted by TickTrader on :
nomed, your post from RB is just more opinion, and some of it is incorrect in this situation.
Everyone who sold knew there shares were restricted... questionable, at best
They will catch the party who started this illegal crap and I hope there prosecuted. OK, what is it? A mistake, or illegal crap? Perpetrated by... DTC? NSS?
My big guess is that this had something to do with all the naked shorts that never covered. No coincedence in my opinion. horse manure
All in all my guess is a pr will come out MOnday morning before open clearing all this up and forcing all of these shares to be bought back. Really? That's just not how it works, but okay.
This is exactly why I keep records of PRs, SEC filings, etc. The other opinions in that post are 'for effect' and may not have anything to do with this situation. If PAIV isn't halted on Monday, I'm buying more and taking the day off.
Posted by Hannibull on :
quote:Originally posted by bmwboyee: This is not the traders fault for the TA and the broker are responsible for placing the restriction
THANK YOU! and I fully agree of course
Posted by gfinney on :
Man, this is going to be fun next week!
Posted by casper on :
Paivis, Corp. (Formerly APO Health, Inc.) and Jupiter Global Holdings, Corp. Announce Final Closing of Merger Agreement Monday May 15, 11:57 am ET
OCEANSIDE, NY--(MARKET WIRE)--May 15, 2006 -- Paivis, Corp. (formerly APO Health, Inc.) ("Paivis") (OTC BB:APOA.OB - News) and Jupiter Global Holdings, Corp. ("Jupiter") (Other OTC:JPHC.PK - News) today jointly announced their closing of the Definitive Agreement and Plan of Merger (the "Merger Agreement") dated April 21, 2006, pursuant to which Paivis acquired, through a wholly-owned subsidiary, 100% of the issued and outstanding common shares of Jupiter, and Jupiter became a wholly-owned subsidiary of Paivis. As consideration in the merger transaction, Paivis has agreed to exchange shares of its common stock with Jupiter's shareholders at an exchange ratio that valued the Jupiter shares at $0.005 per common share whereby Jupiter shareholders will receive approximately 0.46232 of a share of Paivis common stock. No fractional shares will be issued in the share exchange.
ADVERTISEMENT A new symbol will be assigned reflecting the name change from APO Health, Inc. to Paivis, Corp. The current management of Paivis and Jupiter will not continue with the successor entity. A new team of experienced management will be brought in, and the current management of Macro Communications, Inc., the core operating subsidiary of Jupiter, will take a leading role in the management of the merged companies.
Jan Stahl, the departing Chief Executive Officer of Paivis, commented, "We are pleased to have been able to reach a closing of the transaction and we welcome the Jupiter shareholders as Paivis shareholders and feel very strongly on the new combined entities moving forward."
Ray Hawkins, the Chief Executive Officer of Jupiter, commented further, "We are glad we achieved a closing of the Merger Agreement; the future is bright for the merged company."
Details, including but not limited to the specifics of the exchange ratio, regarding the consummation of the Merger Agreement will be filed by Paivis in a Current Report on Form 8-K with the U.S. Securities and Exchange Commission as required.
ABOUT PAIVIS, CORP. (FORMERLY APO HEALTH, INC.)
Paivis, Corp. (formerly APO Health, Inc.), a Nevada corporation, through its subsidiary distributes medical, dental and health and beauty aids products to dental and medical professionals and wholesalers throughout the United States.
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
Jupiter Global Holdings, Corp., a Nevada corporation, is a holding company with interests and developments in a diverse number of growing industries. Jupiter plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact , as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. Paivis and Jupiter intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause Paivis and Jupiter actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in Paivis and Jupiter annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov. Posted by BuyTex on :
Hi, all, Know I'm late to the party, but I don't get the "restricted shares" hub-bub. I see by OTCBB Dailylist that APOA shareholders were to receive restricted shares, rate to be announced, record date 5-10 (which, being quoted no ex-date, essentially beomes the ex-date)...
Then I see JPHC being deleted effective 5-19, with shareholders to receive .46 shares of PAIV, which is new symbol for APOA, also effective 5-19.
But what connects the two? APOA shareholders from 5-10 (probably 3 days before that) are due some un-rated restricted shares...but what does that have to do with JPHC shareholders, who seem to be due .46 shares of common stock of PAIV?
Posted by TickTrader on :
Hi, Buytex... there's some missing links here. I just found one of them, don't know how I missed it - filed 5/18, I think.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
SCHEDULE 14F-1
INFORMATION STATEMENT PURSUANT TO SECTION 14F OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 14F-1 THEREUNDER
PAIVIS, CORP. (Exact name of registrant as specified in its charter)
Nevada 00030074 86-0871787 (State or other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
#400 - 3475 Lenox Road, Atlanta Georgia 30326 (Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: (404) 601-2885
PAIVIS, CORP.
INFORMATION STATEMENT PURSUANT TO SECTION 14F OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 14F-1 THEREUNDER
PAIVIS, CORP. IS NOT SOLICITING PROXIES IN CONNECTION WITH THE MATTERS DESCRIBED IN THIS INFORMATION STATEMENT, AND NO VOTE OR OTHER ACTION BY PAIVIS, CORP.’S SHAREHOLDERS IS REQUIRED TO BE TAKEN IN CONNECTION WITH THIS INFORMATION STATEMENT.
This Information Statement is being furnished to the holders of record on May 11, 2006, of the outstanding shares of common stock, $.0001 par value (“Common Stock”), of PAVIS, CORP., a Nevada corporation (the “Registrant”), in connection with the designation by PAIVIS, CORP. of the newly elected members of the Board of Directors of the Registrant, pursuant to the terms of a Merger Agreement, dated April 21, 2006 (“Merger Agreement”), by and among the Registrant, Jupiter Global Holdings, Corp. (“Jupiter”) and a newly formed subsidiary of the Registrant established for the purpose of consummating the Merger Agreement. This Information Statement is being provided solely for informational purposes and not in connection with a vote of the Registrant’s stockholders.
On May 11, 2006, the effective date of the Merger Agreement, all of the officers and directors of the Registrant prior to the effective date of the Merger Agreement resigned in each of their respective capacities. Such officers and directors have provided to the Registrant written notices of resignation effective May 11, 2006. Also on May 11, 2006 appointments of new officers and directors for the Registrant were executed.
This Information Statement is being furnished pursuant to Section 14(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 14f-1 promulgated thereunder. The information contained in this Information Statement concerning the officers and director has been furnished to the Registrant by new officers and directors. -------------------------------------------------
Change in Control Transaction
The Merger Agreement provides for the Registrant’s acquisition of 100% of the outstanding common stock of Jupiter in exchange for (i) the Registrant’s issuance to Jupiter stockholders of 0.46232085067036500 shares of the Registrant’s Common Stock for each share of Jupiter common stock (the “Exchange”). The issuance of the Registrant’s shares of common stock, options and warrants to the Jupiter stockholders is intended to be exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) thereof.
On May 11, 2006, the Registrant consummated the transactions under the Merger Agreement (the “Closing”) and acquired 10,000,000,000 common shares of the outstanding capital stock of Jupiter in exchange for the Registrant’s issuance to the Jupiter stockholders of 4,623,208,507 shares of the Registrant’s common stock. The issuance of the Registrant’s shares of common stock to the Jupiter stockholders was exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) thereof.
In connection with the Merger Agreement, there will be a change of control. Prior to the Closing, the Registrant had 56,575,212 shares of Common Stock outstanding. Upon issuance of the Exchange shares following the Closing, the Registrant will have a total of 5,245,535,839 shares of common stock issued and outstanding. Upon issuance of the Exchange share, the Jupiter stockholders will own approximately 78% of the issued and outstanding shares of the Registrant’s common stock, the stockholders of the Registrant immediately prior to Closing (“Existing Stockholders”) will own approximately 12% of the shares of the Registrant’s issued and outstanding common stock.
Following the Closing, there remain 200,060,002 shares of Jupiter’s outstanding Convertible Preferred Stock that were not exchanged for the Registrant’s shares. The Merger Agreement made no provision for the exchange of the Jupiter shares of Convertible Preferred Stock.
Voting Securities
The Registrant’s Common Stock is the only class of equity security that is currently outstanding and entitled to vote at a meeting of the Registrant’s stockholders. Each share of Common Stock entitles the holder thereof to one (1) vote. Upon issuance of the Exchange shares following the Closing of the Merger Agreement, there will be 5,245,535,839 shares of the Registrant’s Common Stock outstanding.
Board of Directors and Executive Officers
Directors are elected at the annual meeting of stockholders or by unanimous written consent of the stockholders, and each director holds office until his successor is appointed or he resigns, unless sooner removed. The Registrant currently has no standing audit, nominating or compensation committees of the Board of Directors. The Registrant’s Board of Directors and executive officers prior to the Merger Agreement are set forth on the table below. Stockholders may communicate with any of the Registrant’s directors, by submitting written correspondence to the Registrant’s executive offices. The following sets forth certain information concerning Dr. Jan Stahl and Mr. Kenneth Leventhal and their respective backgrounds and experience.
Name Age Position Dr. Jan Stahl 57 Chairman, Chief Executive Officer, Acting Chief Financial Officer, Principal Accounting Officer, Secretary, Director
Dr. Jan Stahl is a New York State licensed dentist. Dr. Stahl founded the Registrant, formerly known as APO Health, and the Registrant’s wholly-owned subsidiary, in 1987, and has been its Chairman, Chief Executive Officer, Secretary and a Director since such time. Dr. Stahl's primary responsibilities for the Company were in the area of sales and marketing. Prior to founding the Registrant, Dr. Stahl was a practicing dentist in the state of New York.
Kenneth Levanthal founded Universal Medical Distributors, Inc. ("Universal"), a subsidiary of the Company, in 1985 and has served as its president since such time. Prior to founding Universal, Mr. Levanthal had been employed as Executive Vice President of Medardo Corp., a division of Omnicare, Inc., having been employed by Medardo Corp. since 1997, prior to its acquisition by W.R. Grace & Co. (the parent company of Omnicare, Inc.).
Director and Officer Compensation
During fiscal 2005 and through the date of this Information Statement, the Registrant’s officers or directors have been paid $489,453 in aggregate compensation. The determination of whether to pay compensation to the Registrant’s officers and directors is made from time to time by the Registrant’s Board of Directors. The Registrant’s officers and directors are reimbursed for any out-of-pocket expenses incurred on the Registrant’s behalf.
PAIVIS’ New Officers and Directors
In connection with the Closing, Dr. Stahl and Mr. Leventhal each resigned from their officer and director positions effective as of the Closing. Dr. Stahl and Mr. Leventhal tendered a resignation at the Closing that became effective May 11, 2006. The resignations of the directors and officers from their positions was not due to any disagreement with the Registrant.
At the Closing of the Merger Agreement, the Registrant’s directors appointed Gregory Bauer and Guriqbal Randhawa, as the two new directors of the Registrant and each has consented to serve as a director of the Registrant. Jupiter has advised the Registrant that, to its knowledge, Mr. Bauer and Mr. Randhawa, nor any of their affiliates beneficially own any equity securities or rights to acquire any such securities of the Registrant, and no such person been involved in any transaction with the Registrant or any of its directors, executive officers or affiliates that is required to be disclosed pursuant to the rules and regulations of the Securities and Exchange Commission other than with respect to the transactions between Jupiter and the Registrant that have been described herein. Mr. Bauer and Mr. Randhawa and their affiliates currently beneficially hold no shares of the common stock of Jupiter and will hold no shares of common stock of the Registrant as a result of the Exchange. In addition, Jupiter has advised the Registrant that, to its knowledge, neither Mr. Bauer nor Mr. Randhawa is currently a director of, and neither holds any position with, the Registrant, nor do either of them have a familial relationship with any director or executive officer of the Registrant.
The following sets forth certain information concerning the Jupiter’s Designees’ background and experience:
Name Age Position(s) Gregory Bauer 45 Chief Executive Officer President, Interim Financial Officer, Treasurer and Director
Guriqbal Randhawa 33 Director
Mr. Bauer currently holds the position of COO/President of Macro Communications. His primary focus has been to restructure debt and secure funding options. Since joining the team, MACRO’s debt has decreased by $3.7 million in a short period of time. In addition, he orchestrated two national distribution contracts which increased company revenue by 30%. Prior to this, Mr. Bauer successfully restructured WebUsenet as its COO and formulated a new company called WV Fiber in which his title was CEO/President. While at WV, he was responsible for setting the company’s direction and vision as a leader in the IP delivery space and delivered a sales pipeline that totaled $ 50 million in less than a year. Additionally, Mr. Bauer held the position of Executive Director of Sales at Interoute, a Pan European IP network based company in London. Before joining Interoute, he was Executive Vice President of Corporate Development for QOS Networks. During his tenure at QOS Networks he established multiple joint ventures and secured the largest bandwidth contract in the company’s history. Mr. Bauer has spent his career in a variety of leadership positions that have contributed to strong organizations. He has worked extensively with different cultures achieving success all over the world.
Mr. Randhawa is a former Wall Street analyst with more than eight years senior financial experience. He began his career with Deloitte & Touche in 1997, where he was first an auditor in Vancouver, B.C., and then a Senior Consultant with the Capital Markets Energy Trading Risk Management Practice in New York. In 2000 he joined New York-based Ziff Brothers Investments (“ZBI”), the multibillion dollar hedge fund group of one of America’s wealthiest families. As a Senior Associate at Ziff, Mr. Randhawa was responsible for following European and emerging market equities across a range of sectors. He aided ZBI in growing his investment management group from zero to 15 analysts and was assigned to lead several special projects involving more than $1 billion in total investment. In 2004, he formed Trivandrum Capital, an alternative strategy firm focused on Energy, India and Venture projects.
Mr. Randhawa graduated from the University of Victoria in 1995 with a B.A. in Economics, With Distinction. He subsequently pursued post-graduate studies in Finance and Accounting at Simon Fraser University. He is a Chartered Financial Analyst (CFA) and has completed the examinations for the Certified Public Accountant (CPA) designation.
Certain Relationships and Related-Party Transactions
Prior to the Merger Agreement, the Registrant’s offices were occupied by the Registrant under a lease between the landlord who is an unaffiliated third party and an affiliated company PJS Trading, Corp., a New York corporation ("PJS") owned by Dr. Jan Stahl. The Registrant occupied the premises under an oral agreement with PJS and Dr Stahl whereby the Registrant discharges all the obligations of the lease with the landlord. Neither PJS nor Dr. Stahl derives any profit from the Lease nor will they during the balance of the Lease Term. Management believes the terms of the lease are at least as favorable as the Registrant could obtain from unrelated third parties. Subsequent to the closing of the Merger Agreement on May 11, 2006, this related party transaction has no further effect or binding application to the Registrant.
Beneficial Ownership of the Registrant’s Common Stock
The following table sets forth, as of May 12, 2006, certain information concerning the beneficial ownership of each class of the Company’s voting stock by (i) each beneficial owner of 5% or more of the Company's voting stock, based on reports filed with the SEC and certain other information; (ii) each of the Company’s executive officers and (iii) all executive officers and directors of the Company as a group:
Number of Shares Owned Percentage Name of Record and Beneficially Common Stock Outstanding (1)
Guriqbal Randhawa, Director Nil 0.00% #400 - 6475 Lenox Road Atlanta, GA 30326
All Directors and Officers Nil 0.00% As a Group
______________________________________ (1) The securities “beneficially owned” by an individual are determined in accordance with the definition of “beneficial ownership” set forth in the regulations promulgated under the Exchange Act and, accordingly, may include securities owned by or for, among others, the spouse and/or minor children of an individual and any other relative who resides in the same home as such individual, as well as other securities as to which the individual has or shares voting or investment power or which each person has the right to acquire within sixty (60) days through the exercise of options or otherwise. Beneficial ownership may be disclaimed as to certain of the securities. This table has been prepared based upon the issuance of the Exchange shares following the Merger Agreement of 5,245,535,839 shares of Common Stock.
Section 16(a) of the Exchange Act requires that the Registrant’s officers, directors and persons owning greater than ten percent (10%) of the Common Stock (collectively, “Reporting Persons”) to file with the SEC initial reports of ownership and reports of changes in beneficial ownership of Common Stock. Such Reporting Persons are also required by applicable SEC rules to furnish to the Registrant copies of all forms filed with the SEC pursuant to Section 16(a) of the Exchange Act.
Signatures
Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this information statement to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 18, 2006.
PAIVIS, CORP.
/s/ Gregory Bauer Gregory Bauer, President
--------------------------------------------------
Posted by TickTrader on :
The Merger Agreement provides that the Shares of Common Stock to be received by Jupiter (now PAIVIS) shareholders will not be registered under the Securities Act of 1933, 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 of 1933, or (ii) PAIVIS receives an opinion of counsel for PAIVIS that an exemption from the registration requirements of the Securities Act is available.
---------------------------------
Posted by BuyTex on :
here's what I get from that passage, ital my emphasis:
quote: . . . provides that the Shares of Common Stock to be received by Jupiter (now PAIVIS) shareholders . . .
ergo, if "common," not restricted, eh?
plus, this filing is the company's record of its intentions as of the filing, yes? Doesn't mean that's what happened...
Posted by MoneyMoneyMoney on :
hmm. Interesting indeed. After seeing that "common" shares were issued I now know my theory will not work. I'm not in and am glad for those of you who did make out.
Always remember to protect your capital and take some profit to keep you in the game.
Posted by Fuzzy1018 on :
i sold on friday at .0014, so i should get my money right?
Posted by bikerider on :
wow, I hope they don't ask sellers to buy back, as this thing can open over 0.02 on monday. what a mess! good luck to ya'll.
Posted by BuyTex on :
quote:Originally posted by MoneyMoneyMoney: hmm. Interesting indeed. After seeing that "common" shares were issued I now know my theory will not work. I'm not in and am glad for those of you who did make out.
Always remember to protect your capital and take some profit to keep you in the game.
M3, don't say you "know" cuz of anything I say. I'm simply reading what's up there.
I just like to bone up on these deals, to see what "the system" is capable of... in many cases, lol, capable of "doing to" traders...
Someone mentioned GLKC/GLCK(E) (whatever that ticker was), which in fact did pay off quite handsomely. I first ran across that ticker when doing DD for the GLUV/GVRP/MAMG fiasco... The former seemed to be the only "near-precedent" for the geekiness of the latter.
As many know, the GVRP error paid very well for Ameritrade clients who sold before it was suspended. The ratio was roughly this: $100 buy nets $15k pay-off, perhaps even $30k; that was "best-case," as it traded roughly $2 to $4 during the week of the screw-up and traded after the f/s mostly at .0001 but at times as high .0002 (some market orders went through at .00002--still a nice profit, but a sidenote worth mention if nothing other than evident "geekiness").
What I don't know is whether GLKC(?) alerted the powers that be to these kinds of foul-ups, or whether some fundamental threat to the powers was absent in the GLKC run. As far as I know, it was not suspended and still trades.
Alas, that has been neither the fate of GVRP (who apparently pushed through an illegal r/s post-suspension) nor of BCIT, another supposed MOASS, ie, "Mother of All Squeeze Plays." It, too, was headed for Trader Pay-off Legend status, when *it* too was suspended.
The details, regs broken and so forth are different, but the commonality is, as I believe "Repoman" has suggested, the broker/dealer community will *not* take a horse-whipping. In both cases (GVRP and BCIT), the buy-in provisions were suspended--basically, broker/dealers were let off the hook while investor/trader capital remains frozen in limbo to this day.
Another oddity than may pertain: In GVRP's case--which was brought to the attention of both the NASD *and* SEC before forward-split shares were traded, as well as the company *and* the TA--Ameritraders who received their shares "automatically" were at first assured by Ameritrade that no problem existed. Within about 72 hours, Ameritrade reversed its position and warned clients they could be "liable" for a short position.
Incredible! We traders can *not* short pennies...
Acting, I believe, from that sort of "salt of the earth" mentality, those traders who said, "Sure--sell 'em" profited at the ratio mentioned. But it was a tense period until the dough was banked...
Another thing--perhaps also mentioned by Repo--is that even if one is *in the right,* a brokerage can make it very tough to access your funds/account. One trader on this board--who ultimately prevailed with more than $10k--also had that same account frozen, for at least a day or two...
Anyway...a long-winded ramble, to be sure...but one that may provide some background for others--and explains my interest. Will follow along...and as others know may even play it...
Posted by jdg257 on :
This is a soap opera, IMO shareholders cannot legally get screwed by this. This time the compnay has to be held resonsible, or the brokerages.
Posted by traderofcents on :
Entry into a Material Definitive Agreement, Completion of Acquisition or Disp
Item 1.01 Entry Into Material Definitive Agreement This Current Report of Form 8-K/A amends the Current Report filed by the Registrant on April 25, 2006. On April 21, 2006, APO Health, Inc., a Nevada corporation ("APO"), entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with APO Health Acquisition Corp, Inc., a Nevada corporation and wholly-owned subsidiary of APO ("APO Acquisition"), and Jupiter Global Holdings, Corp., a Nevada corporation ("Jupiter"). The Merger Agreement provided that upon the terms and subject to the conditions set forth in the Merger Agreement, APO Acquisition will merge with and into Jupiter, with Jupiter being the surviving corporation and a wholly-owned subsidiary of APO.
On May 11, 2006, the above-referenced parties to the Agreement and Plan of Merger consummated the Merger Agreement and the Merger Agreement became effective as of May 11, 2006, the date that the Articles of Merger were accepted for filing by the Nevada Secretary of State. As of May 11, 2006, APO changed its name to PAIVIS, Corp. ("PAIVIS") and a trading symbol for PAIVIS will be announced shortly.
As of May 11, 2006, each share of Common Stock of Jupiter issued and outstanding immediately prior to the Effective Time of the Merger Agreement was converted into and become a right to receive 0.46232085067036500 of a share of common stock of APO (the "Conversion Price"), and are automatically canceled and retired and cease to exist as of the Effective Time of the Merger.
The Merger Agreement provides that the Shares of Common Stock to be received by Jupiter (now PAIVIS) shareholders will not be registered under the Securities Act of 1933, 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 of 1933, or (ii) PAIVIS receives an opinion of counsel for PAIVIS that an exemption from the registration requirements of the Securities Act is available.
A copy of the Merger Agreement is filed as Exhibit 10.1 to Form 8-K filed by APO on April 25, 2006 and is incorporated by reference herein. The foregoing summary of the Merger Agreement is qualified by the Merger Agreement in its entirety.
Item 2.01 Completion of Acquisition or Disposition of Assets On May 12, 2006, the Registrant entered into a Stock Purchase Agreement with KJ Ventures, Ltd., which provides for the sale of 3,046,300 shares of the common stock of APO Health, Inc., a New York corporation that was a subsidiary of APO Health, Inc. prior to the Effective Date of the above-described Merger Agreement. KJ Ventures, Ltd., which is an entity controlled and managed by Dr. Jan Stahl, former chief executive officer of the Registrant prior to the consummation of the Merger Agreement, will continue the business operations of APO Health, Inc., a New York corporation, as it existed prior to the Effective Date of the Merger Agreement, although there will be no affiliation between the Registrant and the purchaser of the shares, KJ Ventures, Inc. The consideration in support of the transaction was $1.00, plus the assumption of all of the current contingent and future debts of APO Health, Inc., a New York corporation. A copy of the Stock Purchase Agreement disclosed herein is attached to this Current report as an exhibit.
Item 3.02 Unregistered Sales of Equity Securities On May 11, 2006, and pursuant to the consummation of the Merger Agreement, the Registrant will cause to issue 4,623,208,507 Common Shares (the "Shares") to the shareholders of Jupiter as of the effective date of the Merger Agreement. The Common Shares will be issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On May 11, 2006, the effective date of the Merger Agreement, all of the officers and directors of the Registrant prior to the effective date of the Merger Agreement resigned in each of their respective capacities. Such officers and directors have provided to the Registrant written notices of resignation effective May 11, 2006. Filed as exhibits to this Current Report are copies of all such notices of resignation. All of the directors and officers of the Registrant that have tendered their resignations as such have received copies of this Current Report and have not provided the Registrant with any comments or further information that requires further disclosure by the Registrant.
Item 7.01 Regulation FD Disclosure. The information set forth under this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act, except as shall be expressly set forth by specific reference in any such filing. Attached hereto as Exhibit 99.1 is a Press Release issued by the Registrant on May 15, 2006 regarding the consummation and effectiveness of the Merger Agreement.
Item 9.01 Financial Statements and Exhibits. (c) Exhibits
Exhibit Number Description
Stock Purchase Agreement Between the
10.1 Registrant and KJ Ventures, Ltd., dated May 12, 2006 17.1 Resignations of Dr. Jan Stahl and Kenny Leventhal as Directors and Officers and Appointment of New Officers 99.1 Press Release dated May 15, 2006
Posted by BuyTex on :
Thanks for the material...
Would you mind pointing out what you believe is relevant? In group DD, it's helpful and efficient to both provide the source (as you have done) and also to direct attention to those lines/points that may obtain. This is not like those who pop up with a ticker on a thread saying, "What do y'all think?"
--tex
quote:Originally posted by traderofcents: No, ment the 8-k!
Entry into a Material Definitive Agreement, Completion of Acquisition or Disp
Item 1.01 Entry Into Material Definitive Agreement This Current Report of Form 8-K/A amends the Current Report filed by the Registrant on April 25, 2006. On April 21, 2006, APO Health, Inc., a Nevada corporation ("APO"), entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with APO Health Acquisition Corp, Inc., a Nevada corporation and wholly-owned subsidiary of APO ("APO Acquisition"), and Jupiter Global Holdings, Corp., a Nevada corporation ("Jupiter"). The Merger Agreement provided that upon the terms and subject to the conditions set forth in the Merger Agreement, APO Acquisition will merge with and into Jupiter, with Jupiter being the surviving corporation and a wholly-owned subsidiary of APO.
On May 11, 2006, the above-referenced parties to the Agreement and Plan of Merger consummated the Merger Agreement and the Merger Agreement became effective as of May 11, 2006, the date that the Articles of Merger were accepted for filing by the Nevada Secretary of State. As of May 11, 2006, APO changed its name to PAIVIS, Corp. ("PAIVIS") and a trading symbol for PAIVIS will be announced shortly.
As of May 11, 2006, each share of Common Stock of Jupiter issued and outstanding immediately prior to the Effective Time of the Merger Agreement was converted into and become a right to receive 0.46232085067036500 of a share of common stock of APO (the "Conversion Price"), and are automatically canceled and retired and cease to exist as of the Effective Time of the Merger.
The Merger Agreement provides that the Shares of Common Stock to be received by Jupiter (now PAIVIS) shareholders will not be registered under the Securities Act of 1933, 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 of 1933, or (ii) PAIVIS receives an opinion of counsel for PAIVIS that an exemption from the registration requirements of the Securities Act is available.
A copy of the Merger Agreement is filed as Exhibit 10.1 to Form 8-K filed by APO on April 25, 2006 and is incorporated by reference herein. The foregoing summary of the Merger Agreement is qualified by the Merger Agreement in its entirety.
Item 2.01 Completion of Acquisition or Disposition of Assets On May 12, 2006, the Registrant entered into a Stock Purchase Agreement with KJ Ventures, Ltd., which provides for the sale of 3,046,300 shares of the common stock of APO Health, Inc., a New York corporation that was a subsidiary of APO Health, Inc. prior to the Effective Date of the above-described Merger Agreement. KJ Ventures, Ltd., which is an entity controlled and managed by Dr. Jan Stahl, former chief executive officer of the Registrant prior to the consummation of the Merger Agreement, will continue the business operations of APO Health, Inc., a New York corporation, as it existed prior to the Effective Date of the Merger Agreement, although there will be no affiliation between the Registrant and the purchaser of the shares, KJ Ventures, Inc. The consideration in support of the transaction was $1.00, plus the assumption of all of the current contingent and future debts of APO Health, Inc., a New York corporation. A copy of the Stock Purchase Agreement disclosed herein is attached to this Current report as an exhibit.
Item 3.02 Unregistered Sales of Equity Securities On May 11, 2006, and pursuant to the consummation of the Merger Agreement, the Registrant will cause to issue 4,623,208,507 Common Shares (the "Shares") to the shareholders of Jupiter as of the effective date of the Merger Agreement. The Common Shares will be issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On May 11, 2006, the effective date of the Merger Agreement, all of the officers and directors of the Registrant prior to the effective date of the Merger Agreement resigned in each of their respective capacities. Such officers and directors have provided to the Registrant written notices of resignation effective May 11, 2006. Filed as exhibits to this Current Report are copies of all such notices of resignation. All of the directors and officers of the Registrant that have tendered their resignations as such have received copies of this Current Report and have not provided the Registrant with any comments or further information that requires further disclosure by the Registrant.
Item 7.01 Regulation FD Disclosure. The information set forth under this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act, except as shall be expressly set forth by specific reference in any such filing. Attached hereto as Exhibit 99.1 is a Press Release issued by the Registrant on May 15, 2006 regarding the consummation and effectiveness of the Merger Agreement.
Item 9.01 Financial Statements and Exhibits. (c) Exhibits
Exhibit Number Description
Stock Purchase Agreement Between the
10.1 Registrant and KJ Ventures, Ltd., dated May 12, 2006 17.1 Resignations of Dr. Jan Stahl and Kenny Leventhal as Directors and Officers and Appointment of New Officers 99.1 Press Release dated May 15, 2006
Posted by traderofcents on :
"quote: -------------------------------------------------------------------------------- Originally posted by Impat: The deal is done with apoa and the price/share fixed. I do not see a restriction in PR's....So, please give me references if possible.... --------------------------------------------------------------------------------
Item 3.02 Unregistered Sales of Equity Securities
On May 11, 2006, and pursuant to the consummation of the Merger Agreement, the Registrant will cause to issue 4,623,208,507 Common Shares (the “Shares”) to the shareholders of Jupiter as of the effective date of the Merger Agreement. The Common Shares will be issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933."
These JPHC shares are RESTRICTED!! I talked to Glenn * PAIV (1-800-963-6471) yesterday (friday) with shareholder relations!! Also, APOA dividend shares are RESTRICTED!! HE also commented that there was approximately 55 MILLION shares on the float from the original APOA common stock! These are the only shares that are tradable! With 649 Million Shares traded on Friday, how many will have to be bought back on Monday, cause shareholders sold their restricted shares????
Posted by tmanfromtexas on :
Bingo trader... You hit the nail on the head. Shares are restricted. always have been and will be for a long time. NOW, I would suspect they will halt trading Monday, return all these shares to their original owners and then start trading after the paper trail is wrapped up. Have a nice evening. TMAN...
Posted by BuyTex on :
ToF, I assume your post refers to this line:
quote:The Common Shares will be issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933.
lol, first of all...calm down...exclamation points etc only muddle the picture at this point...we still have the remainder of the weekend to DD this thang...
First, what can you tell us about "Glenn" at PAIV?
Second, clearly--by OTCBB dailylist--APOA *intended* some sort of resctricted-share issue...
Third, please realize companies screw up even the simplest of splits, all the time...continually...chronically. LOL, I recently made about 80 bucks that cost me a nickel...not a big play, but free money--just because of the way it was filed.
Fourth, we need to address how might APOA shareholders be given preferential treatment over JPHC shareholders...
Logically, it makes no sense. Possibly? Sure--just read my preceding, long-winded post re GVRP/BCIT etc... Loopholes exist, no question.
But the basic question here, I think, is this: how can common stock also be restricted stock?
Posted by TickTrader on :
The original shares have morphed several times through this ordeal. I won't even throw down my analysis on restricted vs. free-trading.
There's some other points in that form 14f1 that are interesting/unusual.
I do know this... the only entity capable of placing or removing a restricted legend is the transfer agent (the company, if they act as their own transfer agent). It is not left up to brokers or shareholders to determine the status. Mistakes are possible at every point of contact, though.
Posted by BuyTex on :
sissy!
lol, TT, I'm saying what I know...
Posted by TickTrader on :
lol... hey, I resemble that remark!
What I think... Macro = shark-eater
Posted by same on :
Paivis on Friday was Naked Short Selling
Read below and decide for yourself, the SEC has to stop fims such as Ameritade from Illegal Naked Shorting. Where was DTCC?
I put together these different Governing Agencies and their Rolls. Here is the Question we need answered about what happened with Paivis on Friday’s Trading of 645,915,747 shares when the average volume is 29,948,121 shares a day.
These Shares traded were Restricted as per 8K and previous PR from management stateing the Shares are Restricted.
Where did all of these Shares come from that Ameritade put on the Open market. The DTCC never issued the Restricted Shares, the Transfer Agent never received the restricted Shares, but Ameritrade has the Restricted Shares and puts them on the Open Market. IMO what Ameritrade did on Friday is the most Classic Case Of Naked Short Selling I have ever seen. At the end you will find Parts 1 thru 4 explaining how NSS is done.
SEC A government commission created by Congress to regulate the securities markets and protect investors. In addition to regulation and protection, it also monitors the corporate takeovers in the U.S. The SEC is composed of five commissioners appointed by the U.S. President and approved by the Senate. The statutes administered by the SEC are designed to promote full public disclosure and to protect the investing public against fraudulent and manipulative practices in the securities markets. Generally, most issues of securities offered in interstate commerce, through the mail or on the internet, must be registered with the SEC. Here's an example of an activity that falls within the SEC's domain: if someone purchases more than 5% of a company's equity, they must report to the SEC within 10 days of the purchase because of the takeover threats it may cause.
DTCC Established in 1999, the DTCC is a holding company consisting of 5 clearing corporations and 1 depository, making it the world's largest financial services corporation dealing in post trade transactions. Owned by its principal users, the DTCC's function is to integrate the NSCC and DTC, streamlining clearing and depository transactions in attempts to reduce cost and increase capital efficiency. http://www.dtcc.com/
NASD A self-regulatory organization of the securities industry responsible for the operation and regulation of the Nasdaq stock market and over-the-counter markets. It also administrates exams for investment professionals, such as the Series 7 exam. The NASD watches over the Nasdaq to make sure the market operates correctly. http://www.investopedia.com/terms/n/nasd.asp
Transfer Agent A trust company, bank or similar financial institution assigned by a corporation to maintain records of investors and account balances and transactions, to cancel and issue certificates, to process investor mailings and to deal with any associated problems (i.e. lost or stolen certificates). Because publicly-traded companies, mutual funds and similar entities often have many investors who own a small portion of the organization, require accurate records and have rights regarding information provision, the role of the transfer agent is an important one. Some corporations choose to act as their own transfer agents, but most choose a third-party financial institution to fill the role. http://www.investopedia.com/terms/t/transferagent.asp
Brokerage Functions, Underwriting and Agency Roles The Primary Market Perhaps the most lucrative aspect of the securities business at present is the selling of new securities issues to large institutional and retail investors. The sale of new issues in this manner constitutes what is known as the primary market http://www.investopedia.com/articles/basics/04/042304.asp
Rule 144 Restricted and unregistered Stock A Securities and Exchange Commission rule that sets the conditions under which restricted, unregistered and control securities can be sold. These are the five conditions that must be met for these securities to be sold:
1. The prescribed holding period must be met. 2. There is an 'adequate' amount of current information available to the public regarding the historical performance of the security. 3. The amount to be sold is less than 1% of the shares outstanding and accounts for less than 1% of the average of the previous four weeks' trading volume. 4. All of the normal trading conditions that apply to any trade have been met. 5. If wishing to sell more than 500 shares or an amount worth more than $10,000, the seller must file a form with the SEC before the sale. Brokers may sell restricted, unregistered and control securities, but on an 'agency' basis only. They may sell them, but can't solicit a buy order. If the seller is not associated with the company that issued the shares and has owned the securities for more than two years, the seller does not need to meet any of the five conditions and can sell the securities as they would any other.
same, putting this on Paivis just isn't going to fly. Not here, can't see it. Friday's volume (day 1) was not inconsistent with the circumstances.
You seem to have a firm pulse on the situation. Maybe you can put a pulse on this activity...
What, exactly, was the trading on JPHC all about between the dates of May 11 and May 19? I didn't get any more shares during that time period. HEY WILDWEB, did you? Anybody? Reruns? Autopilot? Any thoughts on this?
Posted by TickTrader on :
OIC!!!
same, I pulled up your previous posts. I won't tell anybody that you were one of Dr. Who's group, we'll keep that between us.
There are a few relationships that I figured out on my own, thanks to the 14f1. Dr. Who and his merry men, dogcatcher w/numbers appended, and a certain IR guy.
How does it feel? Being on the losing end?
Posted by tmanfromtexas on :
Buy Tex, I went through this when BKMP gave shares in Amerosi. AMSN. They were a divi which I know is different then here but they are common and they are restricted. Is there anyone here that 1. held shares through the change in symbol and 2. sold those shares Friday. 3. who do you use as your trading platform. Just curious if there is some kind of notice that may be posted on your account now. TMAN...
Posted by Burn on :
Yes. Ameritrade nothing posted on account
Posted by tmanfromtexas on :
Tick, I was wondering where ole Dr. Who had went to. Hadnt heard from him and his billions of shares. lol. I still laff when I thought you two were living in the same town. lol. TMAN... and dogcatcher is another interesting character. I dont think he works with these yahoos because he is still posting over at the igtg thread and talking PR's. I wonder if they use the same pr group as jphc did. i havent found the conection yet but it makes you wonder.
Posted by renrob05 on :
ok who is Dr Who and dogcatcher?
Posted by tmanfromtexas on :
Dr. Who is a poster here that claimed he had a group of shareholders that held shares and dogcatcher was a person on ragingbull that would give the posters there a heads up when a PR would come out. Just some interesting characters in this shakespearean comedy. TMAN...
Posted by TickTrader on :
tman, I can't stay on that other site long enough to find out, but there is definitely an IR shark in the water. If you look at the SEC's 14f1, you'll see a certain dollar amount highlighted in yellow. From there, it's not too hard to figure out the players. Hawkins started out JPHC wanting to do it right, and I believe he tried. Old habits?
Posted by renrob05 on :
Thanks tman!
Posted by tmanfromtexas on :
I couldnt find what you were talking about Tick but I do agree with you about hawkins. TMAN...
Posted by BuyTex on :
quote:Originally posted by tmanfromtexas: Buy Tex, I went through this when BKMP gave shares in Amerosi. AMSN. They were a divi which I know is different then here but they are common and they are restricted. Is there anyone here that 1. held shares through the change in symbol and 2. sold those shares Friday. 3. who do you use as your trading platform. Just curious if there is some kind of notice that may be posted on your account now. TMAN...
Presumably, there were no shareholders of AMSN who went one day from trading common stock to holding "untradeable" restricted stock... yes?
Posted by tmanfromtexas on :
I dont think so BuyTex. I was only saying that common shares can be received in the restricted mode. TMAN...
Posted by BuyTex on :
Gotchya, Tman...my point is I don't understand how they could treat one class of shareholders (JPHC folk) differently than another class (APOA folk). They may have *wanted* to, then found out that's not OK...
re the yellow number, I still have to make the assumption that compensation was based on pps in some way. Remember the 'intentionally withheld information' blocks on the APOA filing?
could be tick... BuyTex, apoa had free trading shares prior to the ticker change, and in my opinion they were simply transferred from apoa cusip to a paiv cusip and are free trading. The 8k only mentions the shares held by jphc holders. apoa shares were not mentioned as far as I remember. TMAN...
Posted by TickTrader on :
tman's right, we had a scenario where all JPHC shares and only APOA divvy shares would be restricted.
OK, BuyTex, I think... old jphc shares are not restricted. Take a GOOD look at the 14F1. Is this, or is this not, the exemption declaration that was absent to begin with? I just don't want to start something, when I may be looking at it upside down. Someone with SEC knowledge is needed. I could be 100% wrong.
I am not a member of DR Who and JPHC shares are restricted.
the JPHC shares converting were restricted...the 10x1 divi shares given to prior apoa holders were restricted so only the original apoa shares were free to trade and that was 55mil+ change. Trade was 600mil+ change Friday...ohoh. Quite an interesting development this is...we will watch and see...lol Lindy
Posted by Superbee383 on :
Ya know.. I can understand (though I don't like it) that dividends like AMSN are restricted, since we didn't pay for them. They were a gift of sorts. BUT.. we paid for our JPHC shares. So our hard-earned money is being held 'hostage' of sorts. We can't sell and get OUR money back. We can just sit and watch the stock go down to .0001 if that's where it's heading.. and do nothing?? So PAIV has our money, and we have no chance on getting it back till when? Somehow that just seems very illegal to me. PAIM divs are restricted, but not PAIM. BKMP is tradeable, though AMSN isn't... which is all fine. BUT to take our stock, do a merger or whatever they want to call it.. and then forbid us to sell? Has anyone checked the legality of this?
Posted by BuyTex on :
ya, SuperBee, that's sorta what I'm saying...
I won't be convinced this is "legal" till I see some better DD than we've seen so far...
On the other hand? the market is *not* saying the shares are restricted...am I right?
Posted by pepsiman on :
Hey guys, face it. They did two different press releases, both letting you know in advance that they would be restricted. They do that so when they do merge everybody doesn't sell their shares all at once leaving them hi and dry.It's protection for the company. If you don't have any faith in the company then you should have pulled your shares out before the merger. Get over it. PAIV is really solid now, no debt,no lawsuits. The stock should do well. Call it and investment.
Posted by PCola77 on :
Wow, this is some crazy crap.
Here's my story...
After hearing that Ameritrade peole were able to sell their stock I called Scottrade and they said I could sell, but I would be responsible if any changes were made to the transaction, like if the rate changed from .462 or whatever. I said fine, and sold my 10Mil JPHC shares (4.6mil PAIV) at an average of .0011. After reading all the stuff about having to buy back, I got a bit worried and called Scottrade again, asking if there was a chance that I had basically acidentally shorted the shares, and could i be liable for having to buy them back at market price. He said yes, that was possible, but until he had confirmation that they were restricted, he didn't want to tell me to buy then back (at this time it was trading at about .0014-.0015, so I'd be out like 30%+). Eventually it dropped back to .0009-.0010, and so I bought my 4.6million back at .0010. So now I'm back to where I started, but made $400 on the "short sale" and "cover". Almost makes up for the $6K tha I lost on it in the first place...
After reading through this whole thread, and all the PRs, I still have NO FREAKING CLUE what I am/was supposed to do. Hopefully this all gets sorted out quickly on Monday, because I'm too busy at work to be reading the internet all day.
Good luck to anyone who's involved here, and if you're not, for the sake of your own sanity, stay out! Posted by TickTrader on :
Thanks for the info, PCola! Great advice, too.
Here's hoping for a cannonball effect tomorrow, pick up some more cheap shares that won't be questionable.
Posted by BuyTex on :
quote:Originally posted by pepsiman: Hey guys, face it. They did two different press releases, both letting you know in advance that they would be restricted. They do that so when they do merge everybody doesn't sell their shares all at once leaving them hi and dry.It's protection for the company. If you don't have any faith in the company then you should have pulled your shares out before the merger. Get over it. PAIV is really solid now, no debt,no lawsuits. The stock should do well. Call it and investment.
except, this issue remains: Freely trading Company A can not take over freely trading Company B, and leave Company B's shareholders with non-tradeable stock...
OK, back up--they're not *supposed* to be able to do that...
read the thread, and you will see at least two good examples in which "supposed to" follow-the-regs turned against traders when broker/dealers were threatened. In both cases, the buy-in provisions were set aside.
All I can say, at this point, is the company apparently screwed up its play... if broker/dealers are not in peril, could be huge
Vice-versa? could be suspended
Posted by BuyTex on :
quote:Originally posted by PCola77: Wow, this is some crazy crap.
Here's my story...
After hearing that Ameritrade peole were able to sell their stock I called Scottrade and they said I could sell, but I would be responsible if any changes were made to the transaction, like if the rate changed from .462 or whatever. I said fine, and sold my 10Mil JPHC shares (4.6mil PAIV) at an average of .0011. After reading all the stuff about having to buy back, I got a bit worried and called Scottrade again, asking if there was a chance that I had basically acidentally shorted the shares, and could i be liable for having to buy them back at market price. He said yes, that was possible, but until he had confirmation that they were restricted, he didn't want to tell me to buy then back (at this time it was trading at about .0014-.0015, so I'd be out like 30%+). Eventually it dropped back to .0009-.0010, and so I bought my 4.6million back at .0010. So now I'm back to where I started, but made $400 on the "short sale" and "cover". Almost makes up for the $6K tha I lost on it in the first place...
After reading through this whole thread, and all the PRs, I still have NO FREAKING CLUE what I am/was supposed to do. Hopefully this all gets sorted out quickly on Monday, because I'm too busy at work to be reading the internet all day.
Good luck to anyone who's involved here, and if you're not, for the sake of your own sanity, stay out!
Pcola--have seen this play out before. Just for grins, how about asking Scottie, "Since I can *not* short pennies, how is it suddenly I'm allowed to short pennies?"
Posted by same on :
gapping a bit to .0011 x .0012, maybe a sign of good things to come...
Posted by GSilk316 on :
Scottrade still not showing up as PAIV, still has JPHC# NA
Posted by madmoney on :
going up, .0012X.0013, printing .0013! whats up with this stuff?
Posted by ARTTEACHER on :
anyone call Scottrade? Mine is the same too...
Posted by Tyler_Durden007 on :
People know that it is at these levels by a mistake and shouldn't be this low. Their getting shares now while they can. Incredibly undervalued right now!
Posted by ARTTEACHER on :
anyone call Scottrade? Mine is the same too...
Posted by madmoney on :
printing .0014 up 27 percent!
Posted by Tyler_Durden007 on :
all buys!
Posted by Tyler_Durden007 on :
Volume is crazy, goes from 40 million to 65 million within a minute!
Posted by Repoman75 on :
Damn I should have bought.
Posted by madmoney on :
friday the low was .0008 the high was .0024, whats going to happen today.
Posted by superman7 on :
SHAKERZZZ IS BUYING
So i am in
goodluck all
Posted by superman7 on :
PAIV..wow the ask side is thin!
Posted by madmoney on :
it shure is superman7! .0018 then .002 comming up
Posted by PCola77 on :
OK, I just talked to Scottrade and they told me that the shares are NOT restricted. If they were, it would have to be explicitly stated in the (I forget the word he used, but I think this is the one) "legend". I told him that all the PRs said they were going to be restricted. He said it's possible that the company intended for them to be restricted but messed something up on the paperwork.
Please don't do anything (buy or sell) based on this, because I can't guarantee that the guy was right, but that's the info that I got.
Maybe if PAIV does release a PR soon we'll get a better idea of what's going on. Has anyone called them yet this morning?
Posted by ARTTEACHER on :
FYI-Just called Scottrade....they have not received the new info from the transfer agent..should be a few days they said before our shares relfect new symbol
Posted by Hannibull on :
I just got this email from Ameritrade
From: "TD AMERITRADE Apex" <apexclientservices*tdameritrade.com> To: "xxxxxx" <xxxxx*xxxx.COM> Sent: Monday, May 22, 2006 9:48 AM Subject: Re: Reorganization and Dividends (KMM31437398I17490L0KM)
xxxxxxx,
At this time we have not received any official indication from the company that the shares of PAIV which you received are restricted shares; therefore you do not have to buy them back. If we receive information from the company that the shares are restricted shares you would then have to buy back the shares to cover any shares which you have sold.
Debra A. Apex Reorganization and Safekeeping, TD AMERITRADE Division of TD AMERITRADE, Inc.
Posted by matto on :
ok i looked into it and i bought in!!!!
Posted by Repoman75 on :
Sell it! No squeeze!
Posted by eagleye on :
Just taked to Glen from Paiv IR and all JPHC, APOA divi shares are restricted. The total OS shares 55 million and float is around 28 million. Sounds like the people that sold there restricted shares on friday could be in a world of hurt if they don't buy them back.
Posted by superman7 on :
man this one was a tough fill
well i just got in thought i was in earlier but no i just got in
this can be big
from shakerzzz
"PAIV >>> GONNA EXPLODE ON ROIDZZZZZZZ >BOOOOM"
Posted by dkinvest on :
quote:Originally posted by Repoman75: Sell it! No squeeze!
Shouldn't we wait for the PR?
Posted by madmoney on :
I just sold a few that i bought at the low on friday just to see what would happen, they were sold above my sell price and above the ask at .00141? whats that about?
Posted by Tyler_Durden007 on :
quote:Originally posted by Repoman75: Sell it! No squeeze!
he says it because he's angry he didn't get in earlier, and wants to get in at lower prices. Predicatable!
Posted by Hannibull on :
pfff I bought back in at 0.001 on friday, the amount of money was so ridiculously low that it doesn't matter Posted by Tyler_Durden007 on :
quote:Originally posted by madmoney: I just sold a few that i bought at the low on friday just to see what would happen, they were sold above my sell price and above the ask at .00141? whats that about?
Just goes to show how valuable these PAIV shares are, MM's now that its incredibly undervalued so I'll hold my shares!
Posted by Tyler_Durden007 on :
.0014 x .0015!
Posted by AshyToClassy on :
The Ask is way thin. My L2's showing .0018 to .003.
Good Lord!!! This thing is an atomic bomb today.
Posted by madmoney on :
oops! .0016!?
Posted by Repoman75 on :
You're in idiot Tyler.
And DK - it seems JPHC forgot to file a restriction on the shares... they can't go back now and restrict them... it would be chaos.
I'm putting a Sell recommendation out there for this week.
Posted by NEL on :
What about those of us whose shares have yet to be converted?
Posted by PCola77 on :
LOL, we still have no idea what's going on. I'm not saying don't play this for momo or anything, but with all the conflicting info, be aware that either position is high risk/high reward.
As for Hannibull's e-mail, that seems ridiculous that Ameridtrade could possibly do something like that. "Here's your shares, sell them if you want to, but later we can tell you that you weren't allowed to, and you'd have to buy them back." Doens't seem like that would be legal.
Posted by superman7 on :
we are moving fast now
the 16's coming down!
Posted by traderofcents on :
If the float is only 28 million (approx) then we could see a short squeeze. Possibly into dollar land. People who sold restricted shares on Friday probably would have to cover! Do your own DD Good luck to all!
Posted by Tyler_Durden007 on :
Bid to .0016! Next stop, .002' Sucks you didn't get in Repo!
Posted by Repoman75 on :
This is going because Shakerzz and Superman are pumping.
When Shakerzz is done, it will tank. I think JPHC f$cked up and didn't restrict the shares. Therefore, they screwed themselves.
Posted by Tyler_Durden007 on :
.0017!
Posted by superman7 on :
repo i am not pumping..dude the momo is here i am not pumping saying anything about these shares i am just saying that i am buying because of the momo
please dont ever say i am pumping again because i am doing no such thing!
quote:Originally posted by Repoman75: This is going because Shakerzz and Superman are pumping.
When Shakerzz is done, it will tank. I think JPHC f$cked up and didn't restrict the shares. Therefore, they screwed themselves.
Posted by madmoney on :
whatever is going on i like it! just printed .0018 above the ask!
Posted by Repoman75 on :
Pumping = telling people "Look at this stock! It is going up because of XYZ (momo, news, whatever)"
Bashing = just the opposite.
Don't feel offended. Nothing wrong with either.
Posted by superman7 on :
1 mm left on the ask then we have 18!
Posted by dkinvest on :
quote:Originally posted by traderofcents: If the float is only 28 million (approx) then we could see a short squeeze. Possibly into dollar land. People who sold restricted shares on Friday probably would have to cover! Do your own DD Good luck to all!
dollarland? Come on dude, get real.
Posted by traderofcents on :
Repo, what are u talking about, on Friday u could'nt make a decision to buy when it was at .0010. Don't start bashing now just cause u did'nt get in! GLTA
Posted by Tyler_Durden007 on :
.0018 x .0019!!!!!
Posted by AshyToClassy on :
OH my GOD!!!!!!???
Posted by Tyler_Durden007 on :
Its taking off .002 x .002
Posted by Tyler_Durden007 on :
Thanks for the sell recommendiation REPO, LMAO
Posted by RWGATORBLUE on :
Got in at .0017 but tried this morning at .0014. Couldn't get it.
Posted by traderofcents on :
Registered: Mar 2006 | IP: Logged |
BuyTex Member
posted May 20, 2006 23:55 --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by MoneyMoneyMoney: hmm. Interesting indeed. After seeing that "common" shares were issued I now know my theory will not work. I'm not in and am glad for those of you who did make out.
Always remember to protect your capital and take some profit to keep you in the game. --------------------------------------------------------------------------------
M3, don't say you "know" cuz of anything I say. I'm simply reading what's up there.
I just like to bone up on these deals, to see what "the system" is capable of... in many cases, lol, capable of "doing to" traders...
Someone mentioned GLKC/GLCK(E) (whatever that ticker was), which in fact did pay off quite handsomely. I first ran across that ticker when doing DD for the GLUV/GVRP/MAMG fiasco... The former seemed to be the only "near-precedent" for the geekiness of the latter.
As many know, the GVRP error paid very well for Ameritrade clients who sold before it was suspended. The ratio was roughly this: $100 buy nets $15k pay-off, perhaps even $30k; that was "best-case," as it traded roughly $2 to $4 during the week of the screw-up and traded after the f/s mostly at .0001 but at times as high .0002 (some market orders went through at .00002--still a nice profit, but a sidenote worth mention if nothing other than evident "geekiness").
What I don't know is whether GLKC(?) alerted the powers that be to these kinds of foul-ups, or whether some fundamental threat to the powers was absent in the GLKC run. As far as I know, it was not suspended and still trades.
Alas, that has been neither the fate of GVRP (who apparently pushed through an illegal r/s post-suspension) nor of BCIT, another supposed MOASS, ie, "Mother of All Squeeze Plays." It, too, was headed for Trader Pay-off Legend status, when *it* too was suspended.
The details, regs broken and so forth are different, but the commonality is, as I believe "Repoman" has suggested, the broker/dealer community will *not* take a horse-whipping. In both cases (GVRP and BCIT), the buy-in provisions were suspended--basically, broker/dealers were let off the hook while investor/trader capital remains frozen in limbo to this day.
Another oddity than may pertain: In GVRP's case--which was brought to the attention of both the NASD *and* SEC before forward-split shares were traded, as well as the company *and* the TA--Ameritraders who received their shares "automatically" were at first assured by Ameritrade that no problem existed. Within about 72 hours, Ameritrade reversed its position and warned clients they could be "liable" for a short position.
Incredible! We traders can *not* short pennies...
Acting, I believe, from that sort of "salt of the earth" mentality, those traders who said, "Sure--sell 'em" profited at the ratio mentioned. But it was a tense period until the dough was banked...
Another thing--perhaps also mentioned by Repo--is that even if one is *in the right,* a brokerage can make it very tough to access your funds/account. One trader on this board--who ultimately prevailed with more than $10k--also had that same account frozen, for at least a day or two...
Anyway...a long-winded ramble, to be sure...but one that may provide some background for others--and explains my interest. Will follow along...and as others know may even play it...
--------------------
As per Buytex Post this weekend This has happened before!!! Do your own DD GLTA
Posted by Tyler_Durden007 on :
Next stop .005! LOL!
Posted by AshyToClassy on :
Ask stacked at .0023
Posted by RWGATORBLUE on :
Just got out at .0023. O' Wee doggy!
Posted by Repoman75 on :
If you're good at momo plays and banked this one, good job.
If you hold because you think it is going to .005, you're a moron and deserve to lose your money.
First the pump, then the dump.. and in this case, the HALT. Watch.
Posted by RWGATORBLUE on :
Not going to stay long in these pennies most of the time now. Seek to make 25-30% then I move on.
Posted by TheCreator on :
lil' dip get in before the next leg up.
Posted by Tyler_Durden007 on :
watch out for the profit takers!
Posted by madmoney on :
up 100 percent on over 361 million shares and it`s only 10:30!
Posted by RWGATORBLUE on :
Made 35% on my money off of this one. Only in America. Posted by PCola77 on :
Nevermind. I had posted something a minute ago, but it didn't come across the way I wanted to. I didn't want to seem liek I was bashing.
Posted by cowlowski on :
So have we found out if Jphc shareholds can sell?? or restricted?
Posted by TheCreator on :
here we go round 2, uptickin'
Posted by PCola77 on :
The guy I talked to at Scottrade said they are definitely not restricted, as he was looking at the paperwork and the spot where it would have to say "restricted".
Someone else posted that Ameritrde said that they could find out later that they were supposed to be restricted.
So to answer your question, No, we haven't found out yet
quote:Originally posted by cowlowski: So have we found out if Jphc shareholds can sell?? or restricted?
Posted by TheCreator on :
the volume on this is incredible.
Posted by j_mania on :
So who in the end will be right about the restriction status, PAIV or the brokerage houses?
Posted by TheCreator on :
well if brokerage houses are selling them and they are restricted...
they will have to buy them back and that'll be nice for the pps.
Posted by TheCreator on :
from another board.
HERE IS THE SCOOP!! DO NOT SELL YOUR DIVI SHARES!!!!!
IF you have the shares from the divi, DO NOT SELL. you may need to cover that position.
i have confirmed with sharehoder services (rep. of Plavis) that the divi shares where supose to be restricted AND they have been working on a remedy and PR in regards to this. They also said, the brokers are responsible for this mistake.
they told me if i recieved the divi shares that I SHOULD NOT SELL, because i may need to cover that position.
you can verify * 1-800-963-6532
DO YOUR OWN DD!!!!
GLTA!!
Posted by PCola77 on :
You'd have to think the brokerage houses would be more familiar with the rules than an individual company, but you never know. My bet is that the brokerage houses did NOT allow "restricted" shares to be sold with this kind of volume. If they had any doubts they would not have put temselves at risk for that kind of "short squeeze"
quote:Originally posted by j_mania: So who in the end will be right about the restriction status, PAIV or the brokerage houses?
Posted by PCola77 on :
See, that's the part I don't buy. I seriously doubt that multiple brokerage houses would coincidentally make the same error. If I'm wrong, I'll be happy for anyone who makes money on this, just be careful.
quote:They also said, the brokers are responsible for this mistake.
Posted by pepsiman on :
OK I just talk to my broker. Keep in mind that this was my 3rd call this morning.They originally told me that JPHC shares were not restricted. I argued with them and then they said they would look into it. I called them back later and again they said they said they were not restricted. At around 8:00 AM my time they called me up and stated that a mistake was made and that they are restricted and that it will be posted.
Posted by JARW on :
quote:Originally posted by pepsiman: OK I just talk to my broker. Keep in mind that this was my 3rd call this morning.They originally told me that JPHC shares were not restricted. I argued with them and then they said they would look into it. I called them back later and again they said they said they were not restricted. At around 8:00 AM my time they called me up and stated that a mistake was made and that they are restricted and that it will be posted.
who's your broker?
Posted by PCola77 on :
What broker was this? Who did you speak with? Feel free to PM me with the info if you don't want to post it. I'd like to confirm what you are saying.
quote:Originally posted by pepsiman: OK I just talk to my broker. Keep in mind that this was my 3rd call this morning.They originally told me that JPHC shares were not restricted. I argued with them and then they said they would look into it. I called them back later and again they said they said they were not restricted. At around 8:00 AM my time they called me up and stated that a mistake was made and that they are restricted and that it will be posted.
Posted by pepsiman on :
Mastertrader Phone number 1-888-692-3624
Posted by TheCreator on :
this is reminding me a lot of PGPM's run... if you guys remember it had a runup of about 100 percent in the AM.. then it held strong and traded sideways for a while. Then exploded in the afternoon for much larger gains. jmo.
Posted by TheCreator on :
even after this big run RSI is still in the 30's much more to come. also still well below the 50 and 200mda
Posted by Tyler_Durden007 on :
thats a bold statement!
Posted by Repoman75 on :
Creator, that's not true about PGPM. IT held for about 1/2 hour, then was up 300% by noon.
Posted by HorseRider on :
Not sure what it means but my paiv shares from jphc just changed symbols in my Rushtrade account tp paivxxz
Posted by ARTTEACHER on :
Can someone just dumb it down for me...Scottrade is not answering my questions...
I had/have a million shares of JPHC....will I now have a million of PAIV...thanks
Posted by letitrideboy on :
i would think the xxz mean restricted
Posted by gohigh on :
A nice upward move today. I bought this one for my son when it was JPHC, so I'm not selling it here. It's got a long upward way to go yet.
Posted by HorseRider on :
paivxxz may be the restricted shares. It shows no price and no value now
Posted by HorseRider on :
Artteacher
you will have 462320 of paivxxz
Posted by ARTTEACHER on :
quote:Originally posted by HorseRider: Artteacher
you will have 462320 of paivxxz
THANK YOU!!!
Posted by TheCreator on :
anyone know the o/s and float?
Posted by pepsiman on :
go to pink sheets click on company info
Posted by TheCreator on :
i did.. and saw 35 million, is that acurate? cause if it is... wow.
Posted by TheCreator on :
gonna have a nice consolidation over the lunch time then run in the afternoon!
Posted by PCola77 on :
I highly doubt that. This will either explode if a PR comes out saying that people have to buy back their merger shares, or collapse if they say people don't.
This stock won't follow any kind of "normal" trading pattern, it's going big in one direction or the other as soon as everything is cleared up.
quote:Originally posted by TheCreator: gonna have a nice consolidation over the lunch time then run in the afternoon!
Posted by gfinney on :
Someone's gonna have to knock down that EDGX wall at .0021 before another run.
Posted by TheCreator on :
just look at the chart, it is well below it's normal place.
who says a ton of people even sold their "restricted" shares... it's been moving up all day... that means people are buying, not selling.
quote:Originally posted by PCola77: I highly doubt that. This will either explode if a PR comes out saying that people have to buy back their merger shares, or collapse if they say people don't.
This stock won't follow any kind of "normal" trading pattern, it's going big in one direction or the other as soon as everything is cleared up.
quote:Originally posted by TheCreator: gonna have a nice consolidation over the lunch time then run in the afternoon!
Posted by PCola77 on :
Be careful here folks. this is very thin on the way down and a lot of big sells are going through now.
I keep trying to say this without sounding like I'm bashing, and i think I'm failing miserably.
I just want everyone to be careful and not think this is a sure thing.
Posted by dkinvest on :
They sold their shares friday, and today they're buying back to save their butts.
Posted by TheCreator on :
yes there are some sells going through now... mm's are eating them up.. this is normal lunch time activitys...
i'm betting it rises this pm.
mm's just loading up.
quote:Originally posted by PCola77: Be careful here folks. this is very thin on the way down and a lot of big sells are going through now.
I keep trying to say this without sounding like I'm bashing, and i think I'm failing miserably.
I just want everyone to be careful and not think this is a sure thing.
Posted by PCola77 on :
LOL, that's some pretty good wishful thikning there. You realize that this was down over 90% on Friday right? And on volume of I think 10-12x the supposed float? It's moving up today, yes, but it's still down almost 80% from Thursday's close. If you don't think that was because people dumped their merger shares, you're crazy.
quote:Originally posted by TheCreator: just look at the chart, it is well below it's normal place.
who says a ton of people even sold their "restricted" shares... it's been moving up all day... that means people are buying, not selling.
quote:Originally posted by PCola77: I highly doubt that. This will either explode if a PR comes out saying that people have to buy back their merger shares, or collapse if they say people don't.
This stock won't follow any kind of "normal" trading pattern, it's going big in one direction or the other as soon as everything is cleared up.
quote:Originally posted by TheCreator: gonna have a nice consolidation over the lunch time then run in the afternoon!
Posted by pepsiman on :
just talk to my broker again and he said that they are calling all who sold JPHC restricted shares that they ultimately responsable. In other words they can buy back now at the present price, hope it goes down and then buy back or they may be forced to buy back at a higher price later.
Posted by dkinvest on :
Volume today has surpassed friday's volume.
Posted by TheCreator on :
i was talkinga bout today only not thurs or friday, i wasn't really following it then.
all i know is it's going to be interesting. one way or another
quote:Originally posted by PCola77: LOL, that's some pretty good wishful thikning there. You realize that this was down over 90% on Friday right? And on volume of I think 10-12x the supposed float? It's moving up today, yes, but it's still down almost 80% from Thursday's close. If you don't think that was because people dumped their merger shares, you're crazy.
quote:Originally posted by TheCreator: just look at the chart, it is well below it's normal place.
who says a ton of people even sold their "restricted" shares... it's been moving up all day... that means people are buying, not selling.
quote:Originally posted by PCola77: I highly doubt that. This will either explode if a PR comes out saying that people have to buy back their merger shares, or collapse if they say people don't.
This stock won't follow any kind of "normal" trading pattern, it's going big in one direction or the other as soon as everything is cleared up.
quote:Originally posted by TheCreator: gonna have a nice consolidation over the lunch time then run in the afternoon!
Posted by PCola77 on :
Well then I hope you can see my point that there's a reason this is trading like it is, and it's got nothing to do with charts, MACD, RSI, moving s=averages or anything else.
And I agree completely with your last point. Shoul dbe very interesting, and I just hope nobody gets hurt too badly one way or the other.
quote:i was talkinga bout today only not thurs or friday, i wasn't really following it then.
all i know is it's going to be interesting. one way or another
Posted by AshyToClassy on :
quote:Originally posted by dkinvest: Volume today has surpassed friday's volume.
Correction EOD volume was over 600 mil
Posted by traderofcents on :
Just a scenario that may or may not play out for the share price of PAIV, With only 28 million (approx) float and possibly many shareholders who possibly sold restricted shares (thinking they were not restricted) this could create a problem for them. By selling restricted shares they in essence have shorted shares of PAIV. As traders, from what I understand we are not allowed to short these penny stocks. If this is the case then all of these shorted shares would have to be covered! Not to mention at the same time if the market makers were accumulating on friday & this morning they could hold a substantial amount of shares above the float of the PAIV shares. If this is the case they could hold those shares waiting for a substantially higher selling price when all these shares have to be COVERED! Alls it would take is a PR to come out stating the fact that former JPHC & Former divi APOA shares are in fact RESTRICTED. Just a thought Do your own DD GLTA
Posted by TheCreator on :
i see a big squeeze coming all the boards are reporting the the shares are infact restricted and that people must buy these back... brokers fault.. the shares have not even been issued from the TA yet.
gonna be a crazy one. PR supposed to be in the works.
quote:Originally posted by PCola77: Well then I hope you can see my point that there's a reason this is trading like it is, and it's got nothing to do with charts, MACD, RSI, moving s=averages or anything else.
And I agree completely with your last point. Shoul dbe very interesting, and I just hope nobody gets hurt too badly one way or the other.
quote:i was talkinga bout today only not thurs or friday, i wasn't really following it then.
all i know is it's going to be interesting. one way or another
Posted by PCola77 on :
Wow, did you think of that yourself?
Just kidding, but that's what we've been discussing for 8 pages now.
quote:Originally posted by traderofcents: Just a scenario that may or may not play out for the share price of PAIV, With only 28 million (approx) float and possibly many shareholders who possibly sold restricted shares (thinking they were not restricted) this could create a problem for them. By selling restricted shares they in essence have shorted shares of PAIV. As traders, from what I understand we are not allowed to short these penny stocks. If this is the case then all of these shorted shares would have to be covered! Not to mention at the same time if the market makers were accumulating on friday & this morning they could hold a substantial amount of shares above the float of the PAIV shares. If this is the case they could hold those shares waiting for a substantially higher selling price when all these shares have to be COVERED! Alls it would take is a PR to come out stating the fact that former JPHC & Former divi APOA shares are in fact RESTRICTED. Just a thought Do your own DD GLTA
Posted by gfinney on :
Someone recieved this email on another board from ameritrade..
At this time we have not received any official indication from the company that the shares of PAIV which you received are restricted shares. If we receive information from the company that the shares are restricted shares you would then have to buy back the shares at the market to cover any shares which you have sold. The price for the shares which you buy back would be the current market price.
Apex Reorganization and Safekeeping, TD AMERITRADE Division of TD AMERITRADE, Inc.
Posted by dkinvest on :
DOH!!!
I'm buying more!!
Posted by TheCreator on :
wow.. when the PR hits (if it does) that everyone must buy back their shares... this thing is going to fly.
Posted by letitrideboy on :
agreed, this has to be one of the more interesting stocks to have watched this year! I got out before the swap but I am still watching :-)
Posted by Hannibull on :
gfinney I got a similar email, so this is confirmed (check page 7 7th post from the top)
good luck to all
Posted by cowlowski on :
anyone else having problems taking to a scottrade broker about wtf is going on???
Posted by traderofcents on :
Exactly Creator, that's my take on this situation. I talked to Glenn this morning at Paiv (1-800-963-6471) He said as soon as the CEO gets info on what exactly has happened, a PR would be released from the company. Do your own DD. GLTA!
Posted by letitrideboy on :
lol this CEO must be pulling his hair out, and on the war path LOL
Posted by BuyTex on :
quote:Originally posted by traderofcents: Exactly Creator, that's my take on this situation. I talked to Glenn this morning at Paiv (1-800-963-6471) He said as soon as the CEO gets info on what exactly has happened, a PR would be released from the company. Do your own DD. GLTA!
my spider sense tingling...
Did he mention how it is that CEO is so slow in getting "info on what exactly has happened" ?
Posted by dkinvest on :
from ihub:
PAIV > lol I just got off of the phone with IR for Paivus. Apparently the transfer agent has not even issued the certs yet. The shares should not have appeared...and should not have been allowed to trade. In essence..the shares do not even exist yet. They are currently in a meeting and they are on the horn with Ameritrade and the SEC and others and they want this resolved quickly. It is in basic terms much like naked shorting of the stock which as been taking place. I implicitly asked and those were his words. There are currently 55 million shares outstanding
Posted by TheCreator on :
from another board
SO BASICLLY > i have almost 2x the o/s lmfaooo >> PAIV > lol I just got off of the phone with IR for Paivus. Apparently the transfer agent has not even issued the certs yet. The shares should not have appeared...and should not have been allowed to trade. In essence..the shares do not even exist yet. They are currently in a meeting and they are on the horn with Ameritrade and the SEC and others and they want this resolved quickly. It is in basic terms much like naked shorting of the stock which as been taking place. I implicitly asked and those were his words. There are currently 55 million shares outstanding
Posted by letitrideboy on :
lol the S is going to hit the fan! *takes cover*
Posted by TheCreator on :
dk you beat me lol
Posted by pepsiman on :
just looked at pink sheets and saw a nw pr on PAIV.I got an idea and called Bellwethereoprts about the confussion. They said they would look into it and post what find out.
Posted by Hannibull on :
on friday I bought the shares I sold back at a lower price just because the amount of money from the converted shares was so ridiculously low, but I also bought more than the amount I got from the conversion... If they are indeed restricted, will only the amount I got from the conversion be restricted? Or will all shares be restricted. Also since I have more shares now than when they were converted, I guess no further action needs to be taken correct?
Posted by TheCreator on :
Just looked in the 8k on pinksheets... it says right in the SEC filing.
" Item 3.02 Unregistered Sales of Equity Securities
On May 11, 2006, and pursuant to the consummation of the Merger Agreement, the Registrant will cause to issue 4,623,208,507 Common Shares (the “Shares”) to the shareholders of Jupiter as of the effective date of the Merger Agreement. The Common Shares will be issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933. "
Posted by letitrideboy on :
if you sold your shares, buy them back! :-)
Posted by no_patience on :
On Friday we knew something wasn't quite right. How many calls did PAIV take? They had the weekend. It must be a long monday morning again taking all those calls.
I think there must be a bigger problem. If it was a case of - Oh, they were restricted, but we forgot to check the box - that should be an easy fix and that PR would not have taken ...er.. 72+ hours.
Anybody know the qualifications of the CFO?
Posted by traderofcents on :
ltitrideboy, I agree! GLTA!
Posted by madOIL on :
well this "should" fly this week if everyone has to cover what they sold nice!!!
Posted by no_patience on :
On Friday we knew something wasn't quite right. How many calls did PAIV take? They had the weekend. It must be a long monday morning again taking all those calls.
I think there must be a bigger problem. If it was a case of - Oh, they were restricted, but we forgot to check the box - that should be an easy fix and that PR would not have taken ...er.. 72+ hours.
Anybody know the qualifications of the CFO?
Posted by TimLV on :
Check this out guys, just some more info to throw into the pot.
Seems they are restricted from what all the signs are saying.
Posted by TheCreator on :
and the squeeze begins.
Posted by BuyTex on :
we've covered this ground; no way to determine what the company actually filed...
Need to stay alert to what various brokerages are doing...before BCIT got suspended over fraudlent shares, brokers started restricting trading...
Posted by PCola77 on :
Wow, I've never seen a squeeze where the bid drops 2 ticks.
Jump the gun there, creator?
quote:Originally posted by TheCreator: and the squeeze begins.
Posted by madmoney on :
I think the brokers may be on the hook for this screw up!, if they try to force sellers to buy to cover i would say screw you! you made the misteak they should not have allowed the trade to go through, such trades may well be cancelled buy the brokers before the settlement date. just a thought.
Posted by TheCreator on :
i don't see the bid dropping 2 ticks either..
it was * .0020 briefly, back to .0019
how's that too?
forget how to do math there cola?
quote:Originally posted by PCola77: Wow, I've never seen a squeeze where the bid drops 2 ticks.
Jump the gun there, creator?
quote:Originally posted by TheCreator: and the squeeze begins.
Posted by TheCreator on :
two*
i forgot how to spell Posted by AshyToClassy on :
quote:Originally posted by PCola77: Wow, I've never seen a squeeze where the bid drops 2 ticks.
Jump the gun there, creator?
quote:Originally posted by TheCreator: and the squeeze begins.
LMAO!!!!! Posted by BuyTex on :
quote:Originally posted by madmoney: I think the brokers may be on the hook for this screw up!, if they try to force sellers to buy to cover i would say screw you! you made the misteak they should not have allowed the trade to go through, such trades may well be cancelled buy the brokers before the settlement date. just a thought.
Have you ever seen a deal in which traders successfully told brokers to screw off?
Posted by madOIL on :
if you held jphc got shares from apoa yep they r restricted look at filings on pinksheets.com YEP RESTRICTED no QUESTION
On May 11, 2006, and pursuant to the consummation of the Merger Agreement, the Registrant will cause to issue 4,623,208,507 Common Shares (the “Shares”) to the shareholders of Jupiter as of the effective date of the Merger Agreement. The Common Shares will be issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933. "
Item 1.01 Entry Into Material Definitive Agreement
This Current Report of Form 8-K/A amends the Current Report filed by the Registrant on April 25, 2006. On April 21, 2006, APO Health, Inc., a Nevada corporation (“APO”), entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with APO Health Acquisition Corp, Inc., a Nevada corporation and wholly-owned subsidiary of APO (“APO Acquisition”), and Jupiter Global Holdings, Corp., a Nevada corporation (“Jupiter”). The Merger Agreement provided that upon the terms and subject to the conditions set forth in the Merger Agreement, APO Acquisition will merge with and into Jupiter, with Jupiter being the surviving corporation and a wholly-owned subsidiary of APO.
On May 11, 2006, the above-referenced parties to the Agreement and Plan of Merger consummated the Merger Agreement and the Merger Agreement became effective as of May 11, 2006, the date that the Articles of Merger were accepted for filing by the Nevada Secretary of State. As of May 11, 2006, APO changed its name to PAIVIS, Corp. (“PAIVIS”) and a trading symbol for PAIVIS will be announced shortly.
As of May 11, 2006, each share of Common Stock of Jupiter issued and outstanding immediately prior to the Effective Time of the Merger Agreement was converted into and become a right to receive 0.46232085067036500 of a share of common stock of APO (the “Conversion Price”), and are automatically canceled and retired and cease to exist as of the Effective Time of the Merger.
The Merger Agreement provides that the Shares of Common Stock to be received by Jupiter (now PAIVIS) shareholders will not be registered under the Securities Act of 1933, or the securities laws of any state, and absent an exemption from registration contained in such laws, CANNOT BE TRANSFERRED, HYPOTHECATED, SOLD OR DISPOSED OF UNTIL; (i) a registration statement with respect to such securities is declared effective under the Securities Act of 1933, or (ii) PAIVIS receives an opinion of counsel for PAIVIS that an exemption from the registration requirements of the Securities Act is available.
A copy of the Merger Agreement is filed as Exhibit 10.1 to Form 8-K filed by APO on April 25, 2006 and is incorporated by reference herein. The foregoing summary of the Merger Agreement is qualified by the Merger Agreement in its entirety.
Item 3.02 Unregistered Sales of Equity Securities
On May 11, 2006, and pursuant to the consummation of the Merger Agreement, the Registrant will cause to issue 4,623,208,507 Common Shares (the “Shares”) to the shareholders of Jupiter as of the effective date of the Merger Agreement. The Common Shares will be issued as RESTRICTED SECURITITES and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933.
RESTRICTED SHARES ALL SIGNS POINT TO IT
Posted by gfinney on :
No one is arguing whether or not JPHC share's were supposed to be restricted. The fact is that Yes they were 100% supposed to be restricted. The question is how does this mess get cleaned up!
Posted by dkinvest on :
Squeeze to a dollar and beyond!!!!!!!!!!!!!!
Posted by PCola77 on :
I don't think anyone thinks that the shares weren't INTENDED by APO to be restricted, but if they filled ou tthe paperwork incorrectly and the shares were not actually created as restricted stock, then they are not restricted, regardless of the company's intent.
THAT is the big issue here.
quote:Originally posted by madOIL: if you held jphc got shares from apoa yep they r restricted look at filings on pinksheets.com YEP RESTRICTED no QUESTION
On May 11, 2006, and pursuant to the consummation of the Merger Agreement, the Registrant will cause to issue 4,623,208,507 Common Shares (the “Shares”) to the shareholders of Jupiter as of the effective date of the Merger Agreement. The Common Shares will be issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933. "
Item 1.01 Entry Into Material Definitive Agreement
This Current Report of Form 8-K/A amends the Current Report filed by the Registrant on April 25, 2006. On April 21, 2006, APO Health, Inc., a Nevada corporation (“APO”), entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with APO Health Acquisition Corp, Inc., a Nevada corporation and wholly-owned subsidiary of APO (“APO Acquisition”), and Jupiter Global Holdings, Corp., a Nevada corporation (“Jupiter”). The Merger Agreement provided that upon the terms and subject to the conditions set forth in the Merger Agreement, APO Acquisition will merge with and into Jupiter, with Jupiter being the surviving corporation and a wholly-owned subsidiary of APO.
On May 11, 2006, the above-referenced parties to the Agreement and Plan of Merger consummated the Merger Agreement and the Merger Agreement became effective as of May 11, 2006, the date that the Articles of Merger were accepted for filing by the Nevada Secretary of State. As of May 11, 2006, APO changed its name to PAIVIS, Corp. (“PAIVIS”) and a trading symbol for PAIVIS will be announced shortly.
As of May 11, 2006, each share of Common Stock of Jupiter issued and outstanding immediately prior to the Effective Time of the Merger Agreement was converted into and become a right to receive 0.46232085067036500 of a share of common stock of APO (the “Conversion Price”), and are automatically canceled and retired and cease to exist as of the Effective Time of the Merger.
The Merger Agreement provides that the Shares of Common Stock to be received by Jupiter (now PAIVIS) shareholders will not be registered under the Securities Act of 1933, or the securities laws of any state, and absent an exemption from registration contained in such laws, CANNOT BE TRANSFERRED, HYPOTHECATED, SOLD OR DISPOSED OF UNTIL; (i) a registration statement with respect to such securities is declared effective under the Securities Act of 1933, or (ii) PAIVIS receives an opinion of counsel for PAIVIS that an exemption from the registration requirements of the Securities Act is available.
A copy of the Merger Agreement is filed as Exhibit 10.1 to Form 8-K filed by APO on April 25, 2006 and is incorporated by reference herein. The foregoing summary of the Merger Agreement is qualified by the Merger Agreement in its entirety.
Item 3.02 Unregistered Sales of Equity Securities
On May 11, 2006, and pursuant to the consummation of the Merger Agreement, the Registrant will cause to issue 4,623,208,507 Common Shares (the “Shares”) to the shareholders of Jupiter as of the effective date of the Merger Agreement. The Common Shares will be issued as RESTRICTED SECURITITES and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933.
RESTRICTED SHARES ALL SIGNS POINT TO IT
Posted by BuyTex on :
madOIL, clearly the company *intended* to arrive at some sort of restricted issue. The question is n longer what *was* published, but what in fact was *legally* done.
Fellas, do we know whether the shares in dispute all came from Ameritrade? ie, has anyone received shares from any other broker?
Posted by traderofcents on :
dkinvest, I agree! Dollar Land & beyond. GLTA!!
Posted by PCola77 on :
Well, I guess it depends how you look at it. When you posted your squeeze comment, buys were going through at .0021, which indicates someone was bidding .0021. Now it's at .0019. I see your point though, because I'm not sure what the "bid" is considered technically, but I'd think a bid and ask have to match for a sale to go through.
And don't worry about the spelling, typos happen If you were too type that two many times I'd worry, but once in a while mistakes happen.
quote:Originally posted by TheCreator: i don't see the bid dropping 2 ticks either..
it was * .0020 briefly, back to .0019
how's that too?
forget how to do math there cola?
quote:Originally posted by PCola77: Wow, I've never seen a squeeze where the bid drops 2 ticks.
Jump the gun there, creator?
quote:Originally posted by TheCreator: and the squeeze begins.
Posted by pepsiman on :
dkinvest, I agree! Dollar Land & beyond. GLTA!! Posted by AshyToClassy on :
quote:Originally posted by traderofcents: dkinvest, I agree! Dollar Land & beyond. GLTA!!
Well they'll need that price if they wanna get their a.s.s.e.s on Nasdaq or Amex
Posted by PCola77 on :
Tex, I know thre were others, but I forget the names. There were a few mentioned at various points in this thread. I'd look for them myself, but I don't feel like it
quote:Originally posted by BuyTex: madOIL, clearly the company *intended* to arrive at some sort of restricted issue. The question is n longer what *was* published, but what in fact was *legally* done.
Fellas, do we know whether the shares in dispute all came from Ameritrade? ie, has anyone received shares from any other broker?
Posted by TimLV on :
If this hits a dollar, and I sadly don't see that happening, I am just gonna retire.
Posted by gfinney on :
DK, I'd be happy with pennyland right now nevermind dollarland! (although it would be nice!)
Posted by TheCreator on :
yeah i don't see dollar coming anytime soon.. i'd just like to get past .01
Posted by BuyTex on :
PC, roger, that...simply trying to determine who may be on the hook--if only one or two brokers, they may get told *they* have to cover...if *indeed* covering is necessary. If we accept the reported messages re TA, SEC, Ameritrade as true, then prolly that's what happening now: bean counters bent over calculators, tallying up who gets hit, with what...
Posted by Repoman75 on :
Brokers never HAVE to take a hit... they may for customer relations, but they never have to.
Customers will either get out even, or lose their azzes.
Posted by TheCreator on :
yeah hopefully a pr is released with what is going on and what is going to solve the problem...
quote:Originally posted by BuyTex: PC, roger, that...simply trying to determine who may be on the hook--if only one or two brokers, they may get told *they* have to cover...if *indeed* covering is necessary. If we accept the reported messages re TA, SEC, Ameritrade as true, then prolly that's what happening now: bean counters bent over calculators, tallying up who gets hit, with what...
Posted by Hannibull on :
buytex, if covering needs to take place, then why does Ameritrade tell me that WE the investors are going to have to cover? I don't like that outcome at all, in fact I find it totally unfair, they screwed up, they should cover, not us. I mean the share price is up 72% right now!
Posted by madmoney on :
how many posters here sold thier restricted shares friday or today?
Posted by PCola77 on :
This is the part that just doens't make sense to me. How can they put shares in your account, not tell you that you can't trade them, then tell you that you have to buy them back? There's no way in hell that their argument could be "You should have known that they were restricted." Just doesn't make sense that they could do that.
quote:Originally posted by Hannibull: buytex, if covering needs to take place, then why does Ameritrade tell me that WE the investors are going to have to cover? I don't like that outcome at all, in fact I find it totally unfair, they screwed up, they should cover, not us. I mean the share price is up 72% right now!
Posted by BuyTex on :
quote:Originally posted by Hannibull: buytex, if covering needs to take place, then why does Ameritrade tell me that WE the investors are going to have to cover? I don't like that outcome at all, in fact I find it totally unfair, they screwed up, they should cover, not us. I mean the share price is up 72% right now!
As mentioned, the powers that be are aptly named...I have no answers, either. Looks like fire or ice, at this point...although I would *not* expect Ameritrade to say, "Don't worry, we'll eat it and buy them back ourselves, if need be." To me though, they're on a bit of a hook if indeed clients have kept records of earlier assurances that no problem exists...
Posted by MoneyMoneyMoney on :
quote:Originally posted by Hannibull: buytex, if covering needs to take place, then why does Ameritrade tell me that WE the investors are going to have to cover? I don't like that outcome at all, in fact I find it totally unfair, they screwed up, they should cover, not us. I mean the share price is up 72% right now!
Can you scan and/or paste that to the board? I think I will jump in for a few hundred to see what happens. Small money cause I'm so unsure.
You have a LOOOOOONG ways to a dollar. If it ever does. I highly doubt it.
Posted by j_mania on :
from another board
The truth... read it if you wish.
I had 2.5 million shares of jphc, not much. Once converted on Friday it turned to 1.15 million or so of PAIV. I sold Friday for .0017. I then got to reading on the message boards and calling PAIV and TDAmeritrade.
I was told by PAIV that the shares were restricted and they assumed there would be a reversal.
I was told by Ameritrade to review their Terms and Conditions Section/Paragraph 31. It would show they are not liable. I then got the following email from TDA:
At this time we have not received any official indication from the company that the shares of PAIV which you received are restricted shares. If we receive information from the company that the shares are restricted shares you would then have to buy back the shares at the market to cover any shares which you have sold. The price for the shares which you buy back would be the current market price.
Apex Reorganization and Safekeeping, TD AMERITRADE Division of TD AMERITRADE, Inc.
In the end, I re-bought this morning to cover myself at .0012. (Which actually works in my favor as a flip, talk about being lucky). I will now hold the exact number of shares until I hear otherwise. As you can see from the Ameritrade email, you would have to buy back at whatever market is. I can't afford not to cover.
Just trying to help those in my same situation
Posted by madOIL on :
Rule 144: Selling Restricted and Control Securities When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in the marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met. This overview tells you what you need to know about selling your restricted or control securities. It also describes how to have a restrictive legend removed.
What Are Restricted and Control Securities? Restricted securities are securities acquired in unregistered, private sales from the issuer or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company. Rule 144(a)(3) identifies what sales produce restricted securities.
Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities, even if they were not restricted in the affiliate's hands.
If you acquire restricted securities, you almost always will receive a certificate stamped with a "restricted" legend. The legend indicates that the securities may not be resold in the marketplace unless they are registered with the SEC or are exempt from the registration requirements. The certificates of control securities are usually not stamped with a legend.
What Are the Conditions of Rule 144? If you want to sell your restricted or control securities to the public, you can follow the conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
Holding Period. Before you may sell restricted securities in the marketplace, you must hold them for at least one year. The one-year period holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But an affiliate's resale is subject to the other conditions of the rule. Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, such as one an employee receives, the holding period always begins as of the date the option is exercised and not the date it is granted.
Adequate Current Information. There must be adequate current information about the issuer of the securities before the sale can be made. This generally means the issuer has complied with the periodic reporting requirements of the Securities Exchange Act of 1934.
Trading Volume Formula. After the one-year holding period, the number of shares you may sell during any three-month period can't exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of the sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
Ordinary Brokerage Transactions. The sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.
Filing Notice With the SEC. At the time you place your order, you must file a notice with the SEC on Form 144 if the sale involves more than 500 shares or the aggregate dollar amount is greater than $10,000 in any three-month period. The sale must take place within three months of filing the Form and, if the securities have not been sold, you must file an amended notice.
If you are not an affiliate of the issuer and have held restricted securities for two years, you can sell them without regard to the above conditions.
Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met? Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.
To begin the process, an investor should contact the company that issued the securities, or the transfer agent of the company's securities, to ask about the procedures for removing a legend. Since removing the legend can be a complicated process, if you're considering buying or selling a restricted security, it would be wise for you to consult an attorney who specializes in securities law.
What If a Dispute Arises Over Whether I Can Remove the Legend? If a dispute arises about whether a restricted legend can be removed, the SEC will not intervene. The removal of a legend is a matter solely in the discretion of the issuer of the securities. State law, not federal law, covers disputes about the removal of legends. Thus, the SEC will not take action in any decision or dispute about removing a restrictive legend.
quote:Originally posted by PCola77: This is the part that just doens't make sense to me. How can they put shares in your account, not tell you that you can't trade them, then tell you that you have to buy them back? There's no way in hell that their argument could be "You should have known that they were restricted." Just doesn't make sense that they could do that.
quote:Originally posted by Hannibull: buytex, if covering needs to take place, then why does Ameritrade tell me that WE the investors are going to have to cover? I don't like that outcome at all, in fact I find it totally unfair, they screwed up, they should cover, not us. I mean the share price is up 72% right now!
exactly my thoughts pcola77 and moneymoneymoney I'm talking about the small email I posted on page 7
Posted by sportsguy on :
So what does this mean for me if I owned shares of JPHC? Nothing is showing in my Scottrade account.
Posted by TheCreator on :
interesting info thanks Posted by pepsiman on :
Subject : URGENT: JPHC-PAIV
Go to previous message | Go to next message | Delete | Inbox
I just received notice from Penson of the following:
We have just been informed by the company that the shares ARE supposed to be restricted and that Bloomberg and DTC listed the information incorrectly. We are about to send out a global email to all correspondents.
Posted by dkinvest on :
doh!
Posted by TheCreator on :
UH OH
quote:Originally posted by pepsiman: Subject : URGENT: JPHC-PAIV
Go to previous message | Go to next message | Delete | Inbox
I just received notice from Penson of the following:
We have just been informed by the company that the shares ARE supposed to be restricted and that Bloomberg and DTC listed the information incorrectly. We are about to send out a global email to all correspondents.
Posted by PCola77 on :
This is getting out of control. We know that SOMEONE will have to buy back the shares if they were restricted. We know that APO INTENDED for the shares to be restricted. We know that Ameritrade and others allowed the shares to be sold, and we know that Scottrade has told me that the shares are not, and can not be restricted because there is no restriction text where it would need to be.
What we don't know is what the end result will be, and anyone who runs in here claiming "The shares are restricted, BUY BUY BUY!" or "The shares aren't restricted, SELL SELL SELL" are just stating their opinions.
We can all stop stating that they were supposed to be restricted, and there's basically not going to be any new info until some kind of PR comes out. Let's all relax for a bit, and once a PR comes out we can all go crazy again.
Posted by TimLV on :
Uh oh.....this should be interesting.
Posted by dkinvest on :
I'll sell my 400,000+ shares for 1.00/each
Any takers?
Posted by BuyTex on :
excerpt from madOIL's post, my italic:
quote:What Are Restricted and Control Securities? Restricted securities are securities acquired in unregistered, private sales from the issuer or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company. Rule 144(a)(3) identifies what sales produce restricted securities.
The only thing I see in there that might apply is the "reg D" part; clearly none other applies...
Posted by madOIL on :
buytex, just posting some info from SEC website about restricted shares from mergers or other. i am not trying to sway anyones' mind from selling or buying, just posting some info for everyone to read and decide for themselves honestly looks like those shares that were sold will have to be covered, by whom, i dunno will be interesting to watch to find out
Posted by MoneyMoneyMoney on :
ok, picked up my 100k for kicks and giggles. Lets see a penny again!!
14:16:59 of 100k was mine.
Posted by BuyTex on :
quote:Originally posted by PCola77: This is getting out of control. We know that SOMEONE will have to buy back the shares if they were restricted. We know that APO INTENDED for the shares to be restricted. We know that Ameritrade and others allowed the shares to be sold, and we know that Scottrade has told me that the shares are not, and can not be restricted because there is no restriction text where it would need to be.
What we don't know is what the end result will be, and anyone who runs in here claiming "The shares are restricted, BUY BUY BUY!" or "The shares aren't restricted, SELL SELL SELL" are just stating their opinions.
We can all stop stating that they were supposed to be restricted, and there's basically not going to be any new info until some kind of PR comes out. Let's all relax for a bit, and once a PR comes out we can all go crazy again.
PC, good post... Scottie indeed does *try* to go by the book; I happen to believe they are right about "cannot be restricted." However, I've also seen Scottie roll over when directed to by the TA & company...
What's now interesting is Penson (ChoiceTrade, Lowtrades, etc) is now pointing the finger also at DTC...that thickens the soup a bit.
Posted by dkinvest on :
If they have to buy back their restricted shares that they sold, how long do they have to do it?
Would there be a deadline?
Posted by TimLV on :
FUBAR. That describes this stocks situation perfectly I think.
Posted by gfinney on :
HA HA! Take a look at CCPH! It's what we're going to look like here shortly! Posted by wildweb on :
;-) that would be nice
Posted by TimLV on :
quote:Originally posted by gfinney: HA HA! Take a look at CCPH! It's what we're going to look like here shortly!
If you are right, drinks are on me Posted by dkinvest on :
lol.....anyone know the answer to my question?
Posted by BuyTex on :
quote:Originally posted by madOIL: buytex, just posting some info from SEC website about restricted shares from mergers or other. i am not trying to sway anyones' mind from selling or buying, just posting some info for everyone to read and decide for themselves honestly looks like those shares that were sold will have to be covered, by whom, i dunno will be interesting to watch to find out
mO, no swaying intended my part, either... it's very interesting, though. Several forces at work... state law vs SEC role, for one... plus, the whole resricted angle. It has become commonplace for scammy pennies to hype a dividend then issue restricted stock in some unknown, offbeat company, sometimes as part of an accompanying split, sometimes not. However, all shareholders are treated equally... I still can't imagine that APOA shareholders will be unaffected while former JPHC shareholders will hold restricted stock... add to that some have sold and already made other trades... quite the spectacle, it is
Posted by Repoman75 on :
DK, you would have 3 days.. like a margin call.
Posted by dkinvest on :
Thanks repo....btw, have you bought this chit yet?
Posted by captain america on :
dont mean to be a downer BUT my 300000 shares of lsta or lvsg or jphc oh wait i mean paiv are now worth a wopping ZERO! 300000 SHARES OF LSTA = .07 OF A SHARE OF PAIV these a$$es have a history.
Posted by Repoman75 on :
Buytex, you're making this more complicated than it is.
SEC will not get involved, neither will states. It will be ruled as a mistake. Either the company didn't restrict the shares, and they do now, and screw their shareholders, OR Ameritrade says "Oops" and forces buy ins. Either way, complain all you want, investor is going to lose.
Posted by gfinney on :
Anyone watching that ARCA bid 9999 shares? He's moved from .0017 to .0018 . He could smash that wall at .0021 and get things moving again if he's motivated!
Posted by BuyTex on :
quote:Originally posted by gfinney: HA HA! Take a look at CCPH! It's what we're going to look like here shortly!
quite a spread Posted by Repoman75 on :
Not buying now.. should have bought on Friday like I was pondering and yelling about.. but of course, my timing stinks.
MM's are now keeping this up in case buybacks come in.. they will azz rape those who have to buyback. But it won't move.. they'll unload shares at .002... and then dump this.
I'm staying away.
Posted by Repoman75 on :
Gfinney, ARCA is head faking you.. like Jordan used to do against the Knicks.
Posted by madOIL on :
buytex, i agree some strange forces at work, first of all, dividends for pennies, lol, with what income to pay shareholders, dividends in pennies - i personally dont even read that news (no income for shareholders, how can u pay divy -- in shares, no thanks ill take the cash divy from a big board player) restricted shares in pennys ROFLMAO - maybe 1 in a million will be worth it in a market as pennys are traded why would u want your money tied up in a company with a restricted stock that will more than likely be worth way less when you are able to trade say 1 yr from now, than it is worth the day before those shares were distributed ah just my mind, i am in with 100K no restrictions not looking for LongTerm hold here just playing pennys for fun!
Posted by dkinvest on :
quote:Originally posted by Repoman75: Not buying now.. should have bought on Friday like I was pondering and yelling about.. but of course, my timing stinks.
MM's are now keeping this up in case buybacks come in.. they will azz rape those who have to buyback. But it won't move.. they'll unload shares at .002... and then dump this.
I'm staying away.
Why wouldn't they ride this up to .01 and higher if buybacks were required? Why would they settle at .002?
Posted by Repoman75 on :
If they ride it up to .01, then EVERYONE is going to dump and the market will crash... Nope, here is where they will squeeze them.
Posted by BuyTex on :
quote:Originally posted by Repoman75: Buytex, you're making this more complicated than it is.
SEC will not get involved, neither will states. It will be ruled as a mistake. Either the company didn't restrict the shares, and they do now, and screw their shareholders, OR Ameritrade says "Oops" and forces buy ins. Either way, complain all you want, investor is going to lose.
lol, I *made* it complicated...
Actually, I agree that the company and TA may be able to get the brokers to roll over... that's what happened with GVRP... However, once the DTC got involved with BCIT, the risk was deemed too high, and the SEC suspended it...
The kicker to me is still the part about APOA shareholders vs JPHC shareholders...doubt that will fly, under scrutiny...
Posted by dkinvest on :
Posted by Repoman75 on :
And this isn't IBM merging with MSFT.. this is 2 crap companies. Think if they screw the pinky investors, there will be any ramifications or media?
No. You're all goign to get azz raped.
Posted by TheCreator on :
lots of buys coming in * .0021
Posted by PCola77 on :
EDGX just moved from the ask to the bid. Gulp.
Posted by MoneyMoneyMoney on :
We shall see. Accordingly crap companies can and do make people rich. Scam companies can and do make people rich. Good companies can and do make people poor.
You know not, esp with your brain capacity.
Posted by PCola77 on :
My L2 is showing bid and ask both at .0021 and the last trade was a 8995000 block. Hasn't changed in 2 minutes or so though. Anyone else seeing the same thing or did mine freeze up?
Posted by TimLV on :
Mine's reading the same.
Posted by TheCreator on :
pcola yes it was like that i saw the same data it has since moved up
i'm using alphatrade.
Posted by Repoman75 on :
moneyx3 - did you even understand my point? I'm not saying you can't money you assface, I'm saying that if the brokers screw the investors with buybacks, the SEC will not lift a finger because its a pink.
STOP GETTING SO DAMN TOUCHY YOU PUMPER>
Posted by TimLV on :
Still selling hot at .0022, maybe an EOD run shaping up here.
Posted by MoneyMoneyMoney on :
your about ten trades behind microcaptrade.
4 X .0022 2 X .0023 1 X .0024
Here we go. Lets see how far and how quickly.
Posted by HorseRider on :
Volume is picking up and asks are moving higher....looks like a run forming.
Posted by MoneyMoneyMoney on :
I'm getting mirror trading..
Posted by BuyTex on :
let's not digress into name-calling, please...
Repo, you have both broker experience and penny experience...I respect that, as few brokers understand pennies and many traders have no "formal" background, myself included.
In that light, do you understand this to be a Reg D offering, under 144 provisions?
Posted by TheCreator on :
BIG BUYS * .24
looks good.
Posted by MoneyMoneyMoney on :
1 X .0024 3 X .0025 2 X .0028 2 X .003 1 X .005 1 X .011
I apologize. I just sometimes get a little flustered when brainless language is used..
Posted by TheCreator on :
it's a rollercoaster lol
Posted by maumee river rat on :
quote:Originally posted by BuyTex: let's not digress into name-calling, please...
Repo, you have both broker experience and penny experience...I respect that, as few brokers understand pennies and many traders have no "formal" background, myself included.
In that light, do you understand this to be a Reg D offering, under 144 provisions?
Explain it for the rest of us dummy's Tex ...please!!! LOL Posted by Repoman75 on :
Buytex,
That's what I thought, but who to believe at this point?
If JPHC didn't add that restriction legend, they have to be the dumbest pieces of sheet on the planet. Now Ameritrade, in the past, has pulled this game before where they give the investor the chance to sell based on discretionary orders and if the shares are restricted, they buyback w/o consent.
I just can't figure out who made the error here: JPHC T/A DTC Brokers
It will be interesting how this shakes out. Scottrade should have the physical certs by tomorrow or Wed. the latest... we'll know then.
Posted by PCola77 on :
Ok, I hope this doesn't cause a panic, but I just got the folowing message from ChoiceTrade.
Anyone else get the same?
"Selling currently not permitted in PAIV. Please contact us with any questions."
Anyone with experience with something like this? Is it about to get halted?
Posted by Repoman75 on :
Possibly....
Posted by Tyler_Durden007 on :
no volume going through... looks like everybody that was holding might have gotten too greedy!
Posted by TheCreator on :
I just set a sell * .10 in ameritrade... so works fine here.
Posted by PCola77 on :
Holy crap this is getting even more ridiculous. I just got off the phone with Scottrade again and they're saying that the pay date of the new shares was supposed to be today, but they got an announcement this afternoon that the pay date was changed, and there was no guidance as to what the new date will be.
Somebody hold me, I need a hug.
Posted by TheCreator on :
i think you can't sell because choicetrade is controlled by penson, who marked them restricted?
Posted by BuyTex on :
This would seem to clear it up for me... restricted "divvy" not involved with subsequent 1:.46 split
PC: Choicetrade message might be the start of general shutdown, or it may be cooling off while they look into it...Remember the earlier message re Penson--that's Choice trade and Lowtrades...
Posted by MoneyMoneyMoney on :
I just wanted to clarify I am no "pumper". I call stocks as I feel them and am up over 1000% for my entire portfolio for 2006. I may have just begun in Dec 2005 but that says something.
Posted by cottonjim on :
This has got to be close to the funniest thing i've ever seen. I don't have a position any more but this thread has been entertaining me all day. Thanks guys, and thank you JPHC/PAIV. lol
Posted by TheCreator on :
i agree this is fun times Posted by traderofcents on :
Posted by sportsguy on :
I wish I could sell, but my JPHC shares haven't converted to PAIV, at least not that I'm aware of. And yes, this is pretty funny.
Posted by TheCreator on :
2 on the ask now * .0024 lol
Posted by PCola77 on :
Holy ****, someone wants to move this. ARCA bidding .0024 x 9999 and EDGX at .24 x 999
Posted by TheCreator on :
can we see .003 by eod?
wow look at the bids now.
Posted by wildweb on :
Yea my shares havent been converted either. I called etrade and they said they can not do anything with that position until they get everything they need. They said it could be tomorrow, next week, or 4 weeks from now they have no idea, but I will not have PAIV shares in my account until then....Oh well....Its definately fun to read this forum today :-)
Posted by tmanfromtexas on :
It wont be fun for anyone if they halt this bastud. Here is a happy face Pcola, that is the closest thing we got here for hug on allstocks. TMAN...
Posted by TheCreator on :
wow... what movement... this is awesome.
Posted by PCola77 on :
Anyone see if there's any news out?
Posted by TheCreator on :
i don't see any news.
Posted by Impat on :
This is a solid stock guys! Never seen that before! Just went in with lots of JPHC, 25 mil, then just came back with a new car! 3days later!No that a joke... I'm so lucky these days, It's like a dream. Seems the AOPA shareholders have been squeezed, and JPHC shareholders lucky guys over here no?
Posted by traderofcents on :
no news yet!!
Posted by Impat on :
I would meant APOA shareholders got some dividend before the deal, and JPHC got the rest of the money. I like the management when they told us about the valorization...
Posted by Impat on :
Thanks for the additional star I got today!
Posted by madmoney on :
where is everyone!
Posted by TheCreator on :
i'm here watching this dip, what a roller coaster.. tomorrow will be interesting.
Posted by Impat on :
This should get back to the apoa levels...
Posted by TheCreator on :
quote:Originally posted by Impat: This should get back to the apoa levels...
agree
Posted by PCola77 on :
Ok, just got off the phone with Choictrade.
"The company made a mistake in what they told the brokers, and while we are in the process of getting this straightened out, we have put a restriction on the sale of this security. Some shares were supposed to be restricted, but since you bought PAIV, and not JPHC, you can sell your shares by calling us."
What does this tell us? Pretty much nothing Shares were supposed to be restricted, some bad info got through somewhere, no one knows when a resolution will occur or what the outcome will be.
Posted by TheCreator on :
Tomorrow will be a good day... everyone is gonna be checking this one out tonight... with that volume/increase...
Gonna be interesting.
Posted by Impat on :
Very interesting........., this will be the stock of the year for those who have been in JPHC deeply!GLTA anyway!
Posted by Impat on :
Your broker seems to get a good feeling on what can be a good deal for them....My opinion this will go up to the apoa level in the short term..that's all...jphc share resticted or not restricted is not the deal as of today...We shall get back to the apoa levels!
Posted by AshyToClassy on :
quote:Originally posted by Impat: Your broker seems to get a good feeling on what can be a good deal for them....My opinion this will go up to the apoa level in the short term..that's all...jphc share resticted or not restricted is not the deal as of today...We shall get back to the apoa levels!
I hadn't been paying much attention to this before Friday,
What exactly were the APOA levels at before??
Posted by Impat on :
0.01 to 0.02 range
Posted by MoneyMoneyMoney on :
quote:Originally posted by Impat: Your broker seems to get a good feeling on what can be a good deal for them....My opinion this will go up to the apoa level in the short term..that's all...jphc share resticted or not restricted is not the deal as of today...We shall get back to the apoa levels!
I bought PAIV shares today hoping to turn this into a nice profit in which I make 800 off 200. I will gain a very valuable lesson during this process and will carry it through the rest of my trading career after all is said, written, and done.
Good luck to all
Posted by tmanfromtexas on :
Moneyx3, I am attempting the same thing. I lost money on jphc before the change. If I can make it back this way somehow, I wont be as apt to knock Hawkins out if I ever meet him. lol. TMAN...
Posted by TheCreator on :
lets get this back in the .01-.02 range and higher Posted by TheCreator on :
NEWS OUT!
Press Release Source: Paivis, Corp.
Paivis, Corp. Provides Information Regarding the Issuance of Shares as per the Recently Completed Merger With Jupiter Global Holdings, Corp. Monday May 22, 4:52 pm ET
ATLANTA, GA--(MARKET WIRE)--May 22, 2006 -- Paivis, Corp. ("Paivis" or the "Company") (OTC BB:PAIV.OB - News) today provides information regarding the shares (the "Merger Shares") to be issued to the Jupiter Global Holdings, Corp. shareholders ("Jupiter Shareholders")under the terms of the recently completed Merger Agreement with Jupiter Global Holdings, Corp. Specific details regarding the Merger Agreement and the Merger Shares can be found in Form 8Ks filed on April 25, 2006 and May 17, 2006 with the U.S. Securities and Exchange Commission. ADVERTISEMENT
These Merger Shares to be received by the Jupiter Shareholders are restricted securities as defined by Rule 144. Specifically, 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.
The Merger Shares are currently in the process of being issued by the Company and therefore as of the time of this press release have not been allocated to the Jupiter shareholders of record and the Jupiter beneficial shareholders which would normally be further allocated by the Depository Trust Company.
The Depository Trust Company has confirmed with Paivis that no allocation of any Merger Shares has taken place by them due to the facts that the Merger Shares are restricted and that the Merger Shares have not been physically received by Depository Trust Company for further allocation.
Paivis wished to notify its new shareholders from Jupiter Global Holdings, Corp. to contact the Company or their broker dealer for more information on the delivery of their Merger Shares.
The Private Securities Litigation Reform Act of 1995 (the "PLSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. Paivis intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause Paivis' actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in Paivis' annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
Contact: For more Paivis information please contact: Paivis Shareholder Services Phone: 800-963-6471
Posted by TheCreator on :
aww the other thread got closed... who's ready to get rich?
Posted by gfinney on :
So, all who sold have to cover? There has been about 1.5 billion in trades in the last two days, the tradable float is only 50 million (if I'm correct), which would imply that along with all the JPHC shareholders that sold there is probably a substantial short position. So tomorrow should be pretty fun? I'm in * .001 and don't plan on selling. Not yet at least, (everyone has a price) LOL!
Posted by TheCreator on :
gfinney, that's my understanding.
Posted by MoneyMoneyMoney on :
quote:Originally posted by TheCreator: aww the other thread got closed... who's ready to get rich?
woohoo!!! I am.
Nice pick up by the way. I'm picking up a few hundred thousand more tomorrow morn if it doesn't fire off to early.
Posted by PCola77 on :
Honestly, I understand the situation, but imagine if you saw the shares in your account, sold them, and never thoguht twice about it.
Could Ameritrade really come after you for what could be 1000% of your investment?
Just doesn't seem right. I bought my shares back today out of fear of that possibility, but if I wasn't paying attention and didn't realize the situation, could something like this really cost me my house, car, etc?
I hope it works out for everyone, but lik we all know, the brokers aren't just going to write this off.
Posted by tmanfromtexas on :
MoneyX3 you have mail. TMAN...
Posted by TheCreator on :
PCola, it's just like if you were to "short" a stock or buy something on margin, you can lose more than your intial investment.
I guarantee you if you look through your broker agreement, etc... it says they are not responsible for mistakes in blah blah blah... or whatever. I'm sure they have their asses covered.
quote:Originally posted by PCola77: Honestly, I understand the situation, but imagine if you saw the shares in your account, sold them, and never thoguht twice about it.
Could Ameritrade really come after you for what could be 1000% of your investment?
Just doesn't seem right. I bought my shares back today out of fear of that possibility, but if I wasn't paying attention and didn't realize the situation, could something like this really cost me my house, car, etc?
I hope it works out for everyone, but lik we all know, the brokers aren't just going to write this off.
Posted by PCola77 on :
I understand the whole premise, and that's bascially what I said to Scottrade when I caleld them "So did I accidentally short this stock?" They basically said "Yeah, if it's restricted you may have." The "accidentally" part is the thing that gets me. I'm not concerned for myself, as when I called Scottrade to sell the stock on Friday he expicitly said I was taking responsibility for any change to the issuance, so I can understand it in terms of my situatiojn, I'm talkign amore about the Ameritrade people or otehrs who had the stock in their account and sold with no warning that they could be screwing themselves big time. And that's probably exactly why we CAN'T short stocks this small.
quote:Originally posted by TheCreator: PCola, it's just like if you were to "short" a stock or buy something on margin, you can lose more than your intial investment.
I guarantee you if you look through your broker agreement, etc... it says they are not responsible for mistakes in blah blah blah... or whatever. I'm sure they have their asses covered.
quote:Originally posted by PCola77: Honestly, I understand the situation, but imagine if you saw the shares in your account, sold them, and never thoguht twice about it.
Could Ameritrade really come after you for what could be 1000% of your investment?
Just doesn't seem right. I bought my shares back today out of fear of that possibility, but if I wasn't paying attention and didn't realize the situation, could something like this really cost me my house, car, etc?
I hope it works out for everyone, but lik we all know, the brokers aren't just going to write this off.
Posted by tmanfromtexas on :
I dont understand how the stock got into peoples hands in the first place. My amsn stock which was a divy was and is restricted and so is my billions of preferred shares of paim (what a f'in pain that is to see everyday) lol. Unfortunately the folks that sold should be made to buy back every share that they sold. In my opinion it is the responsibility of the shareholder to know what is going on with the shares that they own. The news was very plain regarding the share structure. Not trying to be an azzhole but sometimes people need to be responsible for their actions and not blame others for their mistakes.
On a personal note PCola I am truly glad to here that you are going to be ok. I know that when all of us baled you were one of the few that was gonna ride the ship. Hopefully you win out in the end. TMAN...
Posted by PCola77 on :
Thanks man. I'm going to take a bath on the whole situation regardless (unless PAIV runs to like 2 cents and I don't sell before then) but it's money I could "afford" to lose. If I was forced to buy back at 1000% of my initial outlay, THAT would be a problem,
quote:Originally posted by tmanfromtexas: I dont understand how the stock got into peoples hands in the first place. My amsn stock which was a divy was and is restricted and so is my billions of preferred shares of paim (what a f'in pain that is to see everyday) lol. Unfortunately the folks that sold should be made to buy back every share that they sold. In my opinion it is the responsibility of the shareholder to know what is going on with the shares that they own. The news was very plain regarding the share structure. Not trying to be an azzhole but sometimes people need to be responsible for their actions and not blame others for their mistakes.
On a personal note I am truly glad to here that you are going to be ok. I know that when all of us baled you were one of the few that was gonna ride the ship. Hopefully you win out in the end. TMAN...
Posted by TheCreator on :
Goodluck Cola... it isn't looking good though. It seems to me, from what I've read that the shares will need to be repurchased. Brokers can also liquidate/use your cash in your account to do it without your permission also. Read the agreement.
Posted by PCola77 on :
No, I'm not in trouble, I bought my shares back plus a little extra. I'm worried about other people who didn't. Just seems like people could have inadvertantly gotten in way over their heads on this one, an I can't chalk this up to "people need to know what they're investing in and they deserve it" because no one deserves to have something like that happen to them from something like this.
quote:Originally posted by TheCreator: Goodluck Cola... it isn't looking good though. It seems to me, from what I've read that the shares will need to be repurchased. Brokers can also liquidate/use your cash in your account to do it without your permission also. Read the agreement.
Posted by TheCreator on :
I'm on the phone right now with Ameritrade right now...
They now know the stock was supposed to be restricted and are currently investigating it. CAll and ask yourself. It won't let me place an order for the stock at the present time. Something is gonna happen, just don't know what yet.
Posted by Hannibull on :
I bought back 300k shares of PAIV at 0.001 on friday, which should cover the small position of 50k from the JPHC conversion that I had sold on friday, however I bought these shares with money I sold from another stock, because I have a cash account with Ameritrade and although the money was available for trading (as mentioned on the website), I know this was unsettled funds (all other money was in other stocks). Is my position covered? I mean i HAVE the shares...
thoughts anyone?
Posted by PCola77 on :
Basically as long as you can hand Ameritrade the X shares that you sold of PAIV on Friday, you're fine. In fact, I didn't have enough money in my Scottrade account to re-buy enough to cover, so I bought it in my Choicetrade accoutn. Scottrade said that's no problem, I can transfer them over. As long as the borker that you "shorted" with gets the right # of shares back, i don't thini it matters where/how you got them, settled funds or not.
But just to be sure I'd call them and ask, but I think you're fine.
quote:Originally posted by Hannibull: I bought back 300k shares of PAIV at 0.001 on friday, which should cover the small position of 50k from the JPHC conversion that I had sold on friday, however I bought these shares with money I sold from another stock, because I have a cash account with Ameritrade and although the money was available for trading (as mentioned on the website), I know this was unsettled funds (all other money was in other stocks). Is my position covered? I mean i HAVE the shares...
thoughts anyone?
Posted by tmanfromtexas on :
Pcola, I didnt mean to come across as people deserve what they get. I do feel like if people are going to invest or do anything, drive, hunt, fish they should know what they are doing to protect themselves. If they do that then they are safe. I hope everyone comes out clean on this deal, only time will tell. TMAN...
Posted by PCola77 on :
I didn't mean you specifically, more just that I'm one of those people that wishes everyone could win. I'm a bit naive in that regard I guess I'd rather it be a situation where I bought a stock low, sold it higher, then whoever I sold it to was able to sell it even higher later. I can't bring myself to be of the mindset "Man, all these peole who accidentally shorted the stock are gonna be screwed and I'm gonna get rich because of it." Not saying it's wrong, just that it's not me.
quote:Originally posted by tmanfromtexas: Pcola, I didnt mean to come across as people deserve what they get. I do feel like if people are going to invest or do anything, drive, hunt, fish they should know what they are doing to protect themselves. If they do that then they are safe. I hope everyone comes out clean on this deal, only time will tell. TMAN...
Posted by TickTrader on :
Strange the May 18 filing wasn't mentioned in the PR. There's some really weird stuff in here. Hoped an educated someone could shed some light on this...
Form SC 14F1 -- Statement regarding change in majority of directors [Rule 14f-1]
Worth paying atty to find out, because I'm just not learning from this experience - doomed to repeat entire lesson without remediation. Too many backdated questions left unanswered.
Can anyone decipher this filing?
Posted by letitrideboy on :
its a lesson learned to people i think. For weeks we talked about the shares being restricted for atleast some period of time. Then some people woke up and had shares that they could trade, I am sure some little voice was telling them something was fishie but they sold anyway, and I bet were happy to get out. Now they have to go back and listen to that little voice and buy back. Just one of those lessons learned. I am sure everybody here bought back what they sold, no harm done! But just think of what COULD have happend, that stupid stock Jumps to some rediculous price and then you had to buy it back, now that would hurt!
Posted by letitrideboy on :
lol jeez people, who got mad at me buy suggesting you buy back your shares earlier today? Knocked me down from 4 stars to 2 stars!! I was only giving good advice
:-)
Posted by th0th on :
The filing is pretty straightforward. What wierd stuff are you referring to?
quote:Originally posted by TickTrader: Strange the May 18 filing wasn't mentioned in the PR. There's some really weird stuff in here. Hoped an educated someone could shed some light on this...
Form SC 14F1 -- Statement regarding change in majority of directors [Rule 14f-1]
Worth paying atty to find out, because I'm just not learning from this experience - doomed to repeat entire lesson without remediation. Too many backdated questions left unanswered.
Can anyone decipher this filing?
Posted by TickTrader on :
Ahhh... there you are th0th! Lemme cut a few of the ???
Posted by th0th on :
Go for it.
quote:Originally posted by TickTrader: Ahhh... there you are th0th! Lemme cut a few of the ???
Posted by TickTrader on :
Just 3 will make me happy...
1. Does this statement provide for the exemption that was previously absent, making the shares tradable?
...common stock to the Jupiter stockholders was exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) thereof.
2. Is this what was being traded during May 11 and May 19?
Following the Closing, there remain 200,060,002 shares of Jupiter’s outstanding Convertible Preferred Stock that were not exchanged for the Registrant’s shares. The Merger Agreement made no provision for the exchange of the Jupiter shares of Convertible Preferred Stock.
3. You gonna charge me for this?
Posted by MoneyMoneyMoney on :
This should make some of you with restricted shares feel better. A decent report IMO.
Name Age Position(s) Gregory Bauer 45 Chief Executive Officer President, Interim Financial Officer, Treasurer and Director
Guriqbal Randhawa 33 Director
Mr. Bauer currently holds the position of COO/President of Macro Communications. His primary focus has been to restructure debt and secure funding options. Since joining the team, MACRO’s debt has decreased by $3.7 million in a short period of time. In addition, he orchestrated two national distribution contracts which increased company revenue by 30%. Prior to this, Mr. Bauer successfully restructured WebUsenet as its COO and formulated a new company called WV Fiber in which his title was CEO/President. While at WV, he was responsible for setting the company’s direction and vision as a leader in the IP delivery space and delivered a sales pipeline that totaled $ 50 million in less than a year. Additionally, Mr. Bauer held the position of Executive Director of Sales at Interoute, a Pan European IP network based company in London. Before joining Interoute, he was Executive Vice President of Corporate Development for QOS Networks. During his tenure at QOS Networks he established multiple joint ventures and secured the largest bandwidth contract in the company’s history. Mr. Bauer has spent his career in a variety of leadership positions that have contributed to strong organizations. He has worked extensively with different cultures achieving success all over the world.
Mr. Randhawa is a former Wall Street analyst with more than eight years senior financial experience. He began his career with Deloitte & Touche in 1997, where he was first an auditor in Vancouver, B.C., and then a Senior Consultant with the Capital Markets Energy Trading Risk Management Practice in New York. In 2000 he joined New York-based Ziff Brothers Investments (“ZBI”), the multibillion dollar hedge fund group of one of America’s wealthiest families. As a Senior Associate at Ziff, Mr. Randhawa was responsible for following European and emerging market equities across a range of sectors. He aided ZBI in growing his investment management group from zero to 15 analysts and was assigned to lead several special projects involving more than $1 billion in total investment. In 2004, he formed Trivandrum Capital, an alternative strategy firm focused on Energy, India and Venture projects.
Mr. Randhawa graduated from the University of Victoria in 1995 with a B.A. in Economics, With Distinction. He subsequently pursued post-graduate studies in Finance and Accounting at Simon Fraser University. He is a Chartered Financial Analyst (CFA) and has completed the examinations for the Certified Public Accountant (CPA) designation.
Posted by TickTrader on :
Yep, Money, and it makes me think Macro followed the right steps, but you never know.
Posted by MoneyMoneyMoney on :
oops, lol
[ May 22, 2006, 20:43: Message edited by: MoneyMoneyMoney ]
Posted by th0th on :
1. The statement "exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) thereof" indicates that the common stock is restricted. For a stock to trade on the open market, it must be registered. More information on this can be found at http://en.wikipedia.org/wiki/Securities_Act_of_1933 - note section "Registration process".
2. No. What was traded between May 11 and May 18 were registered JPHC shares. What was traded on Friday, May 19, were PAIV shares, and appears to be both unrestricted (the 56,575,212 shares of registered PAIV shares converted from APOA shares) and unresgistered (restricted) PAIV shares, which were not suppose to be traded. The remaining 200,060,002 Preferred Stock is in a "black hole" since "the Merger Agreement made no provision for the exchange of the Jupiter shares of Convertible Preferred Stock".
3. Nope, I'm free.
I do have to tell you, however, that there is something wierd with that filing =). See if you can figure it out.
quote:Originally posted by TickTrader: Just 3 will make me happy...
1. Does this statement provide for the exemption that was previously absent, making the shares tradable?
...common stock to the Jupiter stockholders was exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) thereof.
2. Is this what was being traded during May 11 and May 19?
Following the Closing, there remain 200,060,002 shares of Jupiter’s outstanding Convertible Preferred Stock that were not exchanged for the Registrant’s shares. The Merger Agreement made no provision for the exchange of the Jupiter shares of Convertible Preferred Stock.
3. You gonna charge me for this?
Posted by TickTrader on :
letitride, I bought jphc when they acquired 30% of Macro. Had free shares, didn't sell, and happy about having 100% Macro. I almost bought more Friday and today, but I wasn't sure what we were buying. Awchit, that was the 4th question, but waiting to see how spendy th0th is gonna be.
Posted by TickTrader on :
th0th, you are special.
If I buy more PAIV, I am buying shares coming with a restriction, right?
Weirdness... Can I have a clue? Because there's a lot of weird things in there to me. Looking....
Posted by th0th on :
If you bought PAIV on Friday, today, or buy PAIV in the foreseeable future, you are buying registered PAIV common stock that is freely tradable.
Clue?
Sure... look at the numbers. See if they add up.
quote:Originally posted by TickTrader: th0th, you are special.
If I buy more PAIV, I am buying shares coming with a restriction, right?
Weirdness... Can I have a clue? Because there's a lot of weird things in there to me. Looking....
Posted by TickTrader on :
Oh, yep, the numbers would have been another question, but I'm still stuck on events.
What I don't get...
jphc shares were supposed to be 'destroyed' and replaced with 'new-improved restricted paiv shares', which didn't happen. Or hasn't happened yet.
There shouldn't have been any trading on jphc after May 11, but it was slammin. And PAIV, technically, shouldn't even exist yet.
As much as I want to buy more, I don't get what it is that I'm buying.
Make sense?
Posted by letitrideboy on :
yup Tick, from what I have read they never sent out the new shares...which makes you wonder what the hell got put into everybodys acounts lol It's a giant mess! Thats why I had suggested earlier today if you sold it you should buy it back incase you are FORCEd to later at a huge loss. Better to be safe then sorry. And now I have 2 stars for my little opinion. I am going to bed night all!!!!!!!!
Posted by DQ. on :
After all this I still don't know what's going on. I have 2 mill. JPHC# with Scottrade which I can't do anything with for now.
Posted by TickTrader on :
ditto, DQ. I just don't wanna be the next 'black hole.'
Posted by PCola77 on :
PAIV should and does exist, but it's only supposed to be the 55million (or whatever) outstanding shares of APOA that existed as of close Thursday. Those are the only PAIV shares that should have been trading the last two days.
Scottrade told me today that the new PAIV stock was supposed to be in my accout today, but when I called them later in the day, they had said that the issuance was pulled, and they didn't have an estimated new date.
If you bought PAIV the last two days, or if you buy it tomorrow, you're technically buying some portion of the 55million PAIV shares that used to be APOA.
Seems like the people that wwere calling for a short squeeze were right, IF people are forced to buy back their shares. If those trades are somehow broken, there is potential that the people who have been buying PAIV shares that had nothing to do with the JPHC shares would basically have bought a normal stock, but there would probably be panic selling if people didn't see a short squeeze.
there's definitely risk involved, but it seems like the potential for a short squeeze is certainly there.
quote:Originally posted by TickTrader: Oh, yep, the numbers would have been another question, but I'm still stuck on events.
What I don't get...
jphc shares were supposed to be 'destroyed' and replaced with 'new-improved restricted paiv shares', which didn't happen. Or hasn't happened yet.
There shouldn't have been any trading on jphc after May 11, but it was slammin. And PAIV, technically, shouldn't even exist yet.
As much as I want to buy more, I don't get what it is that I'm buying.
Make sense?
Posted by vinnie1 on :
does anyone here think they done this on purpose.
Posted by PCola77 on :
No.
Why would they?
quote:Originally posted by vinnie1: does anyone here think they done this on purpose.
Posted by TickTrader on :
Ah, thanks PCola, I forgot about the 55M. Which caused a 'naked long' situation. Eeeeeww!
Posted by TickTrader on :
no, vinnie.
Posted by vinnie1 on :
i dont know.could there be some gain in it for them.there has to be some reason behind it.i dont buy that its a mistake
Posted by scot trade on :
Great day guys for this one. I missed the move and too risky to play right now but congrat. to everyone who caught it at the bottom Good luck tommorow
Posted by vinnie1 on :
i would hate to be the one holding the bag. for that matter anyone else.
Posted by bikerider on :
from what i heard from the other boards, it looks like AT accounts holding paiv are going to be restricted starting tomorrow, so they can't buy/sell any paiv. with that in mind, not sure if there is going to be any sq, at least not tomorrow.
Posted by TickTrader on :
scot, congrats may be premature. Except for settled trades on 56,575,212 shares, all other buys are going to be 'failure to deliver'. Daytraders should be okay.
th0th, thanks for getting me set upright again!
Posted by BuyTex on :
will read thread later, but here's my update, possibly obsolete by now, I dunno. Anyway, I did speak with a gentleman from the the IR firm this afternoon. It was his strong opinion that the company will be able to prevail upon Ameritrade (et al, I suppose) to effect a market solution. He said the company's biz model is based on moving to AMEX or NASDAQ; hence, they're really fighting to avoid suspension as that would "jeopardize their 15c-211" to remain on OTCBB.
just fwiw...
Posted by PCola77 on :
Thanks Tex, seems like that makes sense. If you're trying to get to a better exchange, you probably don't want your price going down by 90%
Although it still remains to be seen whether the shares are ACTUALLY restricted, or if the shares were just SUPPOSED to be restricted but won't be, because of a mistake somewhere along the line.
If anyone has a time machine that I can borrow, I'd love to go back to the day that I bought JPHC and smack myself around a bit.
Posted by BuyTex on :
PC--what he was saying, is that a suspension would jeopardize even the OTCBB listing, thereby setting back the plans to move bigger, better
True? dunno...simply reporting what the IR guy said... the one that makes sense to me? after the GVRP debacle--in which Ameritrade also jumped the "electronic-share" gun--DTC just may take the position that Ameritrade has to clean it up...
Posted by tmanfromtexas on :
Buy Tex, what did GVRP go to and in short what happened. TMAN...
Posted by BuyTex on :
lol, Tman--it "went" to .0002
but do the math: was trading basically $2 to $4 before a 1 to 3,000,000 forward split. At .0001? 50 shares bought at $2 yielded $15k--*if* you had shares to sell...
On Monday following Friday ex-date, north of 9b shares traded...it was suspended the following Friday.
Bascially, one for the record books...
we have a full, detailed thread, which makes for good reading re what is possible when a solid group does DD together; but basically, Amritrade delivered e-shares early, told their clients no problem, then later reversed its position--going so far as freezing some accounts--then later relenting and their clients kept their dough.
[ May 22, 2006, 23:36: Message edited by: BuyTex ]
Posted by tmanfromtexas on :
HOLY CRAP!!! This one is screwy but that sounds like a cluster. That is wild. TMAN...
Posted by TheCreator on :
From what Ameritrade has told me they will hopefully have a solution/stuff worked out before market open tomorrow. I will be calling them in the am.
quote:Originally posted by bikerider: from what i heard from the other boards, it looks like AT accounts holding paiv are going to be restricted starting tomorrow, so they can't buy/sell any paiv. with that in mind, not sure if there is going to be any sq, at least not tomorrow.
Posted by BuyTex on :
quote:Originally posted by tmanfromtexas: HOLY CRAP!!! This one is screwy but that sounds like a cluster. That is wild. TMAN...
lol, read the thread sometime...not only excellent background re "what is possible" from all-out DD, but also pretty funny, if you understand what's going on, which you would...I mean, it's sad how traders get screwed in the battle with "powers that be," but still, a good thread
Posted by tmanfromtexas on :
Thanks BuyTex. I will try and read that. TMAN...
Posted by TickTrader on :
Well, as a final thought, the funny looking numbers actually do work out okay, unless th0th caught something else that I didn't...
5,245,535,839 <-- PAIV O/S
Which breaks down to... 4,623,208,507 <-- old JPHC/now RESTRICTED PAIV ,,,56,575,212 <-- old APOA/now free-trading PAIV ,,565,752,120 <-- new RESTRICTED divvy on old APOA
The APOA divvy shares are not mentioned in the 14F1 filing. They are in the calculation for O/S and ownership percentages, though.
So public float is 56,575,212.
Posted by BuyTex on :
quote:Originally posted by TheCreator: From what Ameritrade has told me they will hopefully have a solution/stuff worked out before market open tomorrow. I will be calling them in the am.
quote:Originally posted by bikerider: from what i heard from the other boards, it looks like AT accounts holding paiv are going to be restricted starting tomorrow, so they can't buy/sell any paiv. with that in mind, not sure if there is going to be any sq, at least not tomorrow.
I also have Ameritraders reporting test sells...unfortunately, it looks like for me, I now have a service call scheduled for the early am, so I won't be able to post...
If you wanna play this? Balance multi-bagger gains against having your funds frozen,,,
get up early and DD the hell out of it for latest news..."news" not opinion. Make a checklist re pros and cons, and as always don't risk what you can't afford...
Posted by traderofcents on :
BuyTex, How many restricted shares did u sell? At what price?
Posted by BuyTex on :
quote:Originally posted by traderofcents: BuyTex, How many restricted shares did u sell? At what price?
what makes you think I bought or sold anything?
Posted by traderofcents on :
BuyTex, sorry, misunderstood your early AM service call statement. Must mean u gotta go to work. Thought service call was referring to a margin call.
Posted by BuyTex on :
correct, Trader... will be gone fom home base by 6-ish central
good luck with it, everybody...
Posted by *Magnetic*Microspheres* on :
quote:Originally posted by BuyTex: correct, Trader... will be gone fom home base by 6-ish central
good luck with it, everybody...
6-ish! dude get some sleep already Posted by HorseRider on :
Got this e-mail from the brokerage. Not sure it solves anything, just posting it for everyone's information.
The symbol JPHC had a stock split and symbol change. The rate was 0.46232 and the new symbol is PAIV. The changes are already reflected in your portfolio. You may have not owned enough shares to receive one share of the new symbol. The symbol currently has a dummy symbol of PAIVXXZ until Penson has determined if the shares are to be free trading or restricted. You will not be able to trade the new symbol until Penson has completed its determination.
Thank you for choosing RushTrade Securities.
Posted by th0th on :
You got it. The APOA dividend is not explicitly stated in the filing. We can only assume that the 10% of the total OS not mentioned in the filing is the APOA dividend.
quote:Originally posted by TickTrader: Well, as a final thought, the funny looking numbers actually do work out okay, unless th0th caught something else that I didn't...
5,245,535,839 <-- PAIV O/S
Which breaks down to... 4,623,208,507 <-- old JPHC/now RESTRICTED PAIV ,,,56,575,212 <-- old APOA/now free-trading PAIV ,,565,752,120 <-- new RESTRICTED divvy on old APOA
The APOA divvy shares are not mentioned in the 14F1 filing. They are in the calculation for O/S and ownership percentages, though.
So public float is 56,575,212.
Posted by Hannibull on :
0.0025 x 0.0026 pre-market
Posted by dkinvest on :
We've got a gapper today.
Any thoughts on the PPS at close?
Posted by EverGreen on :
PR state that are restricted shares
so people that sold MUST cover
this is a typical squeeze and the price will be wild
lucky people that bought fri-mon and more luck to people that sold the restricted (hope they will limit losses trading during these wild movements)
Posted by Fuzzy1018 on :
messed up big time, sold on friday around .0014 and now i see the shares back in my account bought at .0021 damn it. i tlkd to the broker and cant even do anything.
Posted by dkinvest on :
quote:Originally posted by Fuzzy1018: messed up big time, sold on friday around .0014 and now i see the shares back in my account bought at .0021 damn it. i tlkd to the broker and cant even do anything.
What?
Posted by dkinvest on :
Oh Boy, is this gonna be great!
.003 premarket
Posted by PCola77 on :
Umm, wow .34 x .35 and rising fast.
Posted by nomed on :
B &a at 34x35 on scottrade.. any thoughts??? Quick flip?
Posted by tmanfromtexas on :
bid .0034 ask .0035 TMAN...
Posted by JARW on :
quote:Originally posted by Fuzzy1018: messed up big time, sold on friday around .0014 and now i see the shares back in my account bought at .0021 damn it. i tlkd to the broker and cant even do anything.
if so, looks like you still got off nicely --- it's gonna be 100%ter before open --- great --- wish i could sell my (veru likely) restricted shares.... only have 5,4..... million paiv=== wat a rp!!! Good luck to all who are in since f-day!!!
Posted by nomed on :
B &a at 34x35 on scottrade.. any thoughts??? Quick flip?
Posted by traderofcents on :
Just got off phone with Ameritrade, they are not allowing their clients to buy or sell any Paiv shares today. When this runs higher this could mean a huge rise in this stock price
Posted by no_patience on :
Hey,
Predictions on the top? I think .018.
Too bad these buggers are restricted! Oh what to do.....
I did get some on Friday, drained every available penny.
Have a great day!
Posted by PCola77 on :
Predictions at this point make no sense. Why do you say .018? Just a random number or is it based on something?
Posted by Fuzzy1018 on :
messed up big time, sold on friday around .0014 and now i see the shares back in my account bought at .0021 damn it. i tlkd to the broker and cant even do anything.
yes but for some reason i have a negative next to the number of shares and as the price is going up my account is going down . I called my broker and he said he'll review everything by tomorow morning. any thoughts guys? I still cant sell these shares right because i originally had jphc
Posted by rocktrader on :
So what's the final verdict?
Traders who bought them yesterday using ameritrade wait for how long?
Posted by MoneyMoneyMoney on :
1 left, get ready!!!
Posted by nomed on :
Well I jumped back in at .0032..only $150 but I figured what the hey..
Posted by PCola77 on :
Good timing
quote:Originally posted by nomed: Well I jumped back in at .0032..only $150 but I figured what the hey..
Posted by MoneyMoneyMoney on :
2 X .0039 2 X .004 1 X .0044 3 X .005 1 X .0098
woohoo!!!!
Posted by PCola77 on :
If this gets through the wall at .005 this is gonna be flat out insane. Yikes.
Posted by nomed on :
quote:Originally posted by PCola77: Good timing
quote:Originally posted by nomed: Well I jumped back in at .0032..only $150 but I figured what the hey..
Yup, just go into it in time Posted by MoneyMoneyMoney on :
long way to go from where she started!!!!!!
Posted by Repoman75 on :
So what's the deal? Ameritrade suspended trading on all of PAVI, or just the people who might be restricted?
Posted by finalwish on :
glad I got in at .0033 this morning, how high can it go?
Posted by Fuzzy1018 on :
If i buy new shares today will i be able to sell them?
Posted by no_patience on :
quote:Originally posted by PCola77: Predictions at this point make no sense. Why do you say .018? Just a random number or is it based on something?
Yea I know. .018 is a bit random - but this is a random wild ride. Thought the old charts show we could maybe support this, for at least two days.
Posted by Magfam on :
OTCPicks.com: Pre-Market Stocks to Watch for Monday, May 23rd, PAIV, HYEG, PDSC, FCYI, CWFG, EQBM
By M2 Last Update: 5/23/2006 8:03:19 AM Data provided by
May 23, 2006 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch for today include: Paivis, Corp. (PAIV), Hydrogen Engine Center, Inc. (HYEG), Produce Safety & Security International (PDSC), Falcon Energy Inc. (FCYI), Commonwealth American Financial Group, Inc./James Monroe Capital (CWFG), Equitable Mining Corporation (EQBM)
Paivis, Corp. (PAIV) (formerly APO Health, Inc.), a Nevada corporation, through its subsidiary distributes medical, dental and health and beauty aids products to dental and medical professionals and wholesalers throughout the United States.
PAIV News:
May 20 - Paivis, Corp. (Formerly APO Health, Inc.) and Jupiter Global Holdings, Corp. Announce Final Closing of Merger Agreement
Paivis, Corp. (formerly APO Health, Inc.) ("Paivis") (OTCBB: APOA) and Jupiter Global Holdings, Corp. ("Jupiter") (JPHC) today jointly announced their closing of the Definitive Agreement and Plan of Merger (the "Merger Agreement") dated April 21, 2006, pursuant to which Paivis acquired, through a wholly-owned subsidiary, 100% of the issued and outstanding common shares of Jupiter, and Jupiter became a wholly-owned subsidiary of Paivis. As consideration in the merger transaction, Paivis has agreed to exchange shares of its common stock with Jupiter's shareholders at an exchange ratio that valued the Jupiter shares at $0.005 per common share whereby Jupiter shareholders will receive approximately 0.46232 of a share of Paivis common stock. No fractional shares will be issued in the share exchange.
A new symbol will be assigned reflecting the name change from APO Health, Inc. to Paivis, Corp. The current management of Paivis and Jupiter will not continue with the successor entity. A new team of experienced management will be brought in, and the current management of Macro Communications, Inc., the core operating subsidiary of Jupiter, will take a leading role in the management of the merged companies.
Jan Stahl, the departing Chief Executive Officer of Paivis, commented, "We are pleased to have been able to reach a closing of the transaction and we welcome the Jupiter shareholders as Paivis shareholders and feel very strongly on the new combined entities moving forward."
Ray Hawkins, the Chief Executive Officer of Jupiter, commented further, "We are glad we achieved a closing of the Merger Agreement; the future is bright for the merged company."
Details, including but not limited to the specifics of the exchange ratio, regarding the consummation of the Merger Agreement will be filed by Paivis in a Current Report on Form 8-K with the U.S. Securities and Exchange Commission as required.
ABOUT PAIVIS, CORP. (FORMERLY APO HEALTH, INC.)
Paivis, Corp. (formerly APO Health, Inc.), a Nevada corporation, through its subsidiary distributes medical, dental and health and beauty aids products to dental and medical professionals and wholesalers throughout the United States.
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
Jupiter Global Holdings, Corp., a Nevada corporation, is a holding company with interests and developments in a diverse number of growing industries. Jupiter plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.
HYDROGEN ENGINE CENTER, INC. (HYEG) "Up 100% on Monday"
Hydrogen Engine Center, Inc. (HYEG) is an innovator and leader in alternative-fuel power solutions. HEC engineers, manufactures and sells flex-fuel spark-ignited internal combustion engines for the industrial and power generation markets. HEC's world-class team of professionals includes trendsetters in mechanical and electrical engineering, design and specialty applications. The company has made several advances that can increase the durability and efficiency of today's internal-combustion industrial engine while also lowering emission outputs. HEC is located at 602 East Fair Street, Algona, IA 50511. Visit www.hydrogenenginecenter.com or call 515-295-3178 for more information.
Posted by Repoman75 on :
What's going on? Can anyone summarize in 1 post what is happening with the restriction and Ameritrade separately?
Posted by PCola77 on :
No idea. I can't see how they could suspend all trading of it, but I guess they probably can. *******s.
quote:Originally posted by Repoman75: So what's the deal? Ameritrade suspended trading on all of PAVI, or just the people who might be restricted?
Posted by Repoman75 on :
I have Ameritrade and have no PAIV shares right now... can I buy and sell PAIV?
Posted by MoneyMoneyMoney on :
1 X .0048 4 X .005 1 X .0055 1 X .009 1 X .0098 1 X .01
Changing so much though from all the buying.
Posted by PCola77 on :
Check with your broker to be sure, but you should.
quote:Originally posted by Fuzzy1018: If i buy new shares today will i be able to sell them?
Posted by tmanfromtexas on :
Repo Put in a small order and see if it flys. TMAN...
Posted by Repoman75 on :
My other question - did anyone sell PAIV shares through Ameritrade that you owned prior to the merger... and are you going to have to buyback????? You're going to get azz raped.
DK - it looks like the MM's are going to azz rape those who are short.
Posted by nomed on :
As far as I know only Ameritrade and mabey Choicetrade & Lowtrades are halted..
Posted by RyanPBF on :
I tried to buy through ameritrade today and it keeps saying order can not be processed
Posted by tmanfromtexas on :
They had better let me sell when I get ready or there is gonna be a problem. TMAN...
Posted by Repoman75 on :
Ok, it seems Ameritrade is not allowing online orders of PAIV (at least buys) to be placed... this is insane.
Posted by traderofcents on :
pennyland here we come!!
Posted by PCola77 on :
Just call and ask. I don't see why you couldn't, but they may be in so deep with this that they don't want anyone else to be able to buy since they're probabyl trying to buy all they can themselves.
I don't know what to thikn anymore.
quote:Originally posted by Repoman75: I have Ameritrade and have no PAIV shares right now... can I buy and sell PAIV?
Posted by no_patience on :
Right,
I just tried to do a sell order on Ameritrade with the shares I bought Friday. Thought I would ask the .018.
This order could not be placed.....
Posted by MoneyMoneyMoney on :
I have my shares through Fidelity and have them on sell now for a dollar a share. lol. know that won't happen but they are up and mine to change the price on. Everything fine and dandy here. I hope everyone is!!!
woohoo!! glad I picked up a 100k more this morn.
Posted by tmanfromtexas on :
PCOLA, are you in the clear yet? TMAN...
Posted by nomed on :
I do think this is a short squeeze...JMO
Posted by dkinvest on :
If what we are seeing is people covering, what do you think the deadline is.....the PR stated nothing about covering that I saw.
Will they PR the cover deadline?
Posted by Repoman75 on :
Oh no.. not Nomed again.
Not a short squeeze, a restriction squeeze.
Posted by tmanfromtexas on :
Good morning Money, did you get some more this morning? TMAN...
Posted by Vagabond on :
quote:Originally posted by Repoman75: I have Ameritrade and have no PAIV shares right now... can I buy and sell PAIV?
If you see it on your streamer you should be able to buy it, if there is a problem just call or email them.
Vagabond
Posted by dkinvest on :
quote:Originally posted by Repoman75: My other question - did anyone sell PAIV shares through Ameritrade that you owned prior to the merger... and are you going to have to buyback????? You're going to get azz raped.
DK - it looks like the MM's are going to azz rape those who are short.
This is by far the biggest azz raping I've seen...glad I'm not the one getting azz raped for a change....WOW!!
.007 COMING
Posted by PCola77 on :
TMan, call them right now and find out. Be proactive, or you could get lose a lot (Or not make as much, depending on your buy point).
quote:Originally posted by tmanfromtexas: They had better let me sell when I get ready or there is gonna be a problem. TMAN...
Posted by nomed on :
quote:Originally posted by Repoman75: Oh no.. not Nomed again.
Not a short squeeze, a restriction squeeze.
Ok correction restriction squeeze.. Man! Ya got it out for me...Im sorry. What gives? lol Posted by Fuzzy1018 on :
if you are able to buy them, are you able sell them?
Posted by redmax on :
Can anyone explian why this is rising so fast?
Posted by TheCreator on :
Ameritrade isn't letting people buy or sell this stock, i own 3mil and can't sell it.
Posted by MoneyMoneyMoney on :
quote:Originally posted by tmanfromtexas: Good morning Money, did you get some more this morning? TMAN...
Gmorning TMAN, yes Sir, had to chase it and only got 100k to add to mine from yesterday. I'm happy though Keep rolling PAIV!!!
Posted by Repoman75 on :
I don't know why this is going up except for a restriction squeeze.
This new company is CRAP. Look at the financials.
Good job to whomever bought 2 days ago or yesterday and your broker allows you to trade.
Posted by Repoman75 on :
As soon as Ameritrade fixes its problems, watch this thing go into the tank.
Posted by finalwish on :
How does the L2's look?
Posted by MoneyMoneyMoney on :
quote:Originally posted by dkinvest:
quote:Originally posted by Repoman75: My other question - did anyone sell PAIV shares through Ameritrade that you owned prior to the merger... and are you going to have to buyback????? You're going to get azz raped.
DK - it looks like the MM's are going to azz rape those who are short.
This is by far the biggest azz raping I've seen...glad I'm not the one getting azz raped for a change....WOW!!
.007 COMING
Another brainless one....
Posted by binnocent on :
I just spoke with my Scottrade Broker... He said the company pay date was yesterday. But sometimes takes a few days longer. He said I could sell my shares now but I would be responsible for any changes in the merger or any restrictions. He could not elaborate on what that might require. But once the shares show up in my account and they know all final figures and restrictions then if they are not listed as restricted I can trade. At that point it would not be my responsibility if a mistake was made by the company.
I don't know if that makes things any clearer for scottrade users?
Posted by Repoman75 on :
Up yours.
Posted by MoneyMoneyMoney on :
2 X .0062 2 X .0063 1 X .0065 1 X .007 1 X .0071 1 X .0078 1 X .008 1 X .009
Just a little breather and she goes again.
Posted by tmanfromtexas on :
Tried to sell. wouldnt let me. Tried to call, the wait is outragous. Gonna print the attempted sell order and non confirmation and see what happens. TMAN...
Posted by no_patience on :
Mr. No_Patience,
APO Health and Jupiter Global Holdings merged on May 19, 2006 and shares of PAIV were to be restricted; however, clients were able to trade shares of PAIV unrestricted on Friday, May 19, 2006 and Monday, May 22, 2006. Until this issue has been resolved, TD AMERITRADE has restricted trading in PAIV. No purchases or sales in PAIV will be allowed until further notice.
Elizabeth M. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE, Inc.
Posted by MollysMillions on :
Ameritraded wouldn't let me sell this morning, so I just placed a small buy order, just for the heck of it. Apparently they're not letting people buy either.
Posted by traderofcents on :
Repoman, when it was at .0010 You posted you were gonna buy 10k worth. why you bashing now ?? u missed the boat did'nt ya
Posted by TheCreator on :
of course repo missed the boats... he's such a flopper pump 1 sec bash the next.
Posted by kilikili on :
here comes another run imo
Posted by MoneyMoneyMoney on :
mirror trading again Posted by PCola77 on :
Not sure if you care enough to call back, but that's what my guy told me yesterday morning. Then when i called back in the afternoon he said the pay date was changed, with no further info. Let me know if you can confirm that your Scottrade guy says the same thing.
quote:Originally posted by binnocent: I just spoke with my Scottrade Broker... He said the company pay date was yesterday. But sometimes takes a few days longer. He said I could sell my shares now but I would be responsible for any changes in the merger or any restrictions. He could not elaborate on what that might require. But once the shares show up in my account and they know all final figures and restrictions then if they are not listed as restricted I can trade. At that point it would not be my responsibility if a mistake was made by the company.
I don't know if that makes things any clearer for scottrade users?
Posted by Repoman75 on :
I'm not bashing... and yes, I did miss the boat and want no part of this POS.
Are you saying this is a great company? Please tell me you're saying that, so I can put you on my "Dumbsh1ts list".
I congratulate all who made money... but this is POS.
Posted by PCola77 on :
Repo, why would the price crash wehen Ameritrade people can buy/sell again? I would think the opposite, that once Ameritrade people can buy/sell a lot of them will have to buy back their shares. Or are you saying that it will crash if the shares are not restricted?
quote:Originally posted by Repoman75: I'm not bashing... and yes, I did miss the boat and want no part of this POS.
Are you saying this is a great company? Please tell me you're saying that, so I can put you on my "Dumbsh1ts list".
I congratulate all who made money... but this is POS.
Posted by Repoman75 on :
PCola - I'm saying that the MM's are torturing Ameritrade clients.. remember, Ameritrade clients bought yesterday and are looking to sell now too, but can't. I think once Ameritrade makes its decision, it is going to BREAK the trades for those people who sold restricted shares, because they are feeling heat now. Therefore, no massive buyback (Ameritrade will buy back later on when the price comes down).
However, everyone who bought will profit take, and therefore, flood the market.
Posted by tmanfromtexas on :
Well I have been on hold now for 16 minutes with the bastuds. If I dont lose my cool and throw my phone against the wall I will let you know what I find out. TMAN...
Posted by deleet on :
flipped this one. 500 bucks in 30 mins.
Posted by traderofcents on :
Repo, I'm in at .0012 & .0013 with 2000000 shares. I do not care what list u put me on! I also own 3236240 shares which are restricted! I believe long term this company has positioned itself to grow this company very strategically. By merging, this is an attractive co. Now with new management in place, the Macro Comm leadership of old JPHC division which was only division making any substantial revenue! Moving forward this could be a buyout candidate from larger cos in the same field! Short term this stock could see dollar land due to the short squeeze that I believe is still forthcoming, due to the fact that Ameritrade has halted all buys & sells of their clients PAIV shares cause of big mix-up allowing them to sell their restricted shares. So I believe once Ameritrade allows their clients to buy back their shares it will be too late. The price will be too high and they will probably have to do a margin call to those who sold their restricted shares previously! With only 28 million shares out there on the float, Huge short squeeze when those shares have to be covered! That's my take on this whole situation and I have not changed since I have been posting on this thread. I have done my DD. I suggest everyone to do the same. Dollar Land here we come. That's what I believe. GLTA!!!!!!
Posted by nomed on :
quote:Originally posted by deleet: flipped this one. 500 bucks in 30 mins.
Nice one deleet, made about 100 myself. Got in at .0032, just in time.
AND yess oh GOD its nomed repo75.. go highjack a car or somethin.. Posted by TheCreator on :
I'm currently up $12,000 lol
Tman, any word from ameritrade? i'll be calling them again shortly myself. I told them i was calling once an hour lol
Posted by PCola77 on :
Holy crap, just got a call form my Scottrade guy and he said that they just got the new info and that the shares are DEFINITELY restricted and I have to buy them back. Luckily I had bought them back earlier with a different account, but had I not, I WOULD have to buy them back.
I'm honestly feeling sick to my stomach of what could have happened to me and my family had I not bought back yesterday.
Good luck to everyone involved, and I hope you all make money, but think about the flip side for just a second and the people whose lives this could literally ruin.
Posted by TheCreator on :
Glad it worked out for you cola...
I hear ya it's a mess... I just wish ameritrade would get this worked out...
i understand the people that have to buy back, but i also understand that i need the money just as bad as them...
gl to all no matter what your position.
Posted by tmanfromtexas on :
Creator, The bastuds just gave me the runaround. They arent letting anyone buy or sell. They said an internal memo stated that they should direct callers to the company. I just hung up. I have my screen shots saved and will be contacting an attorney when I get back to Houston if this stock falls below the point in which I tried to sell along with the SEC. The one thing I did get from them was THEY screwed up and let shares be sold that were to be restricted. Thats all I got. Anyone know of a good online broker that isnt terribly expensive? TMAN...
Posted by tmanfromtexas on :
They also wouldnt give me a time as to when they were going to release the shares to be traded. I guess when they their fubar shares back then they will screw the rest of us. TMAN...
Posted by nomed on :
quote:Originally posted by tmanfromtexas: Creator, The bastuds just gave me the runaround. They arent letting anyone buy or sell. They said an internal memo stated that they should direct callers to the company. I just hung up. I have my screen shots saved and will be contacting an attorney when I get back to Houston if this stock falls below the point in which I tried to sell along with the SEC. The one thing I did get from them was THEY screwed up and let shares be sold that were to be restricted. Thats all I got. Anyone know of a good online broker that isnt terribly expensive? TMAN...
I got scottrade..$7 + half principal. Or choicetrade..$5,per trade...even on pinks/stocks under $1..
Posted by chevon2020 on :
Hi, Im new to this thing so I hope I dont sound ignorant. How is the price moving is the share are restricted? I'm with choicetrade I put in a limit or to buy a few thousand shares, it didnt go through, but choice trade said nothing about it being restricted.
Anyone have any insight for me thanks
Posted by Fuzzy1018 on :
this is f*kdup, i sold the restricted shares on friday and had those shares in my account bought back at .0021 and now even that is gone. now i see shares bought back at .0059 wha da **** is this
Posted by traderofcents on :
Fuzzy, Did you get a margin call from your broker? Which broker are u with?
Posted by Fuzzy1018 on :
mytradz
Posted by HorseRider on :
Tman HAve been very happy with MB trading, great customer service and prices, also use Rushtrade and they never allowed trading in PAIV, gave it a temporary symbol until Penson decided the status. Have an AMeritrade account also, just do not use it too much.
Posted by traderofcents on :
Thanks
Posted by nomed on :
quote:Originally posted by chevon2020: Hi, Im new to this thing so I hope I dont sound ignorant. How is the price moving is the share are restricted? I'm with choicetrade I put in a limit or to buy a few thousand shares, it didnt go through, but choice trade said nothing about it being restricted.
Anyone have any insight for me thanks
Well, not all shares are restricted, so tradin keeps going.
As far as your order, the bid/ask may have moved up, buy the time of your order...
Posted by no_patience on :
.0075
North Carolina, Pacific, Park Place .....
Stupid Ameritrade ...
Posted by tmanfromtexas on :
Thanks Nomed. That is pretty damn cheap, I will check into choice trade. I see alot of people here use them and have heard no complaints. ON a side note...PAIV came out with their financials this morning. Not the best but by no means not the worst I ve seen. TMAN...
Posted by Fuzzy1018 on :
i hope the brokers figure this out or else im really f*cdup Posted by chevon2020 on :
Thanks Nomed
Posted by TheCreator on :
UPDATE!! I just got off the phone with Deshawn with Ameritrade Reoganization department.
I tore into him pretty good for 20 minutes.
He said he just received an email from Mike Gonzales his manager that says people who purchased shares on the open market yeserday or Friday should be able to resume trading within 30 minutes.
This is from ameritrade directly.
I will be calling them back if not.
I will also be holding my shares for now. If everyone starts selling it is exactly what the shorts want.
Posted by sportsguy on :
Yep, by the time I can access my former JPHC shares, this will be worthless... LOL
Posted by Stockeyes22 on :
This thing is gonna go through the roof! Don't sell. Hold strong people. We who read the news all along are now getting our shot at the moon! GLTA
Posted by dkinvest on :
" If everyone starts selling it is exactly what the shorts want"
Exactly....HOLD YOUR SHARES!!!
Posted by traderofcents on :
Yes HOLD YOUR SHARES!!
Posted by pepsiman on :
I'm in for DOLLARLAND Posted by TheCreator on :
I'm holding... I just want the OPTION to sell, this better resolved in 30 minutes like they told me.
Posted by eagleye on :
Im holding my shares... Posted by nomed on :
Only 2.1 mil strong, but I am holdin... Posted by Superbee383 on :
PAIV itself isn't restricted, BUT if you owned JPHC which became PAIV, then it is. APOA which became PAIV is NOT restricted. Here's the problem with Ameritrade.. and trust me.. I found out the hard way. I had 2 mill shs of JPHC which became 924,641 shs of PAIV. I have a margin account, so I'm able to sell short. I called yesterday and said I wanted to sell my shs of PAIV, but couldn't enter the order myself. He said he'd enter it, and they sold. So I was short 924,641 (still am too) of PAIV. TODAY I have a margin call, and this is NO exaggeration of $2,308,755.63. I called and asked if they were nuts first.. 2mill for a subpenny stock???? He told me that they were restricted and I asked why THEY put the order in for me if they knew it was restricted!!! He said they didn't know it yesterday though. I told him that E-trade, Rushtrade, and every online freakin trading house knew it.. how come Ameritrade didn't??? What it comes down to is.. They are trying to get hold of the SEC to see what is being done or can be done about the restricted JPHC (now PAIV) stock. There is an SEC rule that a trade can be busted within 3 days.. hence the 3 day settlement of a trade. I asked the guy at Ameritrade why it can't be busted then. He said they're checking into that too. He said there were ALOT of trades yesterday and ALOT of margin calls.. which didn't really make me feel any better.. but he is checking into it. Until they find out from the SEC what the rulings are, they froze PAIV from being traded (if you had JPHC). He did wire the Margin Dept and told them NOT to sell out my account, but my account is frozen as far as buying goes. I can sell, but not buy. My main concern is (besides the 2.3mill$$ margin call) is that I don't think they'll bust the trades, unless ordered to by the SEC. If the stocks have to be bought back, I can't see Ameritrade putting up the $1000's needed to cover everyones trades, for THEIR mistake.
Posted by dkinvest on :
$2,308,755.63/924,641 shares = $2.50/share
Posted by traderofcents on :
I agree dk Posted by dkinvest on :
008 - I'll pass on that...my case holds more, Howie Posted by Stockeyes22 on :
.008!!!!! Good Job People! Hold Strong
I would love to see 2.50!!!!!
I am starting to see the moon Posted by Superbee383 on :
Crazy isn't it? They said their margin requirements are higher for a penny stock. I basically told them they were nuts. He said that's what it's showing in my account, but not the actual amount I'd owe.. which still doesn't give me the warm fuzzies. This is a copy/paste if it comes thru ok Maint. call -$2,308,755.63 A maintenance call is issued when your account value drops below our maintenance requirements due to changes in the market value of a security or when you exceed your buying power. Maintenance calls may be met by depositing funds, selling stock, or depositing securities. TD AMERITRADE may forcibly liquidate all or part of your account without prior notice, regardless of your intent to satisfy a margin call, in order to protect your interests or ours. Current Value -$2,308,755.63
Posted by no_patience on :
Ameritrade -
REORG - REVERSE ERRONEOUS REORG FROM 5/19/2006 (PAIV)
Posted by PCola77 on :
I won't quite say it worked out, I still took a beating on this whole mess. Once everything's ironed out completely i'll have to write one big post about the whole thing. You guys should all get a good laug hout of it. I think I played this almost as bas as I possibly could, with the exception of if I had not bought back at all.
quote:Originally posted by TheCreator: Glad it worked out for you cola...
I hear ya it's a mess... I just wish ameritrade would get this worked out...
i understand the people that have to buy back, but i also understand that i need the money just as bad as them...
gl to all no matter what your position.
Posted by Superbee383 on :
quote:Originally posted by no_patience: Ameritrade -
REORG - REVERSE ERRONEOUS REORG FROM 5/19/2006 (PAIV)
LOL! Good one.. thanks no_patience.. I needed a laugh.. first one today too!
Posted by Hannibull on :
WTF my PAIV shares are gone! (ameritrade)
Posted by MoneyMoneyMoney on :
WOOHOO!!! I like it, I love it, I want some more of it!!!!
For all that have Fidelity, I sold 10k shares for test. Went through no problems.
Posted by dkinvest on :
HOLD PEOPLE, HOLD!!
Posted by MoneyMoneyMoney on :
quote:Originally posted by Superbee383: Crazy isn't it? They said their margin requirements are higher for a penny stock. I basically told them they were nuts. He said that's what it's showing in my account, but not the actual amount I'd owe.. which still doesn't give me the warm fuzzies. This is a copy/paste if it comes thru ok Maint. call -$2,308,755.63 A maintenance call is issued when your account value drops below our maintenance requirements due to changes in the market value of a security or when you exceed your buying power. Maintenance calls may be met by depositing funds, selling stock, or depositing securities. TD AMERITRADE may forcibly liquidate all or part of your account without prior notice, regardless of your intent to satisfy a margin call, in order to protect your interests or ours. Current Value -$2,308,755.63
If I'm not mistaken I think I remember reading something about their Insurance will cover things of the sort. I am not sure but something to look into if your butt is on the line!!!!
Posted by TheCreator on :
AMERITRADE WORKS NOW, I ENTERED A TRADE FOR .10 IT TOOK IT!
Posted by tmanfromtexas on :
Mine are still there. TMAN...
Posted by Superbee383 on :
Thanks Moneyx3. I'll definitely keep that in mind if they try to pull a fast one on me..Also, since he said that this happened to so many people yesterday, if they DO try to put the screws to us, maybe as a group we can get more accomplished. I'm still in the stunned stage right now..
Posted by tmanfromtexas on :
put in an order. it took. TMAN...
Posted by Repoman75 on :
They'll break the trades and buyback when this stock tanks... you're not going to be stuck with margin calls, trust me. Ameritrade doesn't want lawsuits. They have MM connections with NITE and TDCM and will crush this stock after breaking the trades so they can cover cheaply.
Posted by Superbee383 on :
Repo.. sure, WHEN the stock tanks. But what about now? The stock goes up, and my account value goes down. I'm down 7k today because of PAIV going up. PLUS I can't buy anything! My account is locked up from buying. Well I hope that NITE, TDCM, and UBSS will buy back.. but holy moly..till then, all I can do is watch.. geeezus I wish they'd hurry up and call me back, and bust that trade.
Posted by Hannibull on :
I just called Ameritrade and the guy couldn't tell me what's happening, he said call us back later... I'm showing JPHC shares in my account again
Posted by Stockeyes22 on :
Stay strong. This selloff is from profit takers from ameritrade investors. This is just a dip. It is going to be comming back with full force! The moon is looking sweet. We got out all the profit takers and now it can go up HUGE! This is a great buy point.
Posted by Repoman75 on :
You buy now, you'll get crushed. Congrats to those who had the foresight to buy Friday or Monday. You are heroes.
You buy now, UBSS/TDCM/NITE + Ameritrade will eat you alive.
Posted by MoneyMoneyMoney on :
I'm not to sure about buy in point as it is still speculation. My buy in points were .0021 and .003. I vowed not to chase from there.
Play your own game and be careful as this has only seemed to have happened once before.
Protect your capital!!!
Posted by Hannibull on :
quote:Originally posted by Hannibull: I just called Ameritrade and the guy couldn't tell me what's happening, he said call us back later... I'm showing JPHC shares in my account again
is anyone experiencing the same thing with ameritrade?
Posted by tmanfromtexas on :
its blown through 5 of my sell orders. Still green but not near where I was lol. TMAN...
Posted by MollysMillions on :
Hannibull- The same thing happened to me. Posted my original 400,000 JPHC back into my account at .0002. I have Ameritrade on the phone. I'll let you know what they say.
Posted by Superbee383 on :
quote:Originally posted by Hannibull:
quote:Originally posted by Hannibull: I just called Ameritrade and the guy couldn't tell me what's happening, he said call us back later... I'm showing JPHC shares in my account again
is anyone experiencing the same thing with ameritrade?
Nope.. I'm still showing short 924,641 shs PAIV, and my JPHC is showing up as "N/A 2,000,000 * .0002
Posted by tmanfromtexas on :
Sounds like ameritrade is trying to reconcile shares. TMAN...
Posted by MoneyMoneyMoney on :
quote:Originally posted by MollysMillions: Hannibull- The same thing happened to me. Posted my original 400,000 JPHC back into my account at .0002. I have Ameritrade on the phone. I'll let you know what they say.
Tell them too that from your understanding you covered and anything extra was "common" and freely tradable from ex APOA shares that can be sold NOW!!!!
Posted by nomed on :
quote:Originally posted by Repoman75: You buy now, you'll get crushed. Congrats to those who had the foresight to buy Friday or Monday. You are heroes.
You buy now, UBSS/TDCM/NITE + Ameritrade will eat you alive.
Funny, I bought $150 worth at .0032, and sold at.0065..Today. Why was Friday so special?
Posted by Repoman75 on :
Well, Friday you could have bought at .0008...
Posted by nomed on :
More profit..true, but im not the one cryin about this "POS" in your own words..
Posted by MoneyMoneyMoney on :
2 X .0068 1 X .007 2 X .0072 1 X .0073 1 X .0074 1 X .0075 2 X .008 1 X .009 12:30:45
Taking her down with mirror trading.
Posted by dkinvest on :
President Bush just found out he sold 10 Million RESTRICTED PAIV shares and will now have to buy them back at .50 a piece....Look at the look on his face!!!
Posted by Hannibull on :
quote:Originally posted by MollysMillions: Hannibull- The same thing happened to me. Posted my original 400,000 JPHC back into my account at .0002. I have Ameritrade on the phone. I'll let you know what they say.
thanks I appreciate it. I bought those shares back on friday, I even bought more than the amount of the converted shares, and I still have those, just not the converted shares. By buying them back I thought I had covered everything. But I think I did since the amount of the converted shares is gone from my PAIV position, and it's showing as JPHC shares again at 0.0002. Regardless I'm going to call them back
Posted by wildweb on :
President Bush just found out he sold 10 Million RESTRICTED PAIV shares and will now have to buy them back at .50 a piece....Look at the look on his face!!!
LOL
Posted by madmoney on :
takin a nose dive here!
Posted by PCola77 on :
Anyone have a take on what's going on now?
Was Repo right, all the Ameritrade people are selling?
Maybe all the poele that bought PAIV are selling to get their profits and anyone who sold their restricted shares are waiting to see what Ameritrade does, so there's no buying pressure?
Regardless, shouldn't another rise start once it's all ironed out, because SOMEONE will have to buy the shares back, Ameritrade or investors, right?
Thoughts?
Posted by MollysMillions on :
I just got off the phone with Ameritrade. They didn't know what to do with PAIV shares until they straighten out the mess, so they just gave everybody back their non-existant JPHC temporarily. She said PAIV will show up again ASAP. I asked her if ASAP meant within hours or weeks. She said she doesn't know. I also asked the question from MoneyMoneyMoney about APOA. All she could tell me is that it stopped trading May 18th and doesn't know if ex-APOA are able to trade freely yet.
Posted by Repoman75 on :
When it hits .003, expect Ameritrade to break the trades and buy back slowly.... then it may rise after, but not before. Watch how the insiders play this game (and crush the retail).
Posted by MoneyMoneyMoney on :
I'm all out now. Not bad profit for time spent on everything. Good luck to all that keep playing!!!
Be cautious.
Posted by tmanfromtexas on :
I am all out too. What a blessing this was. covered my losses with jphc and made a nice little profit. There is a God. TMAN...
Posted by Hannibull on :
thanks Mollys! So that means they will just convert those shares back again regardless of the price it's at (meaning no further covering needs to take place)
thank you!
Posted by TheCreator on :
I'm out too for now I will be watching though... made $12,000 profit.
Posted by MoneyMoneyMoney on :
quote:Originally posted by tmanfromtexas: I am all out too. What a blessing this was. covered my losses with jphc and made a nice little profit. There is a God. TMAN...
Very nice job TMAN, profit is profit where I come from!!!
U 2 TheCreator!! wow! very nice.
Posted by dkinvest on :
I'm still in and holding....this aint done yet!
Posted by wallymac on :
I've been following this from the sidelines, very interesting indeed. If the numbers are correct that the float is 56M how can this trade close to 600M in one day. Crazy. Good Luck to everyone.
Posted by tmanfromtexas on :
Thanks moneyx3. way to go creator, TMAN...
Posted by PCola77 on :
Looks like now that all of you are done dumping your shares and causing panic selling it's going back up Posted by tmanfromtexas on :
Glad I could be of assistance PCola. lol. TMAN...
Posted by madOIL on :
L2s if anyone wanted em now!
bid 1 - .0067 2 - .0066 1 - .0061 2 - .006
ask 1 - .0068 1 - .0069 1 - .007 2 - .0071
Posted by MoneyMoneyMoney on :
Oh I definitely still think there is more potential but money in my pocket is a sure thing.
L2's are indeed looking better.
Posted by rocktrader on :
did anyone one sell the stock through Ameritrade?
Posted by TheCreator on :
quote:Originally posted by rocktrader: did anyone one sell the stock through Ameritrade?
i sold mine through Ameritrade after they let me i called them 5-6 times this morning chewing every ass i could find.
Posted by tmanfromtexas on :
I sold through TD/A also. TMAN...
Posted by skysthelimit on :
On friday, I sold at .0009. Now, it is back and I owe $$$ to Ameritrade??? What is going on? I am now on a long phone-hold with TD-Ameritrade; I will ask them what's up?
Any ideas? Posted by MoneyMoneyMoney on :
They are restricted shares so Ameritrade had to buy them back for you, assuming your shares are from JPHC. As far as what will happen and whom will take blame is still a mystery to me.
Posted by Hannibull on :
*deleted*
Posted by skysthelimit on :
NOW, i sold at .0009, then they are buying it back at .0065??? NOW I OWE ALOT OF MONEY. NOT FAIR! Anything I can do to protect myself??? PLEASE HELP!!! Posted by rv on :
dont worry. iam in the same boat. they said they are in conference with paiv. we shud get some good news. or else i'll sue them
Posted by skysthelimit on :
FOR ANSWERS, I AM ON HOLD WITH TD-AMERITRADE(RE-ORGANIZATION TEAM)! A LOOONG HOLD.
Posted by rocktrader on :
i sold half and waiting for other half to touch 0.01
2 pm run on this should be good..base at 0.0065...WOW EOD run is coming....
Posted by skysthelimit on :
Thanks rv! I will let you know what happens.
Posted by StockSampler on :
Looks like Ameritrade may be done buying back shares for now. The volume has really slowed. I am still thinking this will go up from here as now there are much less tradeable shares in the O/S.
Posted by MoneyMoneyMoney on :
Insurance companies might step in if this is proven to be some type of "accident". Check your brokerage agreement and see if there is coverage on your account if anything happens. I may be mistaken and this is on the margin accounts, but anyhow I remember reading about it. Just an extra option of avenue if desired. I do hope something is done to help those of you that are in this predicament.
Posted by skysthelimit on :
TD-Ameritrade toll me that I do not have a choice. They bought PAIV back for me at these higher prices. Why couldn't they just undo the friday's sell at .0009??? now I owe them (TDAmeriterade/PAIV) over $8,000. Please give me some advice!!! Posted by rv on :
Guys What the hell is this. do i owe ameritrade. But this isnt my fault. How come this happen. pleae help
Posted by StockSampler on :
Wow that is rediculous. Not only did they buy them back for you, but now their restricted. I wonder when the shares will go unrestricted. Anyone know?
quote:Originally posted by skysthelimit: TD-Ameritrade toll me that I do not have a choice. They bought PAIV back for me at these higher prices. Why couldn't they just undo the friday's sell at .0009??? now I owe them (TDAmeriterade/PAIV) over $8,000. Please give me some advice!!!
Posted by TheCreator on :
the shares were supposed to be restricted for 1 year.
quote:Originally posted by StockSampler: Wow that is rediculous. Not only did they buy them back for you, but now their restricted. I wonder when the shares will go unrestricted. Anyone know?
quote:Originally posted by skysthelimit: TD-Ameritrade toll me that I do not have a choice. They bought PAIV back for me at these higher prices. Why couldn't they just undo the friday's sell at .0009??? now I owe them (TDAmeriterade/PAIV) over $8,000. Please give me some advice!!!
Posted by MovingUp on :
skys - this posted just now on RB, hope it helps. By: zambia123 23 May 2006, 01:59 PM EDT Msg. 54105 of 54107 Jump to msg. # PAIV Read this. Just got off the phone with investors relation and they told me that Ameritrade is at fault they took it upon them selfs to sell shares. I think they will definently be forced to cover.
Posted by rv on :
Did they tell u that.when i called they werent sure. when did u talk to them. please are u sure
Posted by TheCreator on :
i think every person at TDA is saying something different lol
Posted by th0th on :
One thing is for sure... some people are going to get fired.
quote:Originally posted by rv: Did they tell u that.when i called they werent sure. when did u talk to them. please are u sure
Posted by PCola77 on :
They can't really "undo" Friday's sell because it wouldn't be fair for the person who bought them from you. Basically someone has to buy them back, and unless you find someone generous to sell to you at way below market value, the difference has to come from somewhere. I've been saying this all along, but how can a mistake by Ameritrade cost someone like you? It just doesn't seem right, but I can't give you any more comfort than that.
quote:Originally posted by skysthelimit: TD-Ameritrade toll me that I do not have a choice. They bought PAIV back for me at these higher prices. Why couldn't they just undo the friday's sell at .0009??? now I owe them (TDAmeriterade/PAIV) over $8,000. Please give me some advice!!!
Posted by StockSampler on :
I would think that Ameritrade/TD violated SEC regulations by selling the shares. They are your "broker", therefore they are the ones who should have never let the order go through. It would be different if you were a broker and personally made the order on the floor of the exchange, but that is obviously not the case. Anyone else agree?
Posted by Hannibull on :
I agree 100% stocksampler, this has WRONG written all over it. Ameritrade made a mistake, THEY should make up for it, NOT the investor... There's probably a LOT of people out there that didn't know their shares would be restricted, people that assume since they were able to sell their shares that they were not restricted. I am shocked that Ameritrade forces Sky to give them $8000 for a mistake on THEIR part. I wonder if people can fight this...
Posted by Superbee383 on :
Ok.. I'm in the TD Ameritrade MARGIN handbook. I'm on page 10, and going to copy what it says. This is only if you have a margin account. And, if I'm reading this correctly.. I hope it helps our case: "Short selling can occur only in an account that has margin privileges and meets the minimum equity requirement of $2000. All orders to sell short a security must be so designated. Certain circumstances may prevent TD AMERITRADE from placing an order to establish, or from continuing to maintain, your short position. A short sale will not be placed if the stock cannot be borrowed. TD AMERITRADE must ask the lending brokerage firm to locate the shares requested for your order. All orders to short sell a security are subject to SEC and NASD execution rules. If the lending brokerage firm requests that the borrowed shares be returned, your brokerage firm must buy-in the shares which you are short, close out your short position, and deliver those borrowed shares back to the lending brokerage firm regardless of the profit or loss to you.... etc etc" Anyway.. it says "If a stock can be borrowed" If it's restricted.. how can it be borrowed??? My account still has the $2.3 mill margin call. I'm still short PAIV shs, and I still don't show my JPHC stock. All in all.. this is totally FUBAR'd
Posted by Impat on :
Of course they are in the position to know about the rules in force when shares are restricted. They operated the sell of the restricted shares.....You might not be well advice on what this was allowed or not, or even the conversion rate or whatever! They had to know about that, not you!
Posted by MoneyMoneyMoney on :
My ? is:
When brokerages receive restricted shares do have have to make it impossible to sell technologically or just declare they are on restriction and leave the responsibility up to the customer?
Posted by Hannibull on :
well moneył that would be the correct thing to do, is to block those shares from being sold... not doing that is screwing people over, and this is exactly what's happening now
Posted by rv on :
Dont worry guys. we will see what they come up with, if its in our favour good or else we will sue them. its not our fault.
Posted by PCola77 on :
I think his question is, what are the rules/laws? Do they HAVE to keep them from being sold or do they just do it to "be nice" and ultimately it's the responsability of the investor to know if they can make the trade or not.
quote:Originally posted by Hannibull: well moneył that would be the correct thing to do, is to block those shares from being sold... not doing that is screwing people over, and this is exactly what's happening now
Posted by Impat on :
do not forget everybody here is paying a brokage fee...
Posted by MoneyMoneyMoney on :
Hannibull, yes, it would be the "correct" thing to do but not everyone is ethical these days. I'm asking what about the legalities they are held to? Must they place restricted shares on an intradable status? If so, ya'll will have 25 mm rounds ready to aim and fire! If not some might be flinging .22 shells with a slingshot.
[ May 23, 2006, 14:39: Message edited by: MoneyMoneyMoney ]
Posted by skysthelimit on :
I left a message for someone else to call me back with more answers. I will let you know what happens, as soon as I find out!!! For now, my account shows a LOSS $-8,400.00. And this is my Roth-IRA account(a non-marginable account) so I can not do a thing about the BIG LOSS! If anyone finds out anything, PLEASE Post.
[ May 23, 2006, 14:55: Message edited by: skysthelimit ]
Posted by Hannibull on :
sorry money and pcola, can't answer that question, I didn't mean anything in an angry way though sorry if I confused you. I hope you guys can solve this... I'm disgusted with how Ameritrade handles this (Sky's situation)
Posted by therustytrombone on :
How bad of an idea would it be to hold this overnight? What's the gap gonna look like tomorrow at the open? Any ideas?
Posted by Superbee383 on :
I do have other non-tradeable stocks in my account. Dividends from BKMP and PAIM. Those are clearly marked as non-tradeable. The PAIM divvies give the name and "DO NOT SELL" in the instrux. The ones from BKMP clearly says "RESTRICTED". These JPHC that became PAIV said nothing. All it shows in the 'N/A column of 2mill is ".462320850:1 EX 5/19" I just spoke to Ameritrade again. They still don't know what's going on. He said they're getting wires every 20min or so about it, and that nothing has been resolved yet.
Posted by dkinvest on :
I think that if you hold until tommorow, you might be able to buy a new trombone. Posted by Hannibull on :
quote:Originally posted by dkinvest: I think that if you hold until tommorow, you might be able to buy a new trombone.
lol good one Posted by dkinvest on :
I believe all in all, that Ameritrade is ultimately responsible for this mess, not the shareholders...they are the ones who engineer their trading platform and they are the ones who made it available for traders to trade these restricted stocks due to their negligence. If Ameritrade tries to pass the 'buck' down to the traders, I can see one hell of a class action law-suit.
Posted by therustytrombone on :
I was in on friday at .0012 and out at .0016 and I made a pretty decent gain for 8 minutes. Then I looked at crapped myself when I saw it at .0087 -- I coulda had a bunch of trombones
I felt like I had to get back in because I was basically kicking myself -- but we'll see! Good luck to all the people with restricted share problems, that's a nightmare.
Posted by Superbee383 on :
Well dkinvest, I do believe they will try to have us, the shareholders, take responsibility. They are pretty much saying that they are the ONLY brokerage firm that didn't know that the stock was restricted until today. And that if they don't KNOW that it's restricted, we can sell/buy as we see fit. I mentioned again about the 3 day settlement rule and a trade being busted, but that too was passed over. I tried that since I SOLD short at a low price, the MM's could BUY it back cheap! They'd make a fortune They buy it back at what I sold it at, and resell it for 5x what they paid. That too was pretty much passed over, as the MMs aren't taking calls or wires about PAIV.
Posted by pepsiman on :
I'm sorry folks, but enough is enough. I hate to be the kill joy but before this merger came about I had 2500000 shares of JPHC, and you know what, I still have 25000000. WHY, because I did my DD and I knew back then as I know now that JPHC as well as APOA would be resticted. As a matteer of fact I bought another 5000000 just before the the merger on 5/18/2006. I did this because it was a good investment. I then bought 200000 of PAIV for trading. Why did I do that? Because I did my DD Now as for the problems with Ameritrade or any other broker, they obviously have done wrong.But the ultimate wrong falls on the traders that sold when they new they were restricted or if they didn't know then they should have done there DD before pulling the trigger.
Posted by pepsiman on :
sorry in my frustration I typed my shares wrong. I bought 25000000 and I still have 25000000.
Posted by Superbee383 on :
Pepsi, you're probably right, but, I called Ameritrade yesterday and asked why I couldn't sell. HE said I could.. and HE put the order in.. I didn't enter the order, Ameritrade did. HE wrote out the order to sell and HE entered it.
Posted by rv on :
As far as i know. i didnt know it was restricted. SO i called ameritrade and asked them and they said the same too. The next day i saw it . It was not restricted. Within minutes after opening i sold since i thought it was not restricted. I dont think iam responsible.
Posted by dkinvest on :
"They are pretty much saying that they are the ONLY brokerage firm that didn't know that the stock was restricted until today"
So ultimately they are admitting their own mistake. THEY(TDA) claim they didn't know about the restriction. What this means is THEY (TDA) didn't do the research that they should of done like the other "brokerages". Also, they granted these restricted shares prior to the allocation of merger shares from the DTC.
From PAIV's PR yesterday:
"The Depository Trust Company has confirmed with Paivis that no allocation of any Merger Shares has taken place by them due to the facts that the Merger Shares are restricted and that the Merger Shares have not been physically received by Depository Trust Company for further allocation"
So essentially, they have naked shorted MILLIONS of shares since friday.
I can not see how the shareholder/trader is responsible for their (TDA) screw up.
Posted by madOIL on :
exactly pepsiman the underlying responsibility falls on the investor who DECIDED to sell restricted shares even though they were not so marked DO YOUR DD (MOST IMPORTANT ASPECT IN THE WORLD OF INVESTING RESEARCH RESEARCH RESEARCH!!!!!) investing is a non-stop search for information to make better informed decisions WITH YOUR MONEY!! investors must understand all aspects of what they are getting into (stock splits, mergers, acquisitions, dividends in restricted stocks - my favorite ones to get out of)before they decide to make impulse decisions
Posted by rv on :
I dont even have 500 $ savings. Everything i own is at loss. iam screwed
Posted by pepsiman on :
Great, but I call mastertrader 5 times before they finally figured out that I was right and that they were restricted. and that was yesterday morning at 6:30 when the market opened. I also called PAIV and then I called Bellwether reports to give them the heads up so they could research it out and let traders like you know that it was wrong to sell your shares that were restricted
Posted by dkinvest on :
TDA still is in the wrong since they gave the traders shares that were not allocated to them from the DTC. How can the trader be at fault for this?
Posted by pepsiman on :
yes they are but you should have not sold restricted shares dk
Posted by madOIL on :
how much of a loss did people sell this for thur or fri 80% or so, why would u sell for a loss after and not before merger!!! i meand yeah 80% down sucks but why sell for a loss, it isnt a loss until u sell, so why not hold on and see what happens instead of jumping the gun? patience is definitely key in some situations, kinda like this just my thoughts
Posted by PCola77 on :
Get off of your high horse. I saw that a stock that I was in was supposed to be restricted but was not, and I'm supposed to say "Hey, it should be restricted. There's a chance that the company didn't make them restricted and thus I'm free to trade them, but I think I'll do the right thing and watch it freefall by over 90%, just in case they really are restricted. I don't want to ruffle any feathers at Ameritrade!"
Get real.
quote:Originally posted by pepsiman: I'm sorry folks, but enough is enough. I hate to be the kill joy but before this merger came about I had 2500000 shares of JPHC, and you know what, I still have 25000000. WHY, because I did my DD and I knew back then as I know now that JPHC as well as APOA would be resticted. As a matteer of fact I bought another 5000000 just before the the merger on 5/18/2006. I did this because it was a good investment. I then bought 200000 of PAIV for trading. Why did I do that? Because I did my DD Now as for the problems with Ameritrade or any other broker, they obviously have done wrong.But the ultimate wrong falls on the traders that sold when they new they were restricted or if they didn't know then they should have done there DD before pulling the trigger.
Posted by dkinvest on :
The fact is the restricted shares they sold were illegal...The DTC had not yet allocated them.
TDA is 100% liable for that, IMO.
Posted by Repoman75 on :
Don't you understand what TD Ameritrade is doing right now?? They are stalling... here, let me play out the scenario.
Top TDA execs are sitting around saying "Ok, we f'ed up. Our reorg dept. credited these shares and did not restrict them. Now, we have 2 choices. We can do forced buybacks and screw the investors and maybe face class action lawsuits, which may not be that bad because, if you read all our legal mumbo jumbo, Ameritrade is just providing a trading platform - the investor makes the ultimate decision. Or... we can break the trades and Ameritrade will be short all of these PAIV shares at say .001... so what do we do?"
Another executive is answering "Let's stall. Get NITE on the phone and tell them to manipulate the sh1t out of this and get it down to .002. If the share price drops, we will buy back in block orders, AND THEN break the trades for investors, making them happy."
They are playing a game of chicken... settlement date is tomorrow. If this stock doesn't drop, you guys better get your lawyers on the phone.
Posted by wallymac on :
quote:Originally posted by Superbee383: Pepsi, you're probably right, but, I called Ameritrade yesterday and asked why I couldn't sell. HE said I could.. and HE put the order in.. I didn't enter the order, Ameritrade did. HE wrote out the order to sell and HE entered it.
Your case may be different than others. Since your trade was broker assisted you may have an out. Others that traded online without assistance are on thier own. Read the guidelines. With no broker assistance we are ultimately responsible for our own trades..
Posted by madOIL on :
pepsiman i commend you on your strategy on this one couldnt have played it any better IMO
Posted by dkinvest on :
quote:Originally posted by dkinvest: The fact is the restricted shares they sold were illegal...The DTC had not yet allocated them.
TDA is 100% liable for that, IMO.
Cause & effect. You get no effect if you have no cause.
Cause: illegal shares distributed to traders by TDA Effect: traders traded illegal shares
Responsible party: Cause.
Posted by pepsiman on :
PCola77 that is what a phone is for. I called several times. As I stated earlier post I called my broker yesterday morning and they were telling me they were unrestricted, but I knew different. My broker finnaly e-mailed me to let me know I was right. research, research, research!!!!
Posted by dkinvest on :
This goes higher tommorow, watch.
Posted by madOIL on :
RESEARCH IS THE KEY TO SUCCESSFUL TRADING!!! ever wonder why people always say "do your own dd" there you go!! JHPC - APOA - PAIV PERFECT EXAMPLE!!!!
Posted by PCola77 on :
If you read through this post you'd see that I did in fact cal;l the broker, probably more times than you did. And I'm very proud of you that you didn't sell, but you're being a prick about this if you think everyone else should have watched the stock fall like a stone and say "I bet I can have an answer in 15 phone calls and 4 hours! I won't sell because I don't thikn I'm supposed to be able to"
quote:Originally posted by pepsiman: PCola77 that is what a phone is for. I called several times. As I stated earlier post I called my broker yesterday morning and they were telling me they were unrestricted, but I knew different. My broker finnaly e-mailed me to let me know I was right. research, research, research!!!!
Posted by Repoman75 on :
If Ameritrade forces the buyback, you may see .01... if they want to keep clear of lawsuits, watch it brought down to .003 or lower.
Posted by Superbee383 on :
That would be great wallymac, but I tried that route too. I said that I called because I couldn't enter the order, and that THEY entered it.. what about THAT person?? Again, it was blown over. I know about arbitration, etc. I'm pretty sure my conversation would have been recorded, BUT, I also KNOW for fact that phonecalls, emails etc disappear when a customer needs them for proof.
Posted by Repoman75 on :
Superbee, Ameritrade records ALL phone calls. They have them for like 2 years.... it's NASD rules.
Posted by wallymac on :
It's no different than if a bank was to deposit money in your account that didn't belong to you. If you spend it you are responsible to replace it.
Cause and Effect doesn't work there.
I hope the brokers have to pay but I doubt it.
Posted by tonicma on :
Thank you very much, I am out with nivce 200% gain. Putting it into BIGN
Posted by Tmoney on :
hey guys, is paiv gonna run anymore or is it over just wondering
Posted by dkinvest on :
quote:Originally posted by wallymac: It's no different than if a bank was to deposit money in your account that didn't belong to you. If you spend it you are responsible to replace it.
Cause and Effect doesn't work there.
I hope the brokers have to pay but I doubt it.
How can TDA NOT be responsible for PAIV shares they gave traders that have yet to be given to them? That is exactly what they did, and they are 100% responsible.
Restricted shares or not, these shares should not have been given to traders!!!
Posted by PCola77 on :
pepsiman, sorry taht I made this personal with you. I'm just thinking about the people that could potentially have life altering consequences because of this "mistake", and I don't think those people need you here basically saying "I told you so!" People will no doubt learn a lot from this, but the wounds are still fresh and I respectfully ask you to step away from this thread for a bit if you're just going to talk about how you were right and everyone else was wrong.
It's your decision of course, but out of respect for people who may be deeply affected by this, I hope you see where I'm coming from.
Posted by Repoman75 on :
DK - read your customer agreement.... they are your trading platform, not your broker. They don't offer advice... it is the public's responsibility.
Again, unless this stock drops where TDA can buy back cheaply, prepare to get the azz raping of a lifetime... it seems JPHC is good at that till the bitter end.
Posted by tonicma on :
NICE, Might get back in tomorrow.
Posted by tonicma on :
Will it hit 0.008 today again.
I'm back in again with half of my money for gap tomorrow.
Sold too soon, but hi already 2% in the green.
Posted by dkinvest on :
Nevermind the restricted, not restricted stock, etc.
What I am saying is TDA gave traders shares that were not yet allocated to them from the DTC. How can the trader be responsible for that? It would take hours of DD to check behind them, and should not be the responsibility of the trader. This is why we pay them commission fees.
Posted by wallymac on :
quote:Originally posted by dkinvest:
quote:Originally posted by wallymac: It's no different than if a bank was to deposit money in your account that didn't belong to you. If you spend it you are responsible to replace it.
Cause and Effect doesn't work there.
I hope the brokers have to pay but I doubt it.
How can TDA NOT be responsible for PAIV shares they gave traders that have yet to be given to them? That is exactly what they did, and they are 100% responsible.
Restricted shares or not, these shares should not have been given to traders!!!
Just as the bank should not have put the money in your account to begin with. I have read and even known people that had this happen. A big sum of money was put in their account by mistake and they spent. They ended up going to court and the Judge ruled in favor of the bank.
Believe me I don't want to see anyone get hurt but I could see the same scenario play out here.
Posted by Superbee383 on :
Repo... that's good news. I just hope it doesn't end up in the blackhole somewhere, where they can't find it. I learned a valuable lesson about emails though after Arbitration. And I learned that if I go to talk to a broker, record it.
Posted by Stockeyes22 on :
Posted by: Pcola77
quote: If you read through this post you'd see that I did in fact cal;l the broker, probably more times than you did. And I'm very proud of you that you didn't sell, but you're being a prick about this if you think everyone else should have watched the stock fall like a stone and say "I bet I can have an answer in 15 phone calls and 4 hours! I won't sell because I don't thikn I'm supposed to be able to"
I just want to say that it doesn't matter what you think you are able to sell or not. You were not supposed to sell is a fact. Because you still had the ability doesn't make it Ameritrade's fault. The PR's clearly stated the shares were restricted. If you weren't 100% clear if whether or not you could sell then you probably shouldn't sell or at least do some more research till you know for sure. And on the fact of waiting, even if the stock falls 90% the shares still were restricted and yes you did have to wait because they are restricted. The law is still the law and if you break it there will be consequences. Hopefully this will help investors in the future not to make the same mistake.
Posted by Repoman75 on :
Superbee, I'd get ready to jump off a bridge man.... $2.3 mil? Prepare for calls from the Collection Agency.
PRAY tonight for a drop in PPS.
Posted by pepsiman on :
PCola77 Nothing taken personally and I did not intentionally mean to hurt those who are in this perdicament. I was just getting tired of those who were complaining so much. I hope it works out the best for eveyone but I know some traders are not going to be happy no matter what.
Posted by Superbee383 on :
Stockman, what about my case? I called and said I don't understand why I can't sell my shares. THEY TOLD ME I COULD. THEY PUT THE ORDER IN TO SELL.
Posted by Repoman75 on :
You may have a case Superbee... if you called and a LICENSED broker told you that you can sell, you may have a case.
Posted by stocks1984 on :
what is all the mis interpetation about here? sorry can someone bring me up to speed about this stock and the issue of selling?
Posted by th0th on :
quote:Originally posted by stocks1984: what is all the mis interpetation about here? sorry can someone bring me up to speed about this stock and the issue of selling?
The market was flooded by restricted PAIV stock by TD Waterhouse/Ameritrade.
Posted by tonicma on :
Can say SHORT SQUEEZE.
I LOVE this, but I do feel bad for those who somehow sold restricted shares.
I took advantage of this and bought boatload of this stock this morning and I was right.
Sold for 200% but bought back in just before close due to the panic in this room and many oter rooms.
This thign is goign to hit 1 cent minimum tomorrow.
if my bet is right this sqeeze will make this a 5 to 10 bagger minimum.
LOVE YOU ALL.
Posted by Superbee383 on :
quote:Originally posted by Repoman75: You may have a case Superbee... if you called and a LICENSED broker told you that you can sell, you may have a case.
Repo, I just called the same person again at Ameritrade. He did say that all phonecalls are kept for years, which is good! And it's on their screen that a broker DID put the trade in for me, BUT, he still doesn't know how it's going to be resolved. Ameritrade is trying to find out who told them that the stock wasn't restricted. As of the last email he received, nothing was settled about what's going to happen to us, our money, our shares.
Posted by Repoman75 on :
Ameritrade is probably looking to see if the T/A or DTC will cover their losses... but I doubt it.
Posted by rocktrader on :
guys not to late...Make a complanit to SEC and they halt the stock....you can get some numbers and emails from www.sec.gov...
Because friday sales are not settled (takes 3 business days) everyone gets their old stock back...
my 2 cents...i made profit on this but can give it back to you all...
Posted by Repoman75 on :
No WAY this stock gets halted. No WAY. Too many trades happened already.
Ameritrade is getting desperate... if this tanks on the open tomorrow, watch for my theory to come true. If not, those who sold restricted shares are SCREWED.
Posted by Superbee383 on :
202-551-6551 is for Investor assistance and complaints.
Thanks for the link Rock. I guess I'll get to sit on the phone all day tomorrow again!
Posted by wallymac on :
I suggest you read your broker agreement very carefully.
In Scottrade's Brokerage Agreement under #8 it states:
"You agree that ant purchse or sell order accepted (inadvertently or otherwise) by us without sufficent funds or negotiable certificates, respectively, in your Account will be subject to liquidation in the case of a purchase order, or buy-in in the case of a sell order, at your expense."
It further states:
"In the event of a sale order is executed and the securities are not in your account, you promise to deliver all securities sold, on or before settlement date. If such funds or securities are not received on or before settlement date, we may liquidate your account and you will be liable for any resulting losses and all associated costs that we incur."
I'm other brokerages have similiar language. Be careful. CYA.
Brokers have been caught before selling shares they didn't have. They simply bought them to replace what was missing and may have paid a fine.
If this goes to litigation, your account will be tied up for years waiting for the courts to decide.
I have no stake in this. Have not bought one share and am only trying to shed whatever light I can on this as well as learn a lesson for myself.
Hope it all works out.
Good Luck Wally
Posted by TheCreator on :
it won't be halted, i'm out of this for now.. but they won't halt it... they wouldnt' have allowed us to sell the shares purchsed on friday or monday if that was the case.
someone will be buying the shares back, ameritrade or the sellers.
Posted by stocks1984 on :
does this have any concern to anyone who bought shares today?
Posted by dkinvest on :
Interesting read on another board:
Buying is different than selling. Buying in the open market you are supposed to be assured that what you are buying are unrestricted, tradable shares.
Now, the problem comes on settlement date, the guy I bought them from on Friday, has to deliver them to me tomorrow. But he can't, he only has restricted shares. So he can be forced to purchase tradable shares in the open market to cover the short created friday. Meanwhile, I'm stuck with a fail to deliver. But I can still pass on the shares I bought and the next guy will get a fail to deliver until, eventually, someone clears up the short. round and round we go
Posted by tonicma on :
Yup, And in this case, you can go to court and based on the evidence that is evident here and from Ameriturde emails, basically I can claim damagest etc from the person that did not settle my shares.
But I won't do that, I will just pass this onward to somebody else at haight price.
I already sold half so all I have now is free shares that will sell half at 10 cents.
Posted by tmanfromtexas on :
Now all the naked shares are out already on this one we dont have to worry or argue as to why the share price once it starts falling is falling. Those naked shorters. lol. TMAN...
Posted by tonicma on :
well, the mroe they short the MORE I buy because this restricted share is STILL wide open right now
Do what they want but they STILL MUST covger ALL naked shorts get my point.
Posted by PCola77 on :
Too bad I didn't have an extra $60K lying around. I would have loved to have bought 60 million shares on friday at .001 and owned 109% of the company and requested that the paper stock be delivered to me Posted by dkinvest on :
That would have been hilarious Pcola. We would all be calling you to fix this cluster then. LOL. TMAN...
Posted by th0th on :
quote:Originally posted by PCola77: Too bad I didn't have an extra $60K lying around. I would have loved to have bought 60 million shares on friday at .001 and owned 109% of the company and requested that the paper stock be delivered to me
HAHA! That was what I was thinking last night.
So if one bought the whole 56,575,212 float, and don't sell, will the price go up infinitely? =)
Posted by HorseRider on :
Sorry, for all that sold restricted shares. Many people are in too big a hurry these days. I am fairly new to these stocks and had 1 mil JPHC. But did see it was restricted in the merger agreement, so had no thoughts of selling. Also glad they flagged it with a temporary symbol. What are the opinions on PAIV from here? Bought at 23 250000 so;d 100000 at 7. So i am thinking of holding for a bit. What are some of you doing?
Posted by th0th on :
I'm thinking tomorrow the gap is going to close.
Posted by cottonjim on :
And I thought this thread was entertaining yesterday. Today has far exceeded my entertainment expectations. I am so glad that I sold mt JPHC or I would be in the same boat. I do feel bad for those that sold restricted though. Just remember, I'm laughing with you, not at you Posted by DQ. on :
I have been confused and called Scottrade to get some answers. They told me that I could do nothing with my 2 million shares of JPHC. They gave me the number to call for shareholders services for PAIV which I just hung up with.
The lady told me that my JPHC shares will be converted to RESTRICTED PAIV shares which I cannot do anything with for one year. She also said there were some further restrictions for the second year also. Sounded like you may not be able to sell anytime you want in the second year. NOT SO GOOD. I then aksed her what the trouble was with Ameritrade selling PAIV and why there was 760 million in volume today.
She said the ONLY THING that should be trading is anyone that had APO shares and there are not anywhere near that many shares of APO. She said that the Ameritrade problem is not their problem. She said they told Ameritrade to halt this and this money will have to be recovered from the investors or Ameritrade.
SO, I'm not sure if some of you better hang on to any profits you have made buying and selling this OR....perhaps there are going to be some lawsuits flying around very soon.
Hope this clears things for some people....all I know is I'm pissed cause I now have 2 mill. shares I'm stuck with for 1 to 2 years. She also told me that it was clearly stated in the PR that they would be restricted but I did not understand it that way as I'm sure many of you didn't either. I thought that thru the merger I would possibly end up with SOME TYPE of restricted shares but I never thought it was going to be all of my entire JPHC holdings. Hope this helps. You can call the number at 800-963-6471.
Posted by PCola77 on :
Which gap? The one when it dropped from .01 to .001 meaning you think it'll touch a penny tomorrow?
quote:Originally posted by th0th: I'm thinking tomorrow the gap is going to close.
Posted by TimLV on :
I think this will see beyond a penny tomorrow. The shares sitll must be bought back and, unfortunately for many, the sellers have a stranglehold on the price. If they want .05 they can get it because someone has to buy it. The only question now is who is going to eat the cost for this momentus screw up.
Posted by tmanfromtexas on :
Thoth, I have heard that term a million times and I guess I need to ask a stupid question. What does fill the gap mean and how does it affect the stock. Thanks in advance, TMAN...
Posted by PCola77 on :
Basically if a stock "gaps" big in one way or the other means it closes at a price one day then opens at a price much different form that. Meaning thre was a gap in which no sales took place. Like APO closed at .01 on Thursday and opened like 85% down at .0015. Filling the gap is when the price corrects itself to the point where it ended the previous day.
I haven't really thought too much about it, but it's not obvious to me why it happens as often as it does. Some peole say it has to do with the prices that MMs bought and sold, but it just doesn't seem like that's a good enough explanation.
Posted by TimLV on :
So here's a question for the board. Given the way this stock has spiraled out of control, it seems to me the only safe way to save both company and investor from incurring massive damage is to halt trading. However, the company does have the option to just screw the investor, which is far from unheard of. Do you think that they will halt the stock tomorrow or will it just be a payday for some and bankruptcy for others?
Posted by stocks1984 on :
what are the assumptions that will happen tomorrow for this stock. from the sound of the board, it looks like PAIV is not finished yet! could we see .03 again as it did couple months ago?
Posted by tmanfromtexas on :
Thanks PCola, So with thoth's thought (say that 3 times) of closing the gap, will the price fall somewhat tomorrow after a short run. TMAN...
Posted by TimLV on :
quote:Originally posted by stocks1984: what are the assumptions that will happen tomorrow for this stock. from the sound of the board, it looks like PAIV is not finished yet! could we see .03 again as it did couple months ago?
This is just my opinion here, so take it for whatever you like.
1 of 2 things will happen tomorrow. The stock will be halted due to the enormous level of this screw up and in an effort to stop any further damage from occuring....OR the price will see multiple pennies as word has gotten out and been confirmed that those who shorted, be it intentional or unintentional, HAVE to buy back the shares. You could see this thing go well beyond what it will EVER be worth simply because they know someone has to buy the shares no matter what.
I don't know which will occur but financially I am hoping for the latter while I am not going to be upset with the first. I can get rich on another stock another dya, I don't want to see too many people bankrupt over a brokerages mistake.
Posted by PCola77 on :
How would halting the stock help? People who bought the stock would be out 100% of their investment, people who short sold it would make 100% profit, and the brokers would be even.
quote:Originally posted by TimLV: So here's a question for the board. Given the way this stock has spiraled out of control, it seems to me the only safe way to save both company and investor from incurring massive damage is to halt trading. However, the company does have the option to just screw the investor, which is far from unheard of. Do you think that they will halt the stock tomorrow or will it just be a payday for some and bankruptcy for others?
Posted by wallymac on :
This is Only my Opinion but be very very careful.
I can't see how this can't be halted.
It's immpossible for all the shares to be covered. There are only Apprx 56M shares available for sale. If only 1M additional shares were put on the market and are now circulating it's impossible to cover them. You can't cover with what isn't there. It's going to hit the fan tommorrow with the failure to delivers. Tommorrow is the third day. The day of reckoning. This is truly a mess. At some point the merry-go-round has to stop.
Posted by cottonjim on :
If anyonw wants a free lesson in candlestick charting wait until Friday and look at a candlestick chart for this stock. If a gap takes place you will be able to recognize the pattern for future purchases and sales. I predict that we are going to see an upside tasuki gap by Thursday, which may be to late to get the best selling price. I think that this dilema will have played itself out by the EOW and the upward gaps will be filled. Watch your back.
Posted by th0th on :
GAP:
Posted by tonicma on :
that is why tomorrow will be the Day Of Reckoning
Major gap up and run 10X pps.
I'm gonna make my million and all you otherw better buy buy buy.
Show now mercy to Ameriturde
Posted by th0th on :
quote:Originally posted by PCola77: Which gap? The one when it dropped from .01 to .001 meaning you think it'll touch a penny tomorrow?
I think it will touch .01 tomorrow.
Posted by TimLV on :
quote:Originally posted by PCola77: How would halting the stock help? People who bought the stock would be out 100% of their investment, people who short sold it would make 100% profit, and the brokers would be even.
quote:Originally posted by TimLV: So here's a question for the board. Given the way this stock has spiraled out of control, it seems to me the only safe way to save both company and investor from incurring massive damage is to halt trading. However, the company does have the option to just screw the investor, which is far from unheard of. Do you think that they will halt the stock tomorrow or will it just be a payday for some and bankruptcy for others?
The brokers would be even, which is in their best interest. I doubt it will happen as well, I think the company will pressure them not to because that will ruin any future chance at moving to a bigger board but I just want to consider all possiblities. Quite frankly, my guess is that this opens over a penny and keeps on running. People have a product that other people are required to buy. They certainly aren't going to sell it cheap.
That's just my train of thought though.
Posted by Repoman75 on :
Halting has nothing to do with this to help.
Someone has to buy shares , the brokers or the investors.
Tomorrow will be interesting.
Posted by TimLV on :
The solution to this is that AMTD will have to buy back the unrestrcited shares and the volume will slowly decrease until it hits the actual level it was supposed to be. That being said, this can be a very nice week for some and my condolences to others if this comes to pass.
Posted by wallymac on :
The problem is that in essence a huge number of shares that technically don't exist were sold. If 100 Million additional shares were sold how can 56 Million shares cover 156 million shares unless it's a shill game that keeps going round and round and never stops. Some type of intervention is going to happen by whom and when is the only question.
Posted by TimLV on :
That's the thing, the shares DO exist, they are just restricted. As such, someone (investors or brokers)will have to cover the positions that were shorted. This will continue until the gap between restrcited and unrestricted closes. It is going to be an interesting week!
Posted by wallymac on :
quote:Originally posted by TimLV: That's the thing, the shares DO exist, they are just restricted. As such, someone (investors or brokers)will have to cover the positions that were shorted. This will continue until the gap between restrcited and unrestricted closes. It is going to be an interesting week!
Restricted shares are non tradable shares. The only way this can be covered is if the company issues enough additional share on the open market to cover the deficit. You can't turn 56 million shares into 156 million or more. There are only a few options. Issue more shares from the A/S, unrestrict the restricted shares or do a forward split. At this point the only solution is to make more shares tradable. REMEMBER AT THIS POINT IN TIME THERE ARE ONLY 56 MILLION TRADABLE SHARES.
Posted by tmanfromtexas on :
Unfortunately for the share holders of restricted shares, who sold their shares, will have to replace those shares that are available on the open market. TD/A and any others have probably started that today and when their accounts are reconciled then things will get back to normal. Then to make sure that all shares are accounted for, do a forward split on the trading shares of 2/1 and that will reconcile the rest. Just my opinion. TMAN...
Posted by TickTrader on :
Here's a few points I find interesting. Call me a stuck stick, but I can't pass go on this.
1. jphc shares were never collected and cancelled. So how did PAIV get accurate shareholder/share count for their filing? Seems to me that either paperwork wasn't filed, or not implemented properly.
2. trading continued on jphc up until May 19. I can't speak for dates after that, because I stopped tracking it. It must be a common occurence, because this situation/remedy appears in pinksheets basic FAQs.
3. PAIV intended a lot of things, but there are still missing links in their filings to accomplish their goal. Based on declared actions (otcbb events), all jphc and apoa shares were treated as a company name change and symbol change, carrying no restriction. BECAUSE THE OLD JPHC SHARES should not have existed at that point. And I won't bring up the missing APOA divvy count in the last filing (which, hey, I should have received on my jphc shares, too).
Now for my commentary... if that's the best Macro/PAIV can do, then they should be halted. Every day is further injury. They needed jphc for the shareholder count and APOA for the otcbb listing. If Ameritrade deals with them at the expense of their own customers, for the sake of giving PAIV cover, then Ameritrade deserves to be what... halted? Call the SEC, file complaints, I'm sure plenty of shareholders have already done that.
Posted by TickTrader on :
quote:Originally posted by PCola77: How would halting the stock help? People who bought the stock would be out 100% of their investment, people who short sold it would make 100% profit, and the brokers would be even.
PCola, a halt would give everyone a chance to straighten this mess out. Trading on PAIV is complicating a resolution exponentially.
Posted by th0th on :
quote:Originally posted by PCola77: Basically if a stock "gaps" big in one way or the other means it closes at a price one day then opens at a price much different form that. Meaning thre was a gap in which no sales took place. Like APO closed at .01 on Thursday and opened like 85% down at .0015. Filling the gap is when the price corrects itself to the point where it ended the previous day.
I haven't really thought too much about it, but it's not obvious to me why it happens as often as it does. Some peole say it has to do with the prices that MMs bought and sold, but it just doesn't seem like that's a good enough explanation.
Posted by BuyTex on :
Logic says this won't be suspended: Ameritrade froze trading today in accounts that had nothing to do with shares in question released Friday. Later that freeze was lifted... That tells me the deal has been cut. I'm hearing now Mytrade has told its clients it will cover it clients' short position, but *only* for the first transaction...in other words, you're a Mytrader and sold JPHC/PAIV on Friday, they'll cover all your short *if* you liquidated...but if you sold a portion, then another, then another...they'll cover only the first transaction.
In the GVRP suspension, the company was *screaming* and begging for suspension...supposedly, these guys are using whatever power/influence they have to avoid suspension.
(btw, a persnickety point: a "halt" is brief interruption (part of a day) that originates with NASD/NASDAQ the serious interruption is the 10-day suspension that originates with the SEC.)
Posted by th0th on :
Just treat this as a stock that has been severely naked shorted.
quote:Originally posted by wallymac: The problem is that in essence a huge number of shares that technically don't exist were sold. If 100 Million additional shares were sold how can 56 Million shares cover 156 million shares unless it's a shill game that keeps going round and round and never stops. Some type of intervention is going to happen by whom and when is the only question.
Posted by TickTrader on :
quote:Originally posted by BuyTex: In the GVRP suspension, the company was *screaming* and begging for suspension...supposedly, these guys are using whatever power/influence they have to avoid suspension.
(btw, a persnickety point: a "halt" is brief interruption (part of a day) that originates with NASD/NASDAQ the serious interruption is the 10-day suspension that originates with the SEC.)
Yes, I'm wondering why PAIV isn't doing the same thing. It's not the end of the world for uplisting... unless there's more to the story.
And, thanks for that correction - suspension. Yes, we need that. In the meantime... DAYTRADERS! Go get 'em!
Posted by BuyTex on :
TT, for whatever reason, the company line is they fear a suspension will jeopardize their 15c-211 filing, which must come from a market maker. Most suspensions result in either permanent limbo (GVRP), extended periods of no trading (BCIT) or trading on greys (SSTY)...not in the biz plan, obviously, for a company whose announced goal is either AMEX or NASDAQ.
Posted by TickTrader on :
announced goal is either AMEX or NASDAQ
Their plans need a refresh button or a real-time feed, if this is the best they can do.
Don't get me wrong, I still have my shares. And will until they take 'em away. But they are debt free (? didn't check lately) because Hawkins took their debt in exchange for 30% interest. Oh, I say no more on this. Hope they get there, but I doubt it.
Posted by BuyTex on :
you asked about consequences of suspension, lol, not my view of management...
Posted by Chad on :
sry to ask now, but does anyone now what the 20 day avg of APOA ended up being? was it .01? I had JPHC, so just wondering. Scottrade hasnt updated account yet. If so, then the split price avg would make a JPHC share at the time worth .0025. Now I just hope PAIV can maintain a penny for 2 yrs.
Posted by TickTrader on :
BuyTex, not directing my comments at you. Your input and advice are always a welcome sight.
I'm so dam mad about how shareholders get treated. Every dam time. I hope whatever deals they have worked out will remember the peeps that make all their grand plans possible.
Posted by BuyTex on :
roger that, TT
Posted by PCola77 on :
The final ratio was .4623 shares of PAIV for each share of JPHC. If I'm dong the math right that would have put the average of APOA at .0108 or so.
quote:Originally posted by Chad: sry to ask now, but does anyone now what the 20 day avg of APOA ended up being? was it .01? I had JPHC, so just wondering. Scottrade hasnt updated account yet. If so, then the split price avg would make a JPHC share at the time worth .0025. Now I just hope PAIV can maintain a penny for 2 yrs.
Posted by Stockeyes22 on :
I dont know about the rest of you but I am definitley holding my shares and I know of about 20 million shares so far that are being held by other investors. I called Glenn this morning, He is a 3rd party investor relation for paiv. He said that the float on the stock is 28.9 million shares. Which means if you all hold, this stock will go up tremendously because the stock will have to be condensed down from these 100's of millions of shares to 28.9 million!! I am sure the market makers new this and have been buying up these shares left and right to make a HUGE profit.
I know my stock group has
GLTA
Posted by AshyToClassy on :
Good morning folks, todays the day of reckoning. SETTLEMENT DAY for fridays nightmare..
lets pay close attention. I have a feeling the greedy MM's are gonna blow this thru the roof. I sympathize for any who sold short on Friday.
Posted by TimLV on :
I would not be at all surprised to see .10 today. Fact is, if what Stockeyes said is true, then everyone has to fight to get a lot of shares down to a small number of shares by comparison. MM's and those who didn't short sell aren't going to let them go cheaply. Today will be a bloodbath for some and retirment for others. GLTA.
Posted by Repoman75 on :
Day of reckoning is right.... should have loaded up at .001 like I said on Friday! Damn my timing sucks!
Posted by Hannibull on :
those that have JPHC shares in their ameritrade accounts showing, those shares will be automatically converted back into PAIV shares correct? Does anyone know when that is?
Yesterday they converted PAIV shares back into JPHC shares until they clear up this mess, that's why I'm asking
Posted by Fuzzy1018 on :
this is bull****, i had to back the shares .0059 that i shorted on friday. Right now i have no paiv shares showing in my account and my account is negative balance ... just ****ed up brokers dont want to take an blame as to what hppnd. any help guys?
Posted by Johnwayne on :
So if I buy in now I have no restrictions correct? I want to throw a little bit in this one but will I have any trouble selling?
Posted by Repoman75 on :
John, you can buy and sell all you like.. unless your broker goes haywire and suspends trading (or the SEC suspends trading)
Posted by Fuzzy1018 on :
this is bull****, i had to buy back the shares at .0059 that i shorted on friday. Right now i have no paiv shares showing in my account and my account is negative balance ... just ****ed up brokers dont want to take any blame as to what hppnd. any help guys?
Posted by Johnwayne on :
Thanks Repo... not gonna get carried away, gonna try to get a little bit in at the open, then buy a little more when the gap fills.
Posted by 4Tune4Me on :
PPS moving in pre-market...*.008
Posted by Repoman75 on :
Fuzzy, you're f$cked basically. You can try the SEC and legal action but... in the short term, you screwed. Be thankful you bought back at that price.
Posted by gnulnx on :
Fuzzy: Call your broker.
I don't know if this pertains to your situation or not, but we all, meaning the capital markets need to get back to investing in companies as opposed to trying to make money off others mistakes. It sounds like this time the game was played against you.
I have been on the sidelines watching this and I am pretty sure that a lot of investors/flippers are going to loose their a$$. It's pretty sad actually...makes you wonder if it was all planned?
Posted by Johnwayne on :
GNULNX- How will they lose their ARS?
Posted by Repoman75 on :
Lose their ass? If I had brass balls, I should have bought at .001 ... had 10K cleared and ready... would be up what, 100K or more now?
You need balls of steel to play this game.. and win.
Posted by Stockeyes22 on :
9 minutes till market opens!
Here is our big day fellas
GLTA
Posted by gnulnx on :
JohnWayne. The ones that have to cover their short positions will loose. Others will win. It just kinda makes me sad that some people will loose all their money to others in a brokerage mistake. This isn't what the capital markets were designed for...it is a problem that needs to be addressed soon IMHO.
In the meantime welcome to the pink sheets I guess.
Posted by Johnwayne on :
How can all these other guys get filled at .0073 and I can't get filled at .009?
Posted by PCola77 on :
This is the big problem tha I have with the whole thing. People always say "Never invest in penny stocks with money that you can't afford to lose." No one ever says "Never invest in penny stocks at all, because you have the potential to lose 10-20x your money because you accidentally shorted a stock."
quote:Originally posted by gnulnx: JohnWayne. The ones that have to cover their short positions will loose. Others will win. It just kinda makes me sad that some people will loose all their money to others in a brokerage mistake. This isn't what the capital markets were designed for...it is a problem that needs to be addressed soon IMHO.
In the meantime welcome to the pink sheets I guess.
Posted by Fuzzy1018 on :
i talked to my broker, he said they're still in meetings about it and will let me know more as soon as they know whats going to happen. but for now they took all my buying power from my account and on top of that i have a big negative amount showing Posted by Repoman75 on :
Just remember.. if Ameritrade has the MM's working on their side today, it will come down hard some time today. Has to be today. If that happens, watch for huge block trades to show up from TDCM. If THAT happens, buy. Buy all that you can.
Why? That means Ameritrade is covering in anticipation of breaking trades.
Posted by gnulnx on :
PCola. Well said. This crap has to stop. Now we get to sit here and watch others try to force even more from the victims out of pure greed. American Capitalism at it's finest!
Posted by Repoman75 on :
PAIV just posted financials.. they are profitable??????????
scottrade just told me that the shares are restricted and I will not be able to sell my JPHC shares that have become PAIV!!! What is up? Any Scottrade folks have other info?
Thanks....
Posted by Repoman75 on :
Art, the shares ARE restricted. End of story.
Posted by tmanfromtexas on :
GNUL, If the share holders that received restricted shares had not sold, there wouldnt be a problem today. TMAN...
Posted by PCola77 on :
Where have you been man? The shares are restricted, that's what caused this whole mess in th first place. Ameritrade let people sell tham ,and they shouldn't have, now they have to buy them back.
quote:Originally posted by ARTTEACHER: scottrade just told me that the shares are restricted and I will not be able to sell my JPHC shares that have become PAIV!!! What is up? Any Scottrade folks have other info?
Thanks....
Posted by Stockeyes22 on :
Everyone hold your shares!!!! Do not sell! Here comes the money! Hold Strong just like yesterday!
Posted by NomarKash on :
a penny and counting, lets go for two.
Posted by Stockeyes22 on :
hold strong! sweet!!!!! .011
Posted by CRab on :
lol...the bid keeps catching the ask, lol...
Posted by Stockeyes22 on :
.012!!!!!
Posted by no_patience on :
Hey,
Why does it move so slow under these circumstances.
Posted by madOIL on :
l2s for everyone this morning
bid 1 - .0115 3 - .011 1 - .0109 1 - .01
ask 2 - .012 3 - .013 1 - .0138 3 - .014
Posted by madOIL on :
could see better day than yesterday today L2s shaping nicely to see a good increse
Posted by tmanfromtexas on :
Does anyone have the share count that was sold the day the paiv shares were issued to shareholders? TMAN...
Posted by Johnwayne on :
Repo- I do not have Level 2 that shows who is buying. Can you let the board know if TDCM shows up?
Also, I am with Scottrade and I bought today so I have no restrictions right?
Posted by madOIL on :
tons and tons of buys at .011 this morning looks like a lot of mirror trading too!!!
Posted by ARTTEACHER on :
quote:Originally posted by PCola77: Where have you been man? The shares are restricted, that's what caused this whole mess in th first place. Ameritrade let people sell tham ,and they shouldn't have, now they have to buy them back.
quote:Originally posted by ARTTEACHER: scottrade just told me that the shares are restricted and I will not be able to sell my JPHC shares that have become PAIV!!! What is up? Any Scottrade folks have other info?
I have been dealing with 120 seniors with 4 days of school left bro and trying to keep my liver from not exploding due the alcohol requirements that keep me sane......have not had the time to be keeping up with this one...only have a million shares of JPHC...oh well...realized loss...move on
thanks for the info...
Thanks....
Posted by Repoman75 on :
MM's pushing it down now... no sign of TDCM.
Posted by 4Tune4Me on :
Don't see TDCM bid or ask on the front page.
Posted by madmoney on :
TDCM is on the bid at .005 and on the ask at .10
Posted by Repoman75 on :
Coming down.. keep watching.... .005 may be the magic number.
Posted by tmanfromtexas on :
falling like a turd in a well. lol. I got shook out yesterday, I wont be today. TMAN...
Posted by madOIL on :
MIRROR TRADING IT DOWN!!!!
Posted by PCola77 on :
LOL, sorry, was just giving you a hard time. And I wouldn't say it's a loss, just a required 1 year (or more) hold. Never know what could happen in the next 12 months.
quote:Originally posted by ARTTEACHER:
quote:Originally posted by PCola77: Where have you been man? The shares are restricted, that's what caused this whole mess in th first place. Ameritrade let people sell tham ,and they shouldn't have, now they have to buy them back.
quote:Originally posted by ARTTEACHER: scottrade just told me that the shares are restricted and I will not be able to sell my JPHC shares that have become PAIV!!! What is up? Any Scottrade folks have other info?
I have been dealing with 120 seniors with 4 days of school left bro and trying to keep my liver from not exploding due the alcohol requirements that keep me sane......have not had the time to be keeping up with this one...only have a million shares of JPHC...oh well...realized loss...move on
thanks for the info...
Thanks....
Posted by cottonjim on :
Like a turd in a well, interesting analogy. We are all familiar with how fast a turd falls down a well of course Posted by Repoman75 on :
Everyone have their buy orders in? We just need the signal.... Ameritrade on the phone now with NITE... in conjunction with their own capital markets team (TDCM), they are pushing it down...
Posted by 4Tune4Me on :
Don't sell.
Posted by Johnwayne on :
So this will drop down to .005? I will have a heart attack waiting for that since I bought in at .0086. I only have one round trip for the day. Thinking if it gets down that low I will simply average down and buy at .005, putting my average around .0067. Than I can use my round trip to pull out entirely at the end of the day, if need be.
Posted by Stockeyes22 on :
hold strong guys!!!! dont give the mms your money Posted by th0th on :
The gap has filled.
Posted by Tmoney on :
do you think it will run again like yesterday, i've got to leave for the day and can't watch it, any suggestions on closing price
Posted by Repoman75 on :
If Ameritrade, in conjunctin with NITE and TDCM, can't push this down to reasonable prices, they will burn the investors.
Looks like that is happening now with ARCA on the bid...
Posted by 4Tune4Me on :
They can't hold it...it's moving on up..
Posted by Stockeyes22 on :
Here comes the run again
Posted by PCola77 on :
I'd say you have some guts if you leave any substantial amoutn of money in this and walk away for the rest of the day. There are way too many possible outcomes. If you're willing to take a small chance taht you could lose most of your money for the chance of a big payday, then good luck to you. I'm afraid to walk away from my computer for 2 minutes at a time!
quote:Originally posted by Tmoney: do you think it will run again like yesterday, i've got to leave for the day and can't watch it, any suggestions on closing price
Posted by Hannibull on :
amazing!
anyone using ameritrade have their JPHC shares converted back into PAIV? Mine are still showing JPHC 0.0002
Posted by Johnwayne on :
Same here Pcola.
Posted by no_patience on :
Wild Ride !!!
I can not tell for sure what is happening. I do not see patterns, anyone else?
Posted by th0th on :
quote:Originally posted by no_patience: Wild Ride !!!
I can not tell for sure what is happening. I do not see patterns, anyone else?
It's too volatile right now.
Posted by MB on :
I see ARCA trying like hell to get shares...comes on ask to lower then big bid to scoop up shares..then repeat...
Posted by AshyToClassy on :
NITE and ARCA not letting it go..LOL
Ameritrade really throwing some goddam dough under the table to these guys, but they'll never admit it
Posted by 4Tune4Me on :
ARCA had buys 9999 *.0093 and pps was still coming down?
Posted by 4Tune4Me on :
So you think the SEC is watching, too.
Posted by pharaohno1 on :
Ameritrade is really pissing me off. I can't believe what they are doing to people who sold this stock before they restricted the shares. They are having so many problems with this stock. I am on the phone with them because it shows that I have a margin call of $1 million. I know it's a mistake, but I don't have a million dollars to cover! Ameritrade messed this one up really bad.
Posted by no_patience on :
I see that the Active Counters show PAIV having 1200 trades so far today. That comes in at #1
Will have everyones attention.
Posted by rv on :
So what do u say Pharaohno1. will we be responisible for this. I will be broke
Posted by no_patience on :
quote:Originally posted by pharaohno1: Ameritrade is really pissing me off. I can't believe what they are doing to people who sold this stock before they restricted the shares. They are having so many problems with this stock. I am on the phone with them because it shows that I have a margin call of $1 million. I know it's a mistake, but I don't have a million dollars to cover! Ameritrade messed this one up really bad.
Posted by no_patience on :
quote:Originally posted by no_patience: Oops. Sorry bout that. Is that $1M on this stock? You can only breake even ifn this goes to .0000 ?
quote:Originally posted by pharaohno1: Ameritrade is really pissing me off. I can't believe what they are doing to people who sold this stock before they restricted the shares. They are having so many problems with this stock. I am on the phone with them because it shows that I have a margin call of $1 million. I know it's a mistake, but I don't have a million dollars to cover! Ameritrade messed this one up really bad.
Posted by Fuzzy1018 on :
RV & Pharaohno, i think they'll hold us to be responsible and as a result we'll all be bankrupt
Posted by 4Tune4Me on :
NITE lowering the ask.
Posted by tonicma on :
NICE, I sold for Another almost double today.
Now I hold half of my original free shares.
This si going to blow up VERY soon
Posted by 4Tune4Me on :
Yeah, once they take their thumb off it'll move.
Posted by TimLV on :
This will follow yesterdays pattern if you ask me. Big run in morning, small dip, run at lunch, small dip, huge EOD run.
Posted by Fuzzy1018 on :
great news for IPRE, if anyone made good profits here catch that one now for the ride
Posted by pharaohno1 on :
No, I don't think so. As a clearing house they are responsible because many people are in the same boat. It's their fault for allowing us to sell the stock when it should have been restricted. They should have not allowed the trade in the first place. From what I got yesterday, it seems like they are going to cover the trades.
Posted by PCola77 on :
Anyone talk to Ameritrade today?
Just wondering if they've updated anyone on the progress.
Posted by Sith Trader on :
this thread is proof that this board is swarming with mms that naked short stocks
Posted by Johnwayne on :
PCOLA- Is this ripe for another run or is it going to sit in this range all day?
Posted by 4Tune4Me on :
Pattern of 5,000 trades...is this a signal..usually at .0092.
Posted by traderofcents on :
PCola, Yes, I talked to Ameritrade this moning, no new developments there(1-800-454-9272)
Posted by madmoney on :
if MM`s are buying back shares and forcing shorts who sold to cover by depositing those shares into thier accounts then this whole house of cards could come down any second, then it will be trading on it`s own momentem and will slowly fall back into the teens. remember there could only have been so many shares shorted, not everyone was foolish enough to sell their restricted shares.
Posted by alwaysup on :
PAIV Skyrockets 310% Tuesday on "Phantom" Merger Shares. May 24, 2006 1:00 AM EST
(By InfinitiStocks.com) There is a developing controversy in the OTC over hundreds of millions of newly issued PAIV shares (Paivis, Corp: OTCBB: PAIV) that were recently sold by their recipients. Apparently, shares of unknown origin were delivered as part of a merger/tender offer to former JPHC shareholders who held accounts with online broker Ameritrade. But where did these shares come from? On Monday, the Company released news which confirms both Paivis and the DTC have not yet allocated any Merger Shares to JPHC shareholders. "The Merger Shares are currently in the process of being issued by the Company and therefore as of the time of this press release have not been allocated to the Jupiter shareholders of record." The Paivis press release goes on to state, "Merger Shares have not been physically received by Depository Trust Company." Per the terms of the merger Paivis clearly stated, "These Merger Shares to be received by the Jupiter Shareholders are restricted securities as defined by Rule 144."
Nonetheless, alleged merger shares that (according to Ameritrade) did not bear the restricted legend began appearing in JPHC shareholders' Ameritrade accounts late last week. Widespread selling of these shares caused PAIV to tumble 90% to $0.0011 last Friday, on volume of 645 million shares. The stock rebounded a bit Monday, reaching a high of $0.0027 on heavy volume of 920 million shares. Following the news from Paivis, during Tuesday's session PAIV rallied and closed at $0.0073, up 247.62% from Monday's close on volume of just over 760 million shares. Speculation and initial statements from Ameritrade indicate that whatever "phantom" shares were sold will have to be covered in the open market. However, depending on the sources we've checked, there appears to be only 25 and 36 million free trading PAIV shares outstanding.
The question is, who will be required to buy these shares back? According to Ameritrade last week, the new shares did not bear the restricted legend, and thus were eligible for trade. Ameritrade customer correspondence states, "These new shares were to be restricted. However, Ameritrade allowed clients to trade the security unrestricted on Friday 5/19/2006 and Monday 5/22/2006." The correspondence also reads, "Former holders of Jupiter Global Holding who have sold PAIV will have a short position that may need to be bought back."
In our opinion, this statement raises serious questions concerning proper liability. Investors who contacted AT last week were informed via telephone and email that their new shares of PAIV were unrestricted and freely tradable. Word from Paivis is that it is the brokers who are at fault: these shares should not have been allowed to trade. To date, InfinitiStocks.com has not been able to obtain first hand confirmation from Ameritrade regarding the situation.
At 8:30AM Tuesday, Ameritrade ceased all trading of PAIV by its customers. Buying and selling resumed at AT just after 12PM, as PAIV rallied to a day high of $0.0087 on over 550 million shares traded. Ameritrade has indicated that trading on PAIV will again be suspended for their customers on Wednesday, until the situation and available options can be further explored. Meanwhile, it's trading as usual at other online brokerage firms including Charles Shwab, Scottrade, and others, none of whom appear to have yet issued JPHC merger shares to their own customers.
InfinitiStocks will report new developments as they occur. Retail investors with written correspondence from their brokers that helps explain this unusual situation are invited to forward it to us at: team-infiniti*infinitistocks.com.
Seems like everyone is talking about the short position they have now. I am on the same boat. But can anyone tell me what happens when the shares of JPHC has been reorg? Wont we receive our shares back with a profit since PAIV has sky-rocketed? Arent we hedged? I mean, if we werent suppose to sell because we didnt have the sahres yet, then when we have it, wont it cover the short we made? ANyone?
Posted by rocktrader on :
Guys get into RDYF...huge news and 52 week high is $100...
going to break the HOD now...
Rudy 45 Acquires Early Detect Marketing Wednesday May 24, 7:51 am ET Revenues to be Approximately $35-40 Million
SANTA MONICA, Calif., May 24, 2006 (PRIMEZONE) -- RUDY 45 (Other OTC:RDYF.PK - News) announces that it has entered into a new LOI effective April 30, 2006, to acquire EDI Marketing (EDIM), a wholly owned subsidiary of Early Detect Incorporated (EDI). EDIM will receive an assignment from EDI of all sales and marketing contracts with respect to EDI's integrated line of in-home self-testing healthcare diagnostic products. These contracts are estimated to result in revenues of $35-$40 million dollars. About EDI Marketing
Headquartered in Costa Mesa, California, Early Detect Incorporated employs 26 people in 4 different locations in Southern California, Phoenix, and Dallas. EDI Marketing distributes their products to some of the most nationally known companies in the U.S. They distribute nationally to CVS Corp (NYSE:CVS - News) and regionally to Costco Wholesale Corporation (NasdaqNM:COST - News). In addition, they also sell to major chains in Canada. EDI holds all patents on most of their products and either manufactures them directly or uses independent labs.
Thanks for that post Alwaysup. Appears short squeeze still in play!
Posted by AshyToClassy on :
quote:Originally posted by Sith Trader: this thread is proof that this board is swarming with mms that naked short stocks
You got that right. Believe you me each and everyone of them have an Alias on this Board, and we don't have a clue who they are. They talk one **** and have the finger on the other button doing the complete opposite.
They're like the Goddam Neccessary EVil
Posted by 4Tune4Me on :
Has anyone with Ameritrade tried to sell today?
Posted by Johnwayne on :
Ok guys I'm officially down a little here. When is this short squeeze gonna move the PPS up?
Posted by 4Tune4Me on :
We opened higher than this today.
Posted by Repoman75 on :
Not going to happen I think... Ameritrade is stalling. I think they will let today pass, and break the trades to investors, and then cover the short positions down the road..
Posted by pharaohno1 on :
I just got off the phone with Ameritrade. They said that they are still talking to the company and that they were not the only brokerage firm that did not receive notice that the shares were restricted. From the posting on the last page, it seems like the liability would be on the brokerage firm, but I highly doubt it and there might be some litigation on this matter on who's responsible for the mess up. I do not believe that Ameritrade would tell its customers that they have to buy back the stock at its current price. This would cause huge litigations and problems and they would not want that to happen.
Personally, the PAIV is dumb. If they weren't clear on the shares and with these vague PRs and filed correctly with the SEC, they would not be in this mess. I hope they take responsibility and get this over with.
Posted by AshyToClassy on :
For those who shorted, watch the L2's they're puttin a short squeeze on us here, so pray this tanks some more for your sake. Whoever flipped this this morning you did good.
It's downwards from here
Posted by TimLV on :
The chart from yesterday looks almost the same as the way things are going today. If it continues, expect a nice run up around 11:30-12.
Posted by PCola77 on :
No, and here's why. You're shares were supposed to be restircted for a year, meaning you can't sell them until next year. You would only be okay if the JPHC shares converted immediately to tradable stock. Basically you can't sell your shares now and promise to give them to the person next year when they come off of restriction.
quote:Originally posted by diablo: Seems like everyone is talking about the short position they have now. I am on the same boat. But can anyone tell me what happens when the shares of JPHC has been reorg? Wont we receive our shares back with a profit since PAIV has sky-rocketed? Arent we hedged? I mean, if we werent suppose to sell because we didnt have the sahres yet, then when we have it, wont it cover the short we made? ANyone?
Posted by Fuzzy1018 on :
i had to buyback at .0059, so if this thing tanks lets say go below that. then i'll be in worst conditions then i'm in now right?
Posted by PCola77 on :
Sorry, was away from the board for a bit. Anyway, it obviously dropped more since you posted but looks like it's coming back now.
I have NO IDEA what to expect. It seems like it would HAVE to go higher if a sort squeeze is in play, and I have no clue how they could get around a squeeze. But if they find a way, this thing will tank like crazy.
This is definitely uncharted water.
quote:Originally posted by Johnwayne: PCOLA- Is this ripe for another run or is it going to sit in this range all day?
Posted by TimLV on :
This stock is a HUGE gamble. No way around it. If played right, it can make you a ton of money, but at ANY moment news can come out and it will tank. It is however a risk I am taking but I am aware of the potential for loss here. If you don't mind the risk, I think it's worth the play.
Posted by tonicma on :
What you saw is the Shake, I bought more at the low.
Now we go up up and up.
Posted by tonicma on :
up 20% already. Go Go go, back up to 1
Posted by alwaysup on :
I spoke to E Trade a few mins ago. The exchange rate for shares held at EOD on May 10 is already established at a rate of 1 jphc share to .46232 paiv share. We will benefit from any profit made by paiv. There is no word concerning shares purchesed after EOD May 10. Even if it takes a year to payout, I stand to make a LOT of $ on this baby!! Posted by tonicma on :
Bid Ask Gap ONLY ONE Thing
MM Desparate to control Buys and upward momentum.
Well I am buying more right now.
Posted by alwaysup on :
As long as it is above .0002 on May 24, 2007, I'm happy.
Posted by th0th on :
OT: Someone sent me this which, hopefully, put a little laughter in some of you.
Warning: lot's of cussing so don't watch it if you are easily offended.
quote:Originally posted by tonicma: up 20% already. Go Go go, back up to 1
Tonic you merciless SOB, a man after my own heart, I like you bro, LOL Posted by PCola77 on :
No. Basically as far as you're concerned you are completely out of PAIV. You now have your restricted shares that you can't trade for a year. The price of PAIV form here on out is meaningless to you until next year.
quote:Originally posted by Fuzzy1018: i had to buyback at .0059, so if this thing tanks lets say go below that. then i'll be in worst conditions then i'm in now right?
Posted by j_mania on :
posted on iHub:
Posted by: rookytrader In reply to: kermit4karate who wrote msg# 2061 Date:5/24/2006 11:18:57 AM Post #of 2121
I just talked to PAIV IR i asked if they been contacted by the NASD/SEC/AMTD......haven't been contacted by SEC or AMTD but talked briefly with NASD, basically said its what has been said all along that its up to amtd/and their acct holders to fix this mess.......
Posted by Fuzzy1018 on :
thanks Pcola
Posted by pharaohno1 on :
j_mania, I really don't think so because if PAIV was clear all along, no one would be in this mess.
Posted by j_mania on :
quote:Originally posted by pharaohno1: j_mania, I really don't think so because if PAIV was clear all along, no one would be in this mess.
"clear all along"? Paiv has been clear, from the start! From the announcement of the merger finalization to yesterday's PR: the JPHC conversion shares are restricted and the TA has yet to issue the DTC any certificates. What aren't you clear on?
Posted by dkinvest on :
Well, I'm out....530% gainer for me....Thanks PAIV...on to the next one.
GLTA
Posted by madmoney on :
volume is slowing down, price is stalling, excitement is dropping. the short covering may be over, this may be trading on it`s own now. ARCA is on the bid side at .0065 with alot of shares!
Posted by Hustla on :
quote:Originally posted by madmoney: volume is slowing down, price is stalling, excitement is dropping. the short covering may be over, this may be trading on it`s own now. ARCA is on the bid side at .0065 with alot of shares!
I'm out too with 300% profit since yesterday. Not waiting for it to go down that low to get hosed. GLTA
and my condolences to those who unknowingly shorted
Posted by PCola77 on :
Here's my guess on what's going on. People are startiung to be happy with their profits and selling their position. I think that's going to be a good thing for almost everyone involved. (Well, relatively speaking) Because this really had (and I guess still has) the potential to break into the stratusphere, millions upon millions of dollars were at stake here, whether it comes from the pockets of AMeritrade or the investors, the fact that the price has basically stopped moving is probably good for everyone but the peole that bought at the top today.
Hopefully the fact that Ameritrade can now potentially cover at "only" 5-10x what the shares were "shorted" at and not the potentially multi-thousand% losses would lead me to believe that they MAY be willing to do the covering, without totally breaking their business or bankrupting hundreds of investors.
Good luck to everyone involved in any way.
Posted by AshyToClassy on :
Hey I told all short sellers this morning to pray that it dips...I guess their prayers are being answered now...
I like profit like the next guy, but man I don't like to see people suffer like this. Coulda been my money and mortgage etc on the line
Posted by PCola77 on :
yeah, that's what I've been trying to say, it's hard to think about when the price is going up like crazy, but there's a flip side to it of people taht you're intentionally screwing over. Granted you as an individual can't really "save" anyone, but maybe, just maybe, enough people realized they don't want to be TOO greedy, and this may play out okay for the indiviual investors that accidentally shorted the stock.
quote:Originally posted by AshyToClassy: Hey I told all short sellers this morning to pray that it dips...I guess their prayers are being answered now...
I like profit like the next guy, but man I don't like to see people suffer like this. Coulda been my money and mortgage etc on the line
Posted by j_mania on :
the dog has barked: By: dogcatcher17 24 May 2006, 12:07 PM EDT Msg. 54395 of 54400 (This msg. is a reply to 53855 by zbnoko.) Jump to msg. # JPHC/PAIV: What we are hearing is that the SEC and the NASD will force the brokerage firms to buy back everything that was sold; since the Stock that was sold was unregistered securities. We are hearing that at least 3 billion Shares were in the system. Those Shares will have to be covered. We are also hearing that the Stock still has plenty of room for a gigantic move in my opinion. So let's just sit back and see what happens. Good luck to all. - - - - -
Posted by PCola77 on :
He may be right, but I lost about $10 grand last time I listened to his bark I think I'll sit this one out from here on out.
quote:Originally posted by j_mania: the dog has barked: By: dogcatcher17 24 May 2006, 12:07 PM EDT Msg. 54395 of 54400 (This msg. is a reply to 53855 by zbnoko.) Jump to msg. # JPHC/PAIV: What we are hearing is that the SEC and the NASD will force the brokerage firms to buy back everything that was sold; since the Stock that was sold was unregistered securities. We are hearing that at least 3 billion Shares were in the system. Those Shares will have to be covered. We are also hearing that the Stock still has plenty of room for a gigantic move in my opinion. So let's just sit back and see what happens. Good luck to all. - - - - -
Posted by AshyToClassy on :
quote:Originally posted by j_mania: the dog has barked: By: dogcatcher17 24 May 2006, 12:07 PM EDT Msg. 54395 of 54400 (This msg. is a reply to 53855 by zbnoko.) Jump to msg. # JPHC/PAIV: What we are hearing is that the SEC and the NASD will force the brokerage firms to buy back everything that was sold; since the Stock that was sold was unregistered securities. We are hearing that at least 3 billion Shares were in the system. Those Shares will have to be covered. We are also hearing that the Stock still has plenty of room for a gigantic move in my opinion. So let's just sit back and see what happens. Good luck to all. - - - - -
If thats true, its huge light at the end of the tunnel for the investors if the brokerages have to buy back from their own pockets.
Also this means the MM's might just push this sucker past pluto since forced buybacks are guaranteed. Holy Sh*t. Better Ameritrade step up to the plate and stop screwing the investors
Posted by Hustla on :
wow that took now time at all, I guess the MM's got wind of that news about the buybacks....
I can't get back in, whatever I banked this morning won't clear for another 3 days....LOL
can't be greedy though. Whoever wants to get in nows the time...
Posted by Hustla on :
Thar she blows folks!!!
Posted by PCola77 on :
Assuming what he said is true, it's hardly a light at the end of the tunnel. It says the brokerages have to buy the shares back that they sold, but it doesn't say they can't force the investor to pay the difference.
quote:Originally posted by AshyToClassy:
quote:Originally posted by j_mania: the dog has barked: By: dogcatcher17 24 May 2006, 12:07 PM EDT Msg. 54395 of 54400 (This msg. is a reply to 53855 by zbnoko.) Jump to msg. # JPHC/PAIV: What we are hearing is that the SEC and the NASD will force the brokerage firms to buy back everything that was sold; since the Stock that was sold was unregistered securities. We are hearing that at least 3 billion Shares were in the system. Those Shares will have to be covered. We are also hearing that the Stock still has plenty of room for a gigantic move in my opinion. So let's just sit back and see what happens. Good luck to all. - - - - -
If thats true, its huge light at the end of the tunnel for the investors if the brokerages have to buy back from their own pockets.
Also this means the MM's might just push this sucker past pluto since forced buybacks are guaranteed. Holy Sh*t. Better Ameritrade step up to the plate and stop screwing the investors
Posted by j_mania on :
Can I get an L2 update? What's the ask, who's on it, and what's the size?
Posted by wallymac on :
quote:Originally posted by j_mania: the dog has barked: By: dogcatcher17 24 May 2006, 12:07 PM EDT Msg. 54395 of 54400 (This msg. is a reply to 53855 by zbnoko.) Jump to msg. # JPHC/PAIV: What we are hearing is that the SEC and the NASD will force the brokerage firms to buy back everything that was sold; since the Stock that was sold was unregistered securities. We are hearing that at least 3 billion Shares were in the system. Those Shares will have to be covered. We are also hearing that the Stock still has plenty of room for a gigantic move in my opinion. So let's just sit back and see what happens. Good luck to all. - - - - -
If this is correct. It's impossible for all the short positions to be covered. According to the posts I have read there are only 56M tradable shares. If someone is buying to cover they then must hold and not resell those shares. That would mean that the entire float will have to be held. If that occurs, then there will be no shares available to be traded and no way possible for the entire short position to be covered.
In a normal short position once you purchase to cover you can then resell. It's fluid. In this case it's not. because those shares must be held. They are covering restricted shares.
If this isn't the case then can someone explain how over a billion share can be covered by 56M shares in the float?
Posted by Johnwayne on :
Needs to break .01 here. Than it should move to HOD. Whatever happens I have learned a hel of alot playing this stock today. All of your posts have been very informative. Thanks for teaching us newbies.
Posted by traderofcents on :
I've been saying this from post one on this thread PCola! GLTA!
Posted by traderofcents on :
I've been talking to IR at PAIV There is only 28 Million Approx.
Posted by madOIL on :
L2s
bid 4 - .009 2 - .0086 2 - .0081 5 - .008
ask 2 - .0095 1 - .0096 2 - .0098 2 - .0099
Posted by PCola77 on :
Wally, it's not impossible. Think about it this way:
Say there are 156 million shares on the market right now and there's only supposed to be 56 million.
Brokers will have to buy the 100 million shares at market value and then mark them as restricted, and put them back in the account of the person who sold them.
The only way it would be "impossible" is if more than 56million shares worth of investors flat out refuse to sell. Right?
Am I missing something?
quote:Originally posted by wallymac:
quote:Originally posted by j_mania: the dog has barked: By: dogcatcher17 24 May 2006, 12:07 PM EDT Msg. 54395 of 54400 (This msg. is a reply to 53855 by zbnoko.) Jump to msg. # JPHC/PAIV: What we are hearing is that the SEC and the NASD will force the brokerage firms to buy back everything that was sold; since the Stock that was sold was unregistered securities. We are hearing that at least 3 billion Shares were in the system. Those Shares will have to be covered. We are also hearing that the Stock still has plenty of room for a gigantic move in my opinion. So let's just sit back and see what happens. Good luck to all. - - - - -
If this is correct. It's impossible for all the short positions to be covered. According to the posts I have read there are only 56M tradable shares. If someone is buying to cover they then must hold and not resell those shares. That would mean that the entire float will have to be held. If that occurs, then there will be no shares available to be traded and no way possible for the entire short position to be covered.
In a normal short position once you purchase to cover you can then resell. It's fluid. In this case it's not. because those shares must be held. They are covering restricted shares.
If this isn't the case then can someone explain how over a billion share can be covered by 56M shares in the float?
Posted by traderofcents on :
28 million on the float which are tradeable Posted by Repoman75 on :
No, you are correct PCola.. unless MM's are holding inventory that they would be willing to part with.
Posted by j_mania on :
thanks, mad
Posted by wallymac on :
quote:Originally posted by traderofcents: I've been talking to IR at PAIV There is only 28 Million Approx.
If that's correct then the float has already turned more than 10 times today alone.
Posted by PCola77 on :
The float is SUPPOSED to be 28 million. Right now the actual float is somewhere significantly higehr than that. Those shares all need to be purchased and "retired' just like a normal stock buy-back. When all is said and done there needs to be 56 million shares total, insiders + float.
quote:Originally posted by wallymac:
quote:Originally posted by traderofcents: I've been talking to IR at PAIV There is only 28 Million Approx.
If that's correct then the float has already turned more than 10 times today alone.
Posted by tmanfromtexas on :
Wally, TD/A and other companies put ghost shares into their clients accounts. Those ghost shares have to be reconciled. The 56 million shares dont play into this because they were free trading to begin with. The ghost shares are not. They were to be restricted and not allowed to be traded. The only way I see this being resolved is for paiv (not blaming them) to do a forward split of non restricted shares like 2/1 or 3/2. Something small. That will require all shares to be reconciled. That should make all other shares that shouldnt be there go away. just my opinion. TMAN...
Posted by wallymac on :
quote:Originally posted by tmanfromtexas: Wally, TD/A and other companies put ghost shares into their clients accounts. Those ghost shares have to be reconciled. The 56 million shares dont play into this because they were free trading to begin with. The ghost shares are not. They were to be restricted and not allowed to be traded. The only way I see this being resolved is for paiv (not blaming them) to do a forward split of non restricted shares like 2/1 or 3/2. Something small. That will require all shares to be reconciled. That should make all other shares that shouldnt be there go away. just my opinion. TMAN...
Exactly. This cannot be resolved without there being more shares made available to cover.
Posted by PCola77 on :
What am I missing? Why can't all the "ghost" shares be repurchased? Or are you going on the assumption that more than 56million shares are not "for sale"?
quote:Originally posted by wallymac:
quote:Originally posted by tmanfromtexas: Wally, TD/A and other companies put ghost shares into their clients accounts. Those ghost shares have to be reconciled. The 56 million shares dont play into this because they were free trading to begin with. The ghost shares are not. They were to be restricted and not allowed to be traded. The only way I see this being resolved is for paiv (not blaming them) to do a forward split of non restricted shares like 2/1 or 3/2. Something small. That will require all shares to be reconciled. That should make all other shares that shouldnt be there go away. just my opinion. TMAN...
Exactly. This cannot be resolved without there being more shares made available to cover.
Posted by tmanfromtexas on :
I didnt realize this at first but this is a fully reporting company. I mean its on the bb. With only 28m and Macro being their flagship this actually may be something to hold for 6/8 months. Makes you go Hmmmm. TMAN...
Posted by Hustla on :
quote:Originally posted by tmanfromtexas: I didnt realize this at first but this is a fully reporting company. I mean its on the bb. With only 28m and Macro being their flagship this actually may be something to hold for 6/8 months. Makes you go Hmmmm. TMAN...
I like the way you dream TMAN, all the way to dollar land huh? LOL
Posted by madmoney on :
how could a foward split help?. if you owned shares in your trading account during a foward split you would get the split, if there are 500 million " ghost " shares in the hands of investors then after a foward split of 2 for 1 there would be 1.5 billion ghost shares in the hands of investors! your broker cannot simply deleet your shares!. an F/S would only compound the problem!
Posted by wallymac on :
quote:Originally posted by PCola77: What am I missing? Why can't all the "ghost" shares be repurchased? Or are you going on the assumption that more than 56million shares are not "for sale"?
quote:Originally posted by wallymac:
quote:Originally posted by tmanfromtexas: Wally, TD/A and other companies put ghost shares into their clients accounts. Those ghost shares have to be reconciled. The 56 million shares dont play into this because they were free trading to begin with. The ghost shares are not. They were to be restricted and not allowed to be traded. The only way I see this being resolved is for paiv (not blaming them) to do a forward split of non restricted shares like 2/1 or 3/2. Something small. That will require all shares to be reconciled. That should make all other shares that shouldnt be there go away. just my opinion. TMAN...
Exactly. This cannot be resolved without there being more shares made available to cover.
Some form of accounting is going to have to take place in order to know how real shares vs ghost shares there are and who actually owns what. Otherwise Ghost shares will just keep going round and round.
Posted by tmanfromtexas on :
Pcola, you understand completely. The 56 mm doesnt have to be messed with today or next week for that matter. It is up to the houses that allowed the stock to be sold to either be forced to buy back or force their clients to buy back. They know how many damn shares they put out they know how much needs to be returned. What I am saying is if next week we are still seeing these huge share amounts being traded paiv should call the bluff and do a split to make all shares be accounted for. I am looking down the road if this doesnt clear up in the real near term. TMAN...
Posted by dkinvest on :
Well, I jumped back in....another 5 bagger potential, IMO
GLTA
Posted by tmanfromtexas on :
They may clear it up today. who knows, the bottom line is tda and others are going to have make things right or I think the SEC is going to investigate and its gonna get real ugly. real fast. TMAN...
Posted by wallymac on :
quote:Originally posted by madmoney: how could a foward split help?. if you owned shares in your trading account during a foward split you would get the split, if there are 500 million " ghost " shares in the hands of investors then after a foward split of 2 for 1 there would be 1.5 billion ghost shares in the hands of investors! your broker cannot simply deleet your shares!. an F/S would only compound the problem!
You're right. I just can't see how this will be resolved.
Posted by PCola77 on :
My point is that it doesn't matter WHICH shares are ghost shares. AMeritrade, etc have to buy back the # of shares that leaves 56million shares outstanding, ghost or otherwise. Is your pont just that we don't know how many ghost shares were sold or am I STILL missing something?
quote:Originally posted by wallymac:
quote:Originally posted by PCola77: What am I missing? Why can't all the "ghost" shares be repurchased? Or are you going on the assumption that more than 56million shares are not "for sale"?
quote:Originally posted by wallymac:
quote:Originally posted by tmanfromtexas: Wally, TD/A and other companies put ghost shares into their clients accounts. Those ghost shares have to be reconciled. The 56 million shares dont play into this because they were free trading to begin with. The ghost shares are not. They were to be restricted and not allowed to be traded. The only way I see this being resolved is for paiv (not blaming them) to do a forward split of non restricted shares like 2/1 or 3/2. Something small. That will require all shares to be reconciled. That should make all other shares that shouldnt be there go away. just my opinion. TMAN...
Exactly. This cannot be resolved without there being more shares made available to cover.
Some form of accounting is going to have to take place in order to know how real shares vs ghost shares there are and who actually owns what. Otherwise Ghost shares will just keep going round and round.
Posted by stocks1984 on :
I do not see why this cant go to .03 here very soon. Looks like its going to explode! jmho, im in.
Posted by Repoman75 on :
Do you realize how this is going to end?
Think... Ameritrade realizes the stock is not going back down soon... they are TALKING to PAIV and the SEC.
Guess what? SEC will force PAIV to unrestrict the shares, and therefore, everything will be fine.
Unrestriction coming soon IMO, and then dumping.
Posted by TheCreator on :
i don't see that happening.
quote:Originally posted by Repoman75: Do you realize how this is going to end?
Think... Ameritrade realizes the stock is not going back down soon... they are TALKING to PAIV and the SEC.
Guess what? SEC will force PAIV to unrestrict the shares, and therefore, everything will be fine.
Unrestriction coming soon IMO, and then dumping.
Posted by tmanfromtexas on :
Pcola, I believe tda and other houses know exactly how many shares were put out. I think they will be made to buy back those shares and then restrict them. My only point regarding the f/s is IF this volume continues into next week that tells us that they havent reconciled their accounts. This means that paiv who wants everything to be fixed, may want to consider doing a split so that only the original 56 million shares are eligible. Wally may be very correct in saying the ghost shares could be included. I am only guesstimating here since like most everyone else I have never been down this funky ass road before.
Posted by Repoman75 on :
Creator, why not?
Posted by TheCreator on :
Because the company did nothing wrong, this is Ameritrades **** up and the SEC will not cover for them. Ameritrade and or it's clients will be buying those shares.
quote:Originally posted by Repoman75: Creator, why not?
Posted by madmoney on :
quote:Originally posted by Repoman75: Do you realize how this is going to end?
Think... Ameritrade realizes the stock is not going back down soon... they are TALKING to PAIV and the SEC.
Guess what? SEC will force PAIV to unrestrict the shares, and therefore, everything will be fine.
Unrestriction coming soon IMO, and then dumping.
that would solve the problem. but unless JPHC made an error in thier filings witch allowed those shares to be sold it is unlikely "IMO" they could be forced to lift the restriction, the filing says they are resticted so it appears to me they are covered. the question is how many shares were sold short and when will covering be done.
Posted by tmanfromtexas on :
I doubt that is gonna happen Repo. I know you have alot of experience but Paiv is gonna tell TDA f*** you. you screwed up you fix it. If they dont there will be a class action suit that will bankrupt paiv. just my opinion. TMAN...
Posted by Johnwayne on :
Well one things for sure... EOD is going to be exciting. Not sure if it's going to tank or go on a run the last 1/2 hour, but it's gonna do something.
Posted by tmanfromtexas on :
HMMMM some huge sales going through. I wonder what the mm's plan to do with those shares. TMAN...
Posted by TheCreator on :
quote:Originally posted by tmanfromtexas: HMMMM some huge sales going through. I wonder what the mm's plan to do with those shares. TMAN...
resell them on the run starting now lol
Posted by Repoman75 on :
Ok, well, we'll see. Think the SEC cares more about Ameritrade and the investors, or some pink company?
Posted by j_mania on :
Mad, the DTC has yet to receive any fillings grom JPHC's transfer agent
Posted by TheCreator on :
the sec should care about 1 thing, the law... and only persons who broke any rules were ameritrade/people who sold.
the company did nothing wrong. they can't be held responsible.
quote:Originally posted by Repoman75: Ok, well, we'll see. Think the SEC cares more about Ameritrade and the investors, or some pink company?
Posted by madmoney on :
you can bet your azz that MM`s are selling short right now! they will buy to cover when the bottom drops out and we all know it will sooner or later, brokers who screwed up wont lose a penny on this. traders who sold short will probably take a real beating!
Posted by dkinvest on :
What I don't understand is, if they (TDA, MM's) have to recover 100's of millions of shares, and put them back in the restricted share seller's accounts, then why am I, along with other people able to buy shares?
There should be a drop in supply, which will jack the price up, IMO.
I really don't think that TDA is buying back these shares yet.
Posted by PennyBulletin on :
Ameritrade is going to feel pain from this no matter what happens.
Posted by madmoney on :
quote:Originally posted by dkinvest: What I don't understand is, if they (TDA, MM's) have to recover 100's of millions of shares, and put them back in the restricted share seller's accounts, then why am I, along with other people able to buy shares?
There should be a drop in supply, which will jack the price up, IMO.
I really don't think that TDA is buying back these shares yet.
this is up a thousand percent since monday!
Posted by th0th on :
Anyone see anything wrong with this math:
Potential 3 billion shares of PAIV in the market right now.
quote:Originally posted by tmanfromtexas: HMMMM some huge sales going through. I wonder what the mm's plan to do with those shares. TMAN...
resell them on the run starting now lol
LMAO!!!
Posted by dkinvest on :
I realize that, but if they are trying to recover these shares, and put them back as restricted shares, supply should dry up. I do not think this is happening as I am, along with other many other people still continue to buy.
MM's should be the only ones able to buy.
Posted by PCola77 on :
Exactly. Some people have made a ton of money off this, and are selling their positions with big profits. Those are the shares that are being bought. It's possible that people who got in today aren't going to sell their shares until anotehr significant run up, and if that's the case, you may see anotehr spike before all is said and done.
quote:Originally posted by madmoney:
quote:Originally posted by dkinvest: What I don't understand is, if they (TDA, MM's) have to recover 100's of millions of shares, and put them back in the restricted share seller's accounts, then why am I, along with other people able to buy shares?
There should be a drop in supply, which will jack the price up, IMO.
I really don't think that TDA is buying back these shares yet.
this is up a thousand percent since monday!
Posted by PCola77 on :
How could they be the only ones able to buy? If you put in an order to purchase at the ask, they can't just say "No, I want those shares, you can't have them"
quote:Originally posted by dkinvest: I realize that, but if they are trying to recover these shares, and put them back as restricted shares, supply should dry up. I do not think this is happening as I am, along with other many other people still continue to buy.
MM's should be the only ones able to buy.
Posted by madmoney on :
quote:Originally posted by th0th: Anyone see anything wrong with this math:
Potential 3 billion shares of PAIV in the market right now.
there is no way for us to know how many shares were sold short, that post about 3 billion cant be correct, this would have needed to trade well over 6 billion shares since friday and that is not the case.
Posted by Repoman75 on :
Thoth,
Forget that.
Think of it this way. If the float is 28 million, and PAIV was at .001, you're telling me if I put in a $28,000 order to buy, I would now own the entire float? No way. You can buy $3K share blocks easily right now. Wouldn't someone with a few hundred thousand dollars just buy the float up? Then they could ride this to whatever they wanted.
Something is not right with that float figure.
Posted by dkinvest on :
They sure as hell would do that if they are required to buy back 100's of millions of shares!
Posted by dkinvest on :
I guess no one understands my argument.
Posted by j_mania on :
another bark: By: dogcatcher17 24 May 2006, 01:37 PM EDT Msg. 54453 of 54454 Jump to msg. # JPHC/PAIV: Our source tells us there is only 20 million Shares that are Free Trading. No on will be able to make delivery of the sold Shares. This will cause a massive circle jerk of everyone having to try to buy the Stock. This stock should really really explode to the upside in my opinion. Best of luck to all. - - - - -
Posted by Repoman75 on :
Dogcatcher is a pumper.. he reloaded today. Remember, he dumped right before the merger news last time and screwed us all.. He'll dump again.
Don't trust his mutt azz.
Posted by j_mania on :
Repo, you maybe right. DC may have dumped before the merger, but he had (and I assume still has) an inside source.
Posted by Repoman75 on :
Trading halted? L2's all screwed up.
Posted by TheCreator on :
quote:Originally posted by Repoman75: Trading halted? L2's all screwed up.
no lol bid and ask are the same though.
Posted by th0th on :
I think because of how the market works, where shares can be borrowed and what not, when you buy 28 million shares, you own the entire float, along with everyone else who decided to buy 28 million shares. That is why there is a 3 day settlement period.
Let's say theres only 2 people in the world that is interested in buying this stock, and both wanted to buy the entire float. So both bought 28 million shares. This implies that someone shorted 28 million shares. If, before the 3 day settlement period, one of them decides to sell. After the 3 days, everything adds up (the first owner still owns the entire float, the second owner sold his shares, the short covered by the second owner that sold his shares).
But lets say both decided to hold. Well, the person that shorted the 28 million (someone had to short to allow the second person to buy another 28 million that really don't exist) will have to cover, jacking up the price to entice one of the two owners to sell, and allow everything to add up.
Now just scale that up.
quote:Originally posted by Repoman75: Thoth,
Forget that.
Think of it this way. If the float is 28 million, and PAIV was at .001, you're telling me if I put in a $28,000 order to buy, I would now own the entire float? No way. You can buy $3K share blocks easily right now. Wouldn't someone with a few hundred thousand dollars just buy the float up? Then they could ride this to whatever they wanted.
Something is not right with that float figure.
Posted by TheCreator on :
no trading still active
Posted by madmoney on :
quote:Originally posted by Repoman75: Trading halted? L2's all screwed up.
nope!!
Posted by Repoman75 on :
Has anyone contacted CNBC or the Journal about this?
Posted by ridethewave on :
This is going to hit 1 penny in next 5-10 minutes. JMHO
Posted by TheCreator on :
quote:Originally posted by Repoman75: Has anyone contacted CNBC or the Journal about this?
I am CNBC what would you like to report?
Posted by Repoman75 on :
Yeah right, and I'm Bill O'Reilly...
"What's the beef sir!"
Posted by TheCreator on :
Ludacris and his gansta rap of course.
quote:Originally posted by Repoman75: Yeah right, and I'm Bill O'Reilly...
"What's the beef sir!"
Posted by PCola77 on :
Would I get royalties for starting this thread?
quote:Originally posted by Repoman75: Has anyone contacted CNBC or the Journal about this?
Posted by TheCreator on :
YES your royalties are...
1,000 resticted paiv shares.
quote:Originally posted by PCola77: Would I get royalties for starting this thread?
quote:Originally posted by Repoman75: Has anyone contacted CNBC or the Journal about this?
Posted by PCola77 on :
Nooooooooooooooooooooooooooooooooo!
Oh wait, that I can deal with, I thought you said PAIM shares
quote:Originally posted by TheCreator: YES your royalties are...
1,000 resticted paiv shares.
quote:Originally posted by PCola77: Would I get royalties for starting this thread?
quote:Originally posted by Repoman75: Has anyone contacted CNBC or the Journal about this?
Posted by dkinvest on :
What say you, Repo? lol
Posted by Superbee383 on :
I called the SEC today (202-551-6551), and spoke to a gentleman who told me how/where to file a complaint. He did say there have been many complaints, which they're checking into. He DID laugh about my $2.3mill+ margin call.. grrrr. Anyway, I put the link below, but if it doesn't work for you, go to www.sec.gov/index.htm Then, under 'Investor Information, click on 'File a Tip or Complaint' Under Complaints, click on 'Online Forms' He said the best one to click on the following page is 'Problems with buy or sell orders'
You have an option to have a copy sent to your brokerage firm as you're filling this form out. I clicked on that so it gets forwarded to Ameritrade too. I've been calling Ameritrade today, and still not getting anywhere. Anyway, the link is below and should take you right to the correct form, but if not, follow the above instructions..
Posted by: rookytrader In reply to: None Date:5/24/2006 2:32:02 PM Post #of 2332
Here's what ameritrade doing to their clients...... Posted by Repoman75 on :
In all seriousness, this is what happens when you put trading into the hands of Average Joe Investor. I can guarantee no broker sold these so called restricted shares... only the average dope on the street who is greedy and trying to cut corners.... I know some of you snickered when you sold and said "Heehee, look at this, I can place a sell while everyone else is restricted... now I can buy that new muffler for my 82 Pinto".
Posted by tmanfromtexas on :
lol Repo. I havent seen one of those fireballs in a while. lol TMAN...
Posted by Repoman75 on :
OK, here's an update!!! I would sell now if you are in this for a profit... NO RESTRICTED SQUEEZE if this post is true. Ameritrade is eating the trades, which means they will be short millions of shares. HOWEVER, they have WEEKS, not hours or days, to cover. They'll wait for the hubbub to die and the price to drop and then quietly cover their positions. THIS IS YOUR WAKE UP CALL - SELL!
Ameritrade called me...
and i spoke with someone to explain my problem as my account showed a negitive $16,000.00 after I sold my position on friday. I was informed I should not have sold my shares as they were restricted. He listened to why I sold and said he/ameritrade was going to eat the cost of the error. He said he would credit my account the original shares I sold on friday as if the transaction never occured.
He said if i checked my account later in the day, I should see restricted shares of jphc in my account.
Posted by dkinvest on :
Who to believe - The Dog or Repo?
hhmmmmmmmmmmmmmm
Posted by Repoman75 on :
Well, that post is from RB if you want to verify.
However, never doubt my knowledge of how the brokerage industry works. THAT, you can take to the bank.
Posted by madmoney on :
quote:Originally posted by dkinvest: Who to believe - The Dog or Repo?
hhmmmmmmmmmmmmmm
call ameritrade and find out!
Posted by Repoman75 on :
Yeah, call AMTD. All you fools who have been on suicide watch for the last 2 days, AMTD will bail you out supposedly. Call them and verify for us.
Posted by Hustla on :
quote:Originally posted by dkinvest: Who to believe - The Dog or Repo?
hhmmmmmmmmmmmmmm
DK with all due respect F*ck who to believe, in case we forget with all the DD in the world, big boards, otcbb or whatever, this is still gambling?
Like the big bearded basturrd from Texas says... Know when to hold and know when to fold. Repo says Sell and Dogcatcher pumps for a buy. Who knows, someone's gonna win big, and someone's gonna lose big...God save all our azzes
Posted by Repoman75 on :
Well, I won't lose cause I own ZERO shares.. should have bought on Friday. DK took my advice and made $12K. *******.
Posted by th0th on :
For all we know, Ameritrade could be lieing. Until a press release that says so, it is all speculation at this point.
Agreed Hustla, this is a gamble.
Posted by dkinvest on :
quote:Originally posted by Repoman75: Well, I won't lose cause I own ZERO shares.. should have bought on Friday. DK took my advice and made $12K. *******.
Not that much repo, and BTW - thanks for the advice...I should send you a check Posted by th0th on :
Also weren't there restricted shares sold on Monday? If so, isn't tomorrow the settlement day for those that sold on Monday?
Posted by Repoman75 on :
Restricted shares sold on Friday .... today is settlement day. That's why AMTD has 40 min. to decide.
DK - yeah, you should! You originally got me into this mess.
Posted by dkinvest on :
quote:Originally posted by Repoman75: Restricted shares sold on Friday .... today is settlement day. That's why AMTD has 40 min. to decide.
DK - yeah, you should! You originally got me into this mess.
Me? I thought you said that buying and selling was the RESPONSIBILITY of the trader? Sort of like this whole PAIV mess....lol
Posted by dkinvest on :
I bought on Friday, today was the settlement day...My scottrade showed that my trade was settled, therefore shares were delivered. Correct?
Posted by Repoman75 on :
Correct.
Posted by Superbee383 on :
quote:Originally posted by Repoman75: In all seriousness, this is what happens when you put trading into the hands of Average Joe Investor. I can guarantee no broker sold these so called restricted shares... only the average dope on the street who is greedy and trying to cut corners.... I know some of you snickered when you sold and said "Heehee, look at this, I can place a sell while everyone else is restricted... now I can buy that new muffler for my 82 Pinto".
Well Repo, I can guarantee that a Broker DID enter the order for me. First I called to ask about the Master Card IPO, then I said 'I don't understand why I can't sell, and was told I COULD. I didn't go heehee.. I figured since he TOLD me I could sell.. since he entered the order for me, that they weren't restricted! Simple as that! It wasn't for greed, it wasn't to 'beat the system'.. I was breaking even on the trade. I asked him a question.. he answered me with what I said above. Greed doesn't enter into this at all. Oh, and as you can see by my screenname, I don't have a Pinto.. sorry to disappoint..but what you said is pretty obnoxious.. just my opinion..
Posted by AshyToClassy on :
As we speak it's tanking...
Posted by db on :
repo, and whoever - just off the phone with ameritrade and they stated "there will be no resolutions on this matter today" I told them I heard they will be responsible for the mistake on friday and was told "no decisions have been made" I don't know if the dog is a pumper or not but, repo has been bashing this stock alot why? and I called and what he said was wrong.
Posted by Repoman75 on :
Ummm... how does the name "Superbee" equate into NOT having a Pinto? Do you have a car named the Superbee? Who builds that, Chrysler?
And what are you whining about? AMTD is breaking the trades. You should be counting your lucky stars that your experience in pinkyland did not leave you homeless. You get to live another day.
Posted by madOIL on :
2 buys just went through at .0084: 1,200,000 shares = $10,080 1,459,997 shares = $12,263
Posted by Repoman75 on :
WEll, I only posted that from RB... go there and read it.
And it is tanking... no squeeze gentlemen. Let's move onto hurricane plays please.
Posted by rv on :
I got off the call from ameritrade. Guys we are FREE They took the blame. Celebrate
Posted by no_patience on :
Hey,
For those of us who have the clear PAIV shares.
We gapped yseterday and today at the open.
Thoughts for tomorrows open?
Ameritrade's position will have an effect.
Posted by Hustla on :
First the shake and now the EOD run...
Flap jacks, flap jacks, get em while they're hot!!!!
Posted by RWGATORBLUE on :
This stock as been my all time flipper. I've bought and sold this stock 10 times this week. The pattern is very predictable. Sorry. No long hold here, just making money.
Posted by PCola77 on :
To be fair he was just posting from another board, he didn't say it was a fact, just that someone else had posted that.
quote:Originally posted by db: repo, and whoever - just off the phone with ameritrade and they stated "there will be no resolutions on this matter today" I told them I heard they will be responsible for the mistake on friday and was told "no decisions have been made" I don't know if the dog is a pumper or not but, repo has been bashing this stock alot why? and I called and what he said was wrong.
Posted by Repoman75 on :
Gatorblue, you are a GOD.
Posted by madOIL on :
big buyers in the last 30 mins 4 buys over 1 mil shares each each totalling more than $10,000 a piece this has got more legs in it IMO!!!!
Posted by Hustla on :
quote:Originally posted by rv: I got off the call from ameritrade. Guys we are FREE They took the blame. Celebrate
If indeed this is true, tomorrow will be very interesting. Ameritrade wants to buy low, MM's want to sell high. What a Goddam showdown I can't wait
Posted by madmoney on :
a guy posts, called ameritrade, they said they will take the blame, another poster says just got off the phone with ameritrade and was told this is not resolved yet! who do you believe? guess i will call myself! and I WONT POST WHAT I AM TOLD! no reason anyone should believe me!
Posted by Repoman75 on :
Look at this nugget of info....
Look at this address:
Richard P. Wessel, District Administrator, Atlanta District Office, Securities and Exchange Commission 3475 Lenox Road, N.E., Suite 1000, Atlanta, GA 30326
Did you see JFK where Oswald and the CIA work out of the same building but different addresses? Could the SEC be behind this entire merger just to trap naked shorters and expose them? Stay tuned!
Posted by PCola77 on :
I'm thinking Repo would be right on this. Ameritrade can afford to wait, and just buy the share back after the buzz had dies down. The PPS will slowly drop back down over the next few weeks as people get sick of holding for no gain.
I may be wrong, but as we all know, the big boys don't lose at games like this.
Posted by Superbee383 on :
quote:Originally posted by Repoman75: Ummm... how does the name "Superbee" equate into NOT having a Pinto? Do you have a car named the Superbee? Who builds that, Chrysler?
LOL.. whaaaa?? HOW does the name 'Superbee' equate into having a Pinto?? And you ask.. who buildS that? well.. Dodge DID build it starting in 1968.. last year for the Bee was 1971. You DO know what a musclecar is, correct? And if not.... pity....
Posted by buckstalker on :
MM's will be very nice to Ameritrade...you'll see!
Posted by Repoman75 on :
Nope sorry, I drive a BMW... not into Alabama Nascar racing. I sell scrap metal in the Futures market, I don't drive it.
Posted by th0th on :
If you own Ameritrade stock, I would suggest selling it.
Posted by madmoney on :
what a drop!! huge sell off here!
Posted by Superbee383 on :
LMAO.. Nascar? sorry.. don't watch that. This is a show car, not a daily driver.. forget it.. trying to explain to ignorant people isn't worth the effort. Ahh now you claim to have your series 3 too?
Posted by Repoman75 on :
1 star for you.. this conversation is over. You're lucky AMTD is breaking the trades or I would buy that car in an auction of your possessions and use it in a Bigfoot show.
Posted by madOIL on :
WONDER WHAT TOMORROW BRINGS MAYBE A NEW THREAD SHOULD BE STARTED FOR THOSE THAT ARE NOT IN "THE MESS"
Posted by POOLBOY on :
repo & superbee have made my day. this has to be some of the funniest sh1t i have ever read. maybe yall should race cars.
Posted by Johnwayne on :
well I'm gonna lose a little here but I'm gonna sell in the AM. Unless news comes out straightning this mess out this thing is gonna fall so hard, so fast it is going to be mind boggling.
Posted by Repoman75 on :
Stop making new threads. I like seeing the history of "the mess". You see who made the right calls, who made the wrong ones, who got rich, who got slaughtered, who knows his ABC's, who doesn't know jacksh1t, etc.
Posted by PCola77 on :
I love internet message board showdowns!
"I flipped this stock for $10,000 today" "Oh yeah, well I made $200,000" "Oh yeah, well I made $24gagibazillion today, and I just bought you, so there!"
quote:Originally posted by POOLBOY: repo & superbee have made my day. this has to be some of the funniest sh1t i have ever read. maybe yall should race cars.
Posted by tmanfromtexas on :
Not that I like BMW's or Chrysler products for that matter, I think the superbee would smack that beemers ass. lol. TMAN...
Posted by Repoman75 on :
It seems Ameritrade is telling people to cover, and if they do, good for Ameritrade. HOWEVER, if people complain, they are breaking the trades.
We used to do this at Datek a lot.. pretty ghetto. I thought AMTD would be more up and up nowadays... same old sheet though
Posted by POOLBOY on :
i think it would be a good race, in long stretch i think the bmw would win, but it could be an old one that runs on diesel
Posted by madmoney on :
quote:Originally posted by Repoman75: Stop making new threads. I like seeing the history of "the mess". You see who made the right calls, who made the wrong ones, who got rich, who got slaughtered, who knows his ABC's, who doesn't know jacksh1t, etc.
I agree, lots of good info gets lost. keep this one going!
Posted by Superbee383 on :
LOL Poolboy.. in the long run.. the Bimmer would win probably. I've only had my car up to 120mph, though the speedo goes to 150mph. But the Bee weighs ALOT more than a Bimmer. But.. it IS fun in the 1/4 mile! :-)
Posted by POOLBOY on :
if you smash it into the wall aleast it wont go into 1000pieces like the cars these days
Posted by Repoman75 on :
He would have crashed into a wall if AMTD didn't bail him out of this mess... .BOOM.
Posted by tmanfromtexas on :
So any TD/A folks here have any new news, emails etc that they would like to share? TMAN...
Posted by POOLBOY on :
repo- thats just wrong
Posted by searchingforpennies on :
Ummm... how does the name "Superbee" equate into NOT having a Pinto? Do you have a car named the Superbee? Who builds that, Chrysler?
And what are you whining about? AMTD is breaking the trades. You should be counting your lucky stars that your experience in pinkyland did not leave you homeless. You get to live another day.
Why should any of us be thanking our lucky stars for AMTD breaking the trades, they are the ones that screwed up, had they not have broken the trades, they would have been sued and held responsible by the SEC. Its they're fault, for not knowing they were restricted in the first place, I am an "Average Joe Investor" thats why I use a brokerage firm, gee you must also be one too or do you own your own brokeage firm?? I'm always willing to learn something but this here with PAIV is just dead wrong. AMTD and any other brokeage firm that allowed it to trade needs to make it right for us Average Joe Investors. As far as your BMW nice , but has it ever been in a car show and taken numerous 1st places??? I've seen the superbee and I'd much rather have power under me than comfort, but hey to each they're own. Good luck with all your trading.
Never could understand someone on these boards attacking anothers misfortune. If you have all that you say you do, what the heck are you doing hanging around these penny stock boards tring to cause ill feelings ???? Get in your BMW and hit the road.
Posted by scfraser1 on :
Anyone know when Scottrade will convert the JPHC shares to PAIV??
Posted by Burn on :
AT breaking my trade. They called me at about 4:30.
Posted by Chopper on :
After the Certs are delivered.
quote:Originally posted by scfraser1: Anyone know when Scottrade will convert the JPHC shares to PAIV??
Posted by scfraser1 on :
Thanks Chopper.
Posted by pharaohno1 on :
Ameritrade called me back and they said that they were breaking my trade and that they would cover everything that happened. So I am getting my restrict shares back at the price I paid for them on Friday.
What a relief!!!!!
Posted by BuyTex on :
well, all's well that ends well...thought the A-trade resumption yesterday was a pretty solid signal...
As Buck mentioned, MM's may have tendency to help 'em out....hmmm. Let's think about that ... Posted by Browndog on :
I sent an email to Ameritrade on Monday asking if my new shares of PAIV (converted shares from JPHC)were restricted. I got a reply today at 4:01 pm:
Thank you for submitting your e-mail inquiry to our TD AMERITRADE Apex Team.
In order to best address your inquiry, your e-mail has been forwarded to a team that specializes in these types of issues. Typically, their hours of operation are Monday through Friday from 8 a.m. until 4:30 p.m.
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Posted by Browndog on :
My shares are still listed as N/A with the original amount of JPHC shares. I figure I'm in this for the long haul.
Posted by PCola77 on :
Wow, if that's all true about Ameritrade, I'm really happy for you guys.
I'm going to check with Scottrade tomorrow about my situation. I had sold at .0011 and bought back at .0021 for about a $4700 loss. I wonder if they'll reimburse me any of that. It's a different situation because they told me I'd be responsible for the stock if they let me sell it before they had it in their posession, but it's worth asking, since they probably shouldn't have let me "short" the stock.
Oh well, I'll get over it either way.
I do feel much better about the people that were literally facing bankruptcy, etc over all of this befoer AT said they'd cover them.
Posted by pharaohno1 on :
PCola77
I hope it works out for you with Scottrade. From what they were telling me is that Ameritrade was given the shares without it restrict. So, Ameritrade is still going to talk to PAIV about what happened.
All I know is that I am getting my shares back and no margin call of $1 million. I knew that Ameritrade would not screw their customers like that or they would have to face litigation from a lot of people.
The funny part to all this when I talked to the representative was that I am one of many they have to call back tonight.
Anyway, they told me that my account on the website would be back to normal tomorrow.
GLTA
Posted by Chad on :
Glad to here good news for everyone...Hope everyone that had shares from JPHC keep the faith, afterall, Im guessing that us shareholders made a good % gain on this after conversion, depending on where u bought JPHC at. If you bought at .0003, then you probably will be making a very big jump from initial investment right off bat. I bought at .0006, maybe should have bought more at 3, but didnt want to have all funds stuck for 2 yrs. I just hope PAIV maintains price for a couple yrs!!
Posted by BuyTex on :
quote:Originally posted by PCola77: Wow, if that's all true about Ameritrade, I'm really happy for you guys.
I'm going to check with Scottrade tomorrow about my situation. I had sold at .0011 and bought back at .0021 for about a $4700 loss. I wonder if they'll reimburse me any of that. It's a different situation because they told me I'd be responsible for the stock if they let me sell it before they had it in their posession, but it's worth asking, since they probably shouldn't have let me "short" the stock.
Oh well, I'll get over it either way.
I do feel much better about the people that were literally facing bankruptcy, etc over all of this befoer AT said they'd cover them.
You know, PC...I wonder... might be worth talking to an attorney, *then* talking to Scottie. I'd for sure ask what cusip was sold, and what was bought back. iow, if you sold "so-called" restricted shares--presumably with "X" cusip--and bought back free-trading shares--presumably with "Y" cusip--how have you "covered"? See what I mean? If traders can't short pennies, how can you be "short"? If Ameritrade is covering, why can't Scottie get them from A-trade, then bust your buyback?
Posted by PCola77 on :
I'm not an attorney kind of person. If they'll work with me, great, if not, oh well. I'd rather be out the $4k than deal with the hassle of any litigation.
Thanks for the advice though, other people here may be well served going that route.
I'll let you al know how it turns out.
quote:Originally posted by BuyTex:
quote:Originally posted by PCola77: Wow, if that's all true about Ameritrade, I'm really happy for you guys.
I'm going to check with Scottrade tomorrow about my situation. I had sold at .0011 and bought back at .0021 for about a $4700 loss. I wonder if they'll reimburse me any of that. It's a different situation because they told me I'd be responsible for the stock if they let me sell it before they had it in their posession, but it's worth asking, since they probably shouldn't have let me "short" the stock.
Oh well, I'll get over it either way.
I do feel much better about the people that were literally facing bankruptcy, etc over all of this befoer AT said they'd cover them.
You know, PC...I wonder... might be worth talking to an attorney, *then* talking to Scottie. I'd for sure ask what cusip was sold, and what was bought back. iow, if you sold "so-called" restricted shares--presumably with "X" cusip--and bought back free-trading shares--presumably with "Y" cusip--how have you "covered"? See what I mean? If traders can't short pennies, how can you be "short"? If Ameritrade is covering, why can't Scottie get them from A-trade, then bust your buyback?
Posted by PCola77 on :
LOL, I guess I may need a lawyer afterall.
I had sold with Scottrade, but since I had to buy back at a loss and didn't have enough money in Scottrade, I bought with my Choicetrade account. Filled out the forms to do a DTC transfer from Choicetrade to Scottrade and just got the following e-mail:
Dear Client:
This is in regards to your recent request to DTC PAIV to another firm. We are unable to DTC the stock because the stock has been frozen. Please let us know if you have any questions.
Regards, ChoiceTrade Client Services
Posted by BuyTex on :
Ya, seriously, I'd get an opinion--let's say a top-notch guy is $500/hr... use the whole damn hour to explore explore every angle, *then* plan your work/work your plan, type deal. if you get back, say even 1/2, it would be money well spent, I'm thinking...
Let's put it this way...you basically sold a "claim" on restricted shares, right? I mean, that's all Scottie had "electronically"...well, there's no market value on those shares...how did buying free-trading PAIV help anything? To my mind, you can sell those tomorrow morning for a nice gain... Well, I understand Penson is saying "frozen," but isn't it likely they're slow on the Ameritrade buy-in? Anyway, ya...good securities attorney could pay off here...
best wishes, --tex
Posted by PCola77 on :
Unfortunately time is the other issue. We have a big governemnt deadline at work of June 5th, and everyone in my office has pulling 70+ hour weeks the last month or so and the next two weeks are going to be worse. I wonder if Scottrade will let me slide until after that
quote:Originally posted by BuyTex: Ya, seriously, I'd get an opinion--let's say a top-notch guy is $500/hr... use the whole damn hour to explore explore every angle, *then* plan your work/work your plan, type deal. if you get back, say even 1/2, it would be money well spent, I'm thinking...
Let's put it this way...you basically sold a "claim" on restricted shares, right? I mean, that's all Scottie had "electronically"...well, there's no market value on those shares...how did buying free-trading PAIV help anything? To my mind, you can sell those tomorrow morning for a nice gain... Well, I understand Penson is saying "frozen," but isn't it likely they're slow on the Ameritrade buy-in? Anyway, ya...good securities attorney could pay off here...
best wishes, --tex
Posted by BuyTex on :
lol, for $3-500/hr, the so-far mythical attorney can meet with on Saturday...
Posted by PCola77 on :
For $275/hr (billing rate, I don't see anywhere near that) our clients expect us to be working the weekends as well.
I'll call Scottrade tomorrow and tell them that I can't get them their share back, and see where it goes from there.
quote:Originally posted by BuyTex: lol, for $3-500/hr, the so-far mythical attorney can meet with on Saturday...
Posted by BuyTex on :
there ya go...
keep us posted.
best...
Posted by th0th on :
Better yet, why don't you sell it at .006 tomorrow, make a .0039 gain, and let Scottrade deal with it.
quote:Originally posted by PCola77: Wow, if that's all true about Ameritrade, I'm really happy for you guys.
I'm going to check with Scottrade tomorrow about my situation. I had sold at .0011 and bought back at .0021 for about a $4700 loss. I wonder if they'll reimburse me any of that. It's a different situation because they told me I'd be responsible for the stock if they let me sell it before they had it in their posession, but it's worth asking, since they probably shouldn't have let me "short" the stock.
Oh well, I'll get over it either way.
I do feel much better about the people that were literally facing bankruptcy, etc over all of this befoer AT said they'd cover them.
Posted by PCola77 on :
Because if Scottrade "dealing with it" consists of forcing me to buy back the shares at higher than I could sell them for tomorrow I'd be completely screwed
BTW, do you think it'll drop that far?
quote:Originally posted by th0th: Better yet, why don't you sell it at .006 tomorrow, make a .0039 gain, and let Scottrade deal with it.
quote:Originally posted by PCola77: Wow, if that's all true about Ameritrade, I'm really happy for you guys.
I'm going to check with Scottrade tomorrow about my situation. I had sold at .0011 and bought back at .0021 for about a $4700 loss. I wonder if they'll reimburse me any of that. It's a different situation because they told me I'd be responsible for the stock if they let me sell it before they had it in their posession, but it's worth asking, since they probably shouldn't have let me "short" the stock.
Oh well, I'll get over it either way.
I do feel much better about the people that were literally facing bankruptcy, etc over all of this befoer AT said they'd cover them.
Posted by MakeMoney on :
Anybody have an idea what this thing will do tomorrow? Im holdin a few million shares and don't know whether to dump or ride.
Posted by PCola77 on :
A few million? What'd you get in at?
Posted by th0th on :
Well, who knows, but let's just say that I won't be surprised to see .006 tomorrow.
And, yeah, if you can find out what Scottrade's stance on this whole mess and whether or not they will do the same thing that AT is doing for their customers, then you can see if you can actually come out ahead on this thing.
quote:Originally posted by PCola77: Because if Scottrade "dealing with it" consists of forcing me to buy back the shares at higher than I could sell them for tomorrow I'd be completely screwed
BTW, do you think it'll drop that far?
quote:Originally posted by th0th: Better yet, why don't you sell it at .006 tomorrow, make a .0039 gain, and let Scottrade deal with it.
quote:Originally posted by PCola77: Wow, if that's all true about Ameritrade, I'm really happy for you guys.
I'm going to check with Scottrade tomorrow about my situation. I had sold at .0011 and bought back at .0021 for about a $4700 loss. I wonder if they'll reimburse me any of that. It's a different situation because they told me I'd be responsible for the stock if they let me sell it before they had it in their posession, but it's worth asking, since they probably shouldn't have let me "short" the stock.
Oh well, I'll get over it either way.
I do feel much better about the people that were literally facing bankruptcy, etc over all of this befoer AT said they'd cover them.
Posted by th0th on :
Be best to sell half your position and ride the rest on free shares, if you haven't done so already.
If you are already riding on free shares, hell I would hold and see what it would actually do.
quote:Originally posted by MakeMoney: Anybody have an idea what this thing will do tomorrow? Im holdin a few million shares and don't know whether to dump or ride.
Posted by PCola77 on :
Yeah, if Scottrade would break my sell I'd be dancing in the streets. If they give me the $4600 back I'd be thrilled. If they tell me to f*** off, I still won't be too upset.
My luck they'll break my sell after the price is below where I bought:)
quote:Originally posted by th0th: Well, who knows, but let's just say that I won't be surprised to see .006 tomorrow.
And, yeah, if you can find out what Scottrade's stance on this whole mess and whether or not they will do the same thing that AT is doing for their customers, then you can see if you can actually come out ahead on this thing.
Posted by Hannibull on :
I'm so glad to hear everything's going to work out for you guys, I don't know you but I was seriously worried, the thought that this could've had life-changing consequences, that lives could've been ruined because of this made me sick to my stomach... ($1 million margin call is just sick)
This must be one of the biggest lessons in your stock trading career, you should celebrate tonight! Posted by MakeMoney on :
quote:Originally posted by PCola77: A few million? What'd you get in at?
I got lucky in at .0010, dumped yesterday at .008 and bought back in at .0076 this morning. If it drops Ill start losing.I was in a meeting and missed my chance to roll at .01 today!!
Posted by AshyToClassy on :
quote:Originally posted by MakeMoney: Anybody have an idea what this thing will do tomorrow? Im holdin a few million shares and don't know whether to dump or ride.
Personally I'm hoping it tanks as low as possible tomorrow. Maybe .004-.005.
MM's want cheap shares, and I want em even more...
Lets pray it sinks like the Titanic. MM's I know you're watching...PLEASE DON't GAP UPWARDS PAIV!!!!
Posted by Hustla on :
quote:Originally posted by AshyToClassy:
quote:Originally posted by MakeMoney: Anybody have an idea what this thing will do tomorrow? Im holdin a few million shares and don't know whether to dump or ride.
Personally I'm hoping it tanks as low as possible tomorrow. Maybe .004-.005.
MM's want cheap shares, and I want em even more...
Lets pray it sinks like the Titanic. MM's I know you're watching...PLEASE DON't GAP UPWARDS PAIV!!!!
Wow Ashy you might as well start fasting and meditating too man. goddamn you want it that bad???
Posted by AshyToClassy on :
quote:Originally posted by Hustla:
quote:Originally posted by AshyToClassy:
quote:Originally posted by MakeMoney: Anybody have an idea what this thing will do tomorrow? Im holdin a few million shares and don't know whether to dump or ride.
Personally I'm hoping it tanks as low as possible tomorrow. Maybe .004-.005.
MM's want cheap shares, and I want em even more...
Lets pray it sinks like the Titanic. MM's I know you're watching...PLEASE DON't GAP UPWARDS PAIV!!!!
Wow Ashy you might as well start fasting and meditating too man. goddamn you want it that bad???
Damn right I do, You MM's who watch, or is hiding behind phony aliases on this board.....
Listen up, Tank this Son-of-a-Biitch cause I want in, I'm sure you do too. I ain't gettin in unless it goes below .006. Now I've said my two cents, make me proud in the AM. Good Night
Posted by Impat on :
I'm in with JPHC shares at $0.0003 with a big big jump, but did not know about the restriction when bought JPHC. Then, it went down to $0,0002 and I decide do not loose money. As far as I know, I have to wait for 1 year to sell them. Very risky, but the fact the board of directors decided to implement the stock on AMEX, something tell me that's a good deal! We should be at a cent in the short term.
Posted by Repoman75 on :
Hey, who erased my post?
Close at .005 today! That's the call!
Posted by AshyToClassy on :
That's F*cked up....somebody must not like you Repo
But anyway, I'm looking forward to that Goddamn dump, I'm tryin to get in low and flip
Posted by Repoman75 on :
I have many enemies within these walls... hence, my 2 star rating!
Posted by AshyToClassy on :
quote:Originally posted by Repoman75: I have many enemies within these walls... hence, my 2 star rating!
LMAO
Posted by pepsiman on :
after the close yesterday I called PAIV and asked them about the JPHC shares. He told me the last official shares that traded last Thursday went thru yesterday. He said that it is going to take 6-10days to issue the JPHC shares to the DTC and then the brokers and that when the brokers get them they will be restricted no ifs ands or butts. I hope some how those of you that shorted can get out of this mess but I dot't know how. If your brokers are telling you the truth I don't see how its possible. Good Luck
Posted by nomed on :
quote:Originally posted by AshyToClassy: That's F*cked up....somebody must not like you Repo
But anyway, I'm looking forward to that Goddamn dump, I'm tryin to get in low and flip
Looks like you'll get your wish... droppin fast.
Posted by madmoney on :
look at the volume on this! way low for such a big drop!
Posted by MakeMoney on :
Now its tanked to .006! All you guys waiting to get on ....scoop it up and hold your positions. There is enough buying pressure that we can squeeze another run one out of this one! Im sure everybody could use a couple grand. Now that the fearfull have dumped the market warriors can fill up one more time!!!
Posted by MakeMoney on :
.0052........STOP THE MADNESS!!!!!!
Posted by dkinvest on :
Posted by MakeMoney on :
quote:Originally posted by madmoney: look at the volume on this! way low for such a big drop!
Im kind of new at the pennies but when everybody has the restricted shares back.....that drops the available shares by alot......so doesn't that mean even if the volume drops....any availabe shares become more valuble with any reasonable demand? What are your thoughts?
Posted by no_patience on :
All right enough is enough.
What did you guys do?
I did not get out quick enough like yesterday.
Now I am just a spectator - probably until later today....
Posted by 4Tune4Me on :
NITE consistently lowering the ask....
Posted by no_patience on :
Just shows who is really in control ....
Posted by dkinvest on :
.0045.................DOH!
Posted by MakeMoney on :
I mean it kind of like a large corp. buy back. Even after the sell off..the remaining shares are significantly higher.
Can somebody help me with this?
Looks like "somebody" is trying to lower the price so they can cover on settlement day
Posted by 4Tune4Me on :
Exactly, I hope SEC is carefully monitoring Ameritrade's error recovery efforts.
Posted by 4Tune4Me on :
NITE on the bid at .0045...was that the number decided on in the meeting?
Posted by dkinvest on :
MM's are helping TDA here...MM's lowering the PPS to get people to panic sell...not gonna work with me, I'm holding.
Posted by 4Tune4Me on :
The minute NITE took it's finger off the ask, pps rebounded.
Posted by MakeMoney on :
Feels like Im getting raped with a hot poker but Im holdin too
Posted by nomed on :
Just got back in at .0055.. we will see what happens...
Posted by 4Tune4Me on :
Half price sale today. Brokerages need to settle their error and take their hands off the brakes.
Posted by db on :
hold tight! still just the first 1/2 hr. - it's so obvious what the MM's are doing - maybe it's out of despiration
Posted by dkinvest on :
I would expect that we will see this roller coaster ride in the PPS until we find out exactly how this situation will be solved. Until then TDA is on borrowed time and is working in conjunction with the MM's to buy back these phantom shares, IMO.
They are not scaring me, as I am playing with free shares anyway.
Posted by cottonjim on :
"Here's to beer, the cause of and solution to most of lifes problems (Homer)."
Posted by db on :
I really hope the SEC is on top of this fiasco - I would like to see someone get jail time with bubba - TDA , MM's what a bunch of crooks
Posted by no_patience on :
So if there are only about 20M real shares out there ( from a previous post ), We have seen them all turn over 5 times already this morning?
I too believe these must be the restricted shares being bought up.
Posted by MakeMoney on :
quote:Originally posted by db: I really hope the SEC is on top of this fiasco - I would like to see someone get jail time with bubba - TDA , MM's what a bunch of crooks
I agree..but you know we could be the MMs. If everybody in the room bought up and held the supply would dry up rather quickly. Those %&#%&# would have to raise the bid. The amount of time to recover is finite.
Posted by nomed on :
Comin back up...
Posted by skysthelimit on :
TD-Ameritrade and other brokerages are NOT at fault, because it was filed THE WRONG WAY BY JPHC: JPHC filed on 5/18(not restricted) then on 5/24(restricted) THEY CHANGED(Revised) IT LATER!
I got this info. from otcbb.com:
quote: Daily List Search OTHER-OTC / PORTAL SYSTEM CHANGES
SECURITY DELETIONS
05/18/2006 JPHC Jupiter Global Holdings Corp. Common Stock 05/19/2006 Merger with APO Health Inc (0.46232085067036500/sh PAIV for each JPHC share held) **
05/24/2006 JPHC Jupiter Global Holdings Corp. Common Stock 05/19/2006 Revision to the D/L of 5/18/2006; Merger with APO Health Inc (0.46232085067036500/sh RESTRICTED Paivis Inc [symbol PAIV] for each JPHC share held) **
someone has to be accountable,way too much confusion with TDA and what they are telling people - this stock has big upward movement potential - PAIV and it's stock holders have been screwed and someone else should have to pay!! MM's should let this run and make some money and fu-- TDA
Posted by j_mania on :
either way, Sky, these shares shouldn't of been in shareholder's accounts yet, restricted or unrestricted. The transfer agent had yet to issue the DTC any certificates. Fault lies on the brokers involved.
Posted by db on :
go to RB board and read post #54694 if you have TDA - thats what I was told yesterday - I don't think anybody is of the hook yet!
Posted by Repoman75 on :
Told ya.... .006 close! NITE and TDCM will bring this down hard.
Nobody listens.
Posted by db on :
repo are you even in this stock?
Posted by Repoman75 on :
Why would I be in a stock that's tanking? I was in this before the merger, should have been in on Friday.... but now? What am I, a suicide bomber?
Posted by Hold-em-er-fold-em on :
NO! But he is very intelligent!
Be sure to listen to his advise!
Oh and be dure to note that there is hardly never any DD with his posts! LOL
Posted by db on :
repo --look, some people are in this with money, your constant negative pointless attitude isn't helping anybody - so why are you here? you have some agenda? don't like this stock go to a thread that involves a stock your in maybe you could enlighten them and be appreciated.
Posted by nomed on :
quote:Originally posted by db: repo --look, some people are in this with money, your constant negative pointless attitude isn't helping anybody - so why are you here? you have some agenda? don't like this stock go to a thread that involves a stock your in maybe you could enlighten them and be appreciated.
OH HEL* YEAH! Been wantin to say it myself. Repo is someone else who is here to help newbies by bashing a stock. Thanks dude... Posted by HurricaneBob on :
PA = DA
Posted by HurricaneBob on :
The DA cost me money on monday
Posted by HurricaneBob on :
either basher or self accumalating
Posted by eagleye on :
or still a MM
Posted by same on :
The Latest Story on Paivis and Ameritrade May 25, 2006
I just found out that Ameritrade is going to buy back all the restricted shares they illegally put out on the Open Market last Friday. They will not put a PR out on this from what I have been told but they realize their Liability here is huge. So they are fessing up to their mistake. A lot of pressure has been put on them by NASD and so on to right their mistake. Pavis float is around 35 million.
Ameritrade who is NITE from what people have to me is going to try and scare everyone into selling so they can buy the shares at a lower price. The way to beat Ameritrade is to not sell and this will force the S/P a lot higher. It is up to those who own the Pavis shares that dictate where the S/P goes. The SP has a lot of poential on the upside if we all hold. The group I belong to is holding all our shares now that we have learned this new information. We could get a massive cover if we all hold.
I hope this new information helps lets get those Ameritrade Crooks to Pay.
Posted by dkinvest on :
From RB:
By: trackgirlky 25 May 2006, 10:50 AM EDT Msg. 54694 of 54728 Jump to msg. # Just got off the phone with TDA re-organization department, not customer service and they said "No decision has been made on the required buyback as of this morning. Clients who sold can buy back now to replace those shares if they wish. A forced buyback has not been issued YET...that is still be decided on the executive level of TDA. NO EMAILS OR PHONE CALLS have been made communicating to clients that TDA would buy back the shares for clients. If a forced buyback is issued, clients will be notified. Talked to the head of the department, Mike Gonzales....888-723-8504...call him yourselves...do your own DD. Those who are saying the TDA communicated that they were going to buy back shares either have been mis-informed or are lying. That decision has not been made. GLTA
Posted by dkinvest on :
4 MM's on the ask of .10....now that's what I like to see.
Posted by dkinvest on :
So, does anyone know who the governing authority is to rectify this situation?
Posted by MakeMoney on :
quote:Originally posted by dkinvest: From RB:
By: trackgirlky 25 May 2006, 10:50 AM EDT Msg. 54694 of 54728 Jump to msg. # Just got off the phone with TDA re-organization department, not customer service and they said "No decision has been made on the required buyback as of this morning. Clients who sold can buy back now to replace those shares if they wish. A forced buyback has not been issued YET...that is still be decided on the executive level of TDA. NO EMAILS OR PHONE CALLS have been made communicating to clients that TDA would buy back the shares for clients. If a forced buyback is issued, clients will be notified. Talked to the head of the department, Mike Gonzales....888-723-8504...call him yourselves...do your own DD. Those who are saying the TDA communicated that they were going to buy back shares either have been mis-informed or are lying. That decision has not been made. GLTA
It doesn't matter who is buying and who is responsible. The only thing that ultimately matters is somebody is going to have to get those restricted shares out of the market. When that happens the supply will quickly dry up and if people are actually holding what they say they are ........we'll control the market. If 50 -100 people hold 500K to 1 mil. shares, they won't be able to cover all the restricted shares until somebody caves. And that my friends will cost them $$$$$$$.
Posted by dkinvest on :
If TDA is forced to buy back these illegal shares that we hold, the only way we are gonna make money is if TDA is required to buy them back by a certain DEADLINE . If a deadline is NOT declared, they will drive this low, keep it low, and sooner or later we that hold illegal shares will grow tired and sell them back cheap. IMO.
Posted by MakeMoney on :
quote:Originally posted by dkinvest: If TDA is forced to buy back these illegal shares that we hold, the only way we are gonna make money is if TDA is required to buy them back by a certain DEADLINE . If a deadline is NOT declared, they will drive this low, keep it low, and sooner or later we that hold illegal shares will grow tired and sell them back cheap. IMO.
There inevitably has to be a deadline. Its like having forever to pay a margin call without trade restriction. Besides that the shares were restricted to prevent the new stock from losing value. They need to be at 1.00 to hit the major exchanges. Leaving those shares out there and letting TDAM take their time derails that plan.
just my opinion
Posted by PCola77 on :
Tha's exactly what I said yesterday and why I agreed with RepoMan. People will get sick of holding. If you want to tie up money for an indefinite amount of time, it's probayl wort hte risk, but unless they have to by them back by a certain time, you won't see another run like the ones this week.
quote:Originally posted by dkinvest: If TDA is forced to buy back these illegal shares that we hold, the only way we are gonna make money is if TDA is required to buy them back by a certain DEADLINE . If a deadline is NOT declared, they will drive this low, keep it low, and sooner or later we that hold illegal shares will grow tired and sell them back cheap. IMO.
Posted by PCola77 on :
If thre was always a deadline for MMs to buy back shorted shares you'd never see naked short selling. The fact that it exists, and in such volume should tell you all that you need to know about deadlines for MMs.
quote:Originally posted by MakeMoney: There inevitably has to be a deadline. Its like having forever to pay a margin call without trade restriction.
Posted by MakeMoney on :
Look at the price now. Available shares are drying up. The MMs are trying to force it back down but after this mornings sell off, they have been loosing the upperhand. They bid lower and it drops a few ticks but then stubborn dreamers like me hold on and it rises right back up. "One step back to take two steps forward" Right now there are more buy orders than sell orders from what I can see.
quote:Originally posted by PCola77: Tha's exactly what I said yesterday and why I agreed with RepoMan. People will get sick of holding. If you want to tie up money for an indefinite amount of time, it's probayl wort hte risk, but unless they have to by them back by a certain time, you won't see another run like the ones this week.
quote:Originally posted by dkinvest: If TDA is forced to buy back these illegal shares that we hold, the only way we are gonna make money is if TDA is required to buy them back by a certain DEADLINE . If a deadline is NOT declared, they will drive this low, keep it low, and sooner or later we that hold illegal shares will grow tired and sell them back cheap. IMO.
Posted by MakeMoney on :
These are not just shorts. They are illegally sold shares. Win or loose nobody wants the SEC or NASD sniffing around. There is no way they would let this drag out. The downside potential to strtching this out is greater than the immediate cost.
quote:Originally posted by PCola77: If thre was always a deadline for MMs to buy back shorted shares you'd never see naked short selling. The fact that it exists, and in such volume should tell you all that you need to know about deadlines for MMs.
quote:Originally posted by MakeMoney: There inevitably has to be a deadline. Its like having forever to pay a margin call without trade restriction.
Posted by traderofcents on :
Originally posted by dkinvest: If TDA is forced to buy back these illegal shares that we hold, the only way we are gonna make money is if TDA is required to buy them back by a certain DEADLINE . If a deadline is NOT declared, they will drive this low, keep it low, and sooner or later we that hold illegal shares will grow tired and sell them back cheap. IMO. I agree dk, needed more info, so I called reorganization & safekeeping at Ameritrade and talked W/Jane she was very helpful.(1-888-723-8504)She said no new info about who is ultimately responsibe yet. I also asked her what time frame are we looking at if these restricted shares which were sold have to be covered. She said, those restricted shares would have to be bought back and would be due IMMEDIATELY! So I believe we could still see a short squeeze. When? not sure, however the 3-day settlement for Friday and Monday's sell of restricted shares is today! Do your own DD. GLTA!
Posted by MoneyMoneyMoney on :
quote:Originally posted by Repoman75: .0008... why do you guys use piker brokerages like Scottrade or Etrade?
Ameritrade is best.
Posted by Repoman75 on :
quote:Originally posted by PCola77: If thre was always a deadline for MMs to buy back shorted shares you'd never see naked short selling. The fact that it exists, and in such volume should tell you all that you need to know about deadlines for MMs.
quote:Originally posted by MakeMoney: There inevitably has to be a deadline. Its like having forever to pay a margin call without trade restriction.
There is no deadline. AMTD can hold short positions for as long as they like, as long as you are willing to accept that inherent risk that comes with being short. Anyone who tells you anything else is trying to get you to hold this POS. They probably bought at .01.
And NITE is not AMTD. NITE is NITE. Independent MM. AMTD is TDCM. TDCM is the Capital Markets dept. of TD (now AMTD).
Call me what you want, I have been right on this the whole time... sell before the merger, buy right after, and sell now.
.006 close still.
Posted by MoneyMoneyMoney on :
quote:Originally posted by Repoman75: They won't ask, they'll just TAKE the proceeds and give you back your shares... again, only if they are supposed to be restricted.
If they are NOT supposed to be restricted, then all of you Scottrade people should be b1tcing right now if you want to sell. They are merely incompetent in updating their systems. They can take a contigent trade if they wanted to until they update their systems. This Tues. BS is BS.
I have NEVER had problems with Scottrade.
Posted by MoneyMoneyMoney on :
quote:Originally posted by Repoman75: Told ya. Scottrade systems suck. Shares are NOT restricted, period.
Move your accounts to Ameritrade.
Posted by MoneyMoneyMoney on :
quote:Originally posted by Repoman75: The reason you couldn't sell on Scottrade is because their systems weren't updated, not because they knew about the restrictions.... shill.
Here's 1 star for you.
One reason the star system does not work!
Posted by 4Tune4Me on :
Boys, boys....
Posted by MoneyMoneyMoney on :
lmao
Posted by Repoman75 on :
Please don't edit my posts. TIA.
Posted by Repoman75 on :
And it's funny that the conversation is around ME, and PAIV... is it because my .006 close prediction is too kind?
Posted by atomictraders on :
PAIV has great potential, even at these prices
Posted by MoneyMoneyMoney on :
quote:Originally posted by MoneyMoneyMoney:posted 23 May, 2006 12:55 I'm all out now. Not bad profit for time spent on everything. Good luck to all that keep playing!!!
Be cautious.
I had clinicals the next day. Couldn't be there to sell so I sold a day ahead.
Posted by tallywacker on :
NEWS - PAIV: "Phantom Shares" Debacle Unresolved Ameritrade, Paivis, Keeping Possible Buy-in Decision Under Wraps May 25, 2006 1:30 PM
(By InfinitiStocks.com) There is still no official word from TD Ameritrade or Paivis, Corp (OTCBB: PAIV) on the potential squeeze play of the year, involving "phantom" shares, million dollar margin calls, and locked trading accounts. On Wednesday, InfinitiStocks.com contacted both TD Ameritrade and Paivis for a statement. To date we have not received a reply from either firm. Telephone hold time at Ameritrade's Reorganization and Safekeeping department ranges up to an hour for investors calling in to inquire about their account status.
Ghost Shares? Last week, shares of unknown origin were delivered as part of a merger/tender offer to former JPHC shareholders holding accounts with TD Ameritrade, a popular online brokerage firm. However, Paivis news on Monday clearly states, "The Merger Shares...have not been allocated to the Jupiter shareholders of record." The press release continues, "Merger Shares have not been physically received by Depository Trust Company." Reports are that major online brokerage firms including Charles Shwab, Scottrade, Fidelity, and others, have not yet issued JPHC merger shares to their own customers.
Panic Sell Off Sparks 990% Rebound Nonetheless, alleged merger shares that (according to TD Ameritrade) did not bear the restricted legend began appearing in JPHC shareholders' Ameritrade accounts late last week. Investors who contacted AT claim they were informed via telephone and email that their new shares of PAIV were unrestricted and freely tradable. The result was a panic sell off last Friday as some investors began to sell, and more joined in to avoid the near-total loss. The flood of new PAIV shares caused the price to tumble 90%, to $0.0011. Monday the stock rebounded in a big way, and by Wednesday reached an intra day high of $0.0012 - a whopping 990% above last Friday's close. At the time of this writing, PAIV is trading approximately 450% above Friday's level, yet still substantially lower than before the sell off. While day traders and short term speculators have cashed in on this week's rally, we can't help but wonder what existing PAIV shareholders are thinking as they see their own investment ravaged by such powerful market forces.
Restricted vs. Unrestricted Obviously something is terribly amiss. Paivis stated quite clearly in official filings that the merger shares would be unregistered, and the press release reads, "These Merger Shares to be received by the Jupiter Shareholders are restricted securities as defined by Rule 144." Yet according to TD Ameritrade last week, the shares they issued to their own customers did not bear the restricted legend, and thus were eligible for trade. Ameritrade customer correspondence submitted to InfinitiStocks.com admits, "These new shares were to be restricted. However, Ameritrade allowed clients to trade the security unrestricted on Friday 5/19/2006 and Monday 5/22/2006." The correspondence also reads, "Former holders of Jupiter Global Holding who have sold PAIV will have a short position that may need to be bought back." Unofficially, word from Paivis is that these shares should not have been allowed to trade.
Buy-in Possible, Blame Not Yet Assigned The net effect appears to be a sizeable uncovered short position. Paivis claims there are just 56.5 million PAIV shares outstanding, yet total trading volume since last Friday stands at almost three billion shares. Many Ameritrade customers who sold the (admittedly) unrestricted stock issued to them by their broker awoke this morning to find their account locked, a negative balance, with one customer reporting a margin maintenance call of over $1,000,000. That's certainly a hefty penalty for selling a stock that currently trades under a penny per share. The question remains: in this extremely unusual situation, who will be required to repurchase the shares? Today, Ameritrade is informing investors who call that no decision has been made pertaining to a buy-in. Further, if a forced buy-in is required, "investors will be notified." There is no official indication whether TD Ameritrade will repurchase potentially billions of shorted shares on their own, or force their customers to bear the brunt of the loss. With primary blame for this incident not yet assigned, it's anyone's guess.
InfinitiStocks will continue to monitor and report new developments as they occur. Retail investors with written correspondence from their brokers that helps explain this unusual situation are invited to forward it to us at: team-infiniti*infinitistocks.com. Any personal information will remain confidential.
repo your a basher or worse not because your great or something - but you are right about NITE ameritrade is under contract with them and other MM's like UBSS etc. they are thier own entity - but ameritrade may have more influence over one MM as opposed to another.
Posted by dkinvest on :
The saga continues.......................I still hold.
Posted by Repoman75 on :
AMTD does have some influence on NITE because of relationships between the bigwigs going back to the Datek days, you are correct.
And I'm great because my close prediction was right at .006... or even too generous.
Not bashing. Again, I will never buy this stock again (and I can't short it). But I just know how the game is played.
Posted by Repoman75 on :
.0055... game over.
Posted by dkinvest on :
Not by a long shot, Repo.....Take my advice, buy this, buy this now!
Posted by Repoman75 on :
DK, you're treading on thin ice my friend. Did you see CRDM today? Those are the live plays.. of course I missed it, but, need to keep your powder dry and loaded for those occurences...
To each his own. GL.
Posted by dkinvest on :
All of these penny's are like treading on thin ice....short squeeze is coming, and when it comes it will be BIG. Yes, the stock gained 100's of % this week, but that was buying on rumor - News is comming.
The pullback today is a gift, IMO.
Posted by db on :
repo no way --you can't be great when you want to watch people lose money or even hope people lose money - if people think I'm wrong go to raging bull BB and look - this is a person that has not been in this stock for weeks but yet still posts several times a day stating that this is a POS - what is this person doing for a living? (posts during day) - I'm here in this stock with restricted shares and non restricted shares I have money on the line- I make my decision - I will ask you again "why are you posting on this thread?" nobody likes your self indulgence
Posted by db on :
And as far as DD, I was on the phone to ameritrade and scottrade this afternoon and no one would give me a definitive answer on what the SEC requires on a time limit for ameritrade to make good on thier mistake. they did call and say they were wrong but are they going to go public ? nooooo! isn't the SEC federal? if so they work for us the tax payers - I'm going to call tomorrow, all of us should - this is wrong and we not only as share holders, but the ones that give them thier paycheck, have the right to question what is going on - call - put pressure on the situation - it can only help you as a stock holder - we should not be kept in the dark .
Posted by nomed on :
quote:Originally posted by db: repo no way --you can't be great when you want to watch people lose money or even hope people lose money - if people think I'm wrong go to raging bull BB and look - this is a person that has not been in this stock for weeks but yet still posts several times a day stating that this is a POS - what is this person doing for a living? (posts during day) - I'm here in this stock with restricted shares and non restricted shares I have money on the line- I make my decision - I will ask you again "why are you posting on this thread?" nobody likes your self indulgence
(snickers) Damn repo... and here I thought I was the only one who didn't like/trust you... Posted by Chad on :
Ive had JPHC for long time now and knew from way back that these shares would be restricted for 1 to 2 yrs, I think every JPHC shareholder knew that. So those who stayed, stayed not to take loss or enjoy the quick % gain from where they bought at. My scottrade hasnt changed shares yet, but Im almost positive my account in JPHC shares has gone up 300%. Thats the only reason I held on to them. I could be totally wrong in math, but Im pretty sure each share I had in JPHC at merger time became worth .0025. At least I hope!!
Posted by same on :
Do a Paivis SEC Complaint put
That you want the SEC to force Ameritrade to buy back all the May 16, 2006 Illegal Restricted Paivis shares that Ameritrade fraudulently flooded the open market with. Tell the SEC you want them to force Ameritrade to buy back all the Illegal Restricted Shares in one day just as they Ameritrade flooded the open market with these Illegal Restricted Paivis Shares on May 16, 2006. It is very important to request this, if you do not Ameritrade will have at their own discression the time frame to buy those Illegal Restricted Paivis Shares.
Also request from the SEC for Ameritrade to make known the amount of Illegal Restricted Shrares they Ameritrade flooded the open market with on May 16, 2006. We as Legal Paivis shareholders have a right to this information.
Do not let Ameritrade get away with this FRAUD. http://www.sec.gov/complaint/selectconduct.shtml Select this link to file your complaint. Fraudulent or unregistered offer or sale of securities ******************************************************** By: dallas66tx 25 May 2006, 05:21 PM EDT Msg. 54779 of 54798 (Msg. is a reply to 54777 by simont68.) simon:
You and everyone else that uses Ameritrade really need to go to this website and file a complaint. I know a lot of people sold that knew shares were restricted, but Ameritrade KNOWINGLY credited accounts with "phantom" shares, and KNOWINGLY told shareholders the securities were free trade shares, when they in fact knew they were passing false information. Ameritrade should be held accountable for knowingly violating securities laws.
Select this link to file your complaint. Fraudulent or unregistered offer or sale of securities
Be VERY specific. Good luck.
Posted by same on :
A Paivis Share amount request Please
I am trying to find out how many legal Paivis shares are held by our group and others. If you intend on holding for a higher price would you tell me your share amount so we can see what is left of the float. I will post my findings when I get a tally.
Posted by Chad on :
If Im not mistaken, the 20 day avg was said to be just over .01. The split was 4 for 1. Making each share of JPHC worth .0025. am I wrong on this? The only bad point for staying into merger was the restriction. At least thats what I remember the discussions being way back.
Posted by scfraser1 on :
By my math my 1.5 million JPHC shares would be worth $3814 right now. Not bad considering I only spent $600. Oh well, I'll have to wait and see.
Posted by db on :
Chad thats the way I'm looking at it - the higher PAIV shares are, the better we are as stock holders- the people who held on through the merger are better off than selling at .0002
Posted by Chad on :
same, I had 16.3 Million shares of JPHC. good luck on getn the figures.
Posted by Chad on :
I would never have sold, unless I couldve came close to breaing even. I bought at .0006, almost bought more at .0003, but then Id have no money to play with anymore, since I knew of restriction.
But I figured risk was worth reward, cause JPHC holders automatically made big gain after merger. and like u said DB, as long as PAIV maintains its price or goes up, so does our profit.
GO PAIV!!
Posted by scfraser1 on :
Chad your share would be worth over $41,000 right now. Not bad at all.
Posted by Stock Jockey on :
From my coversation with the Paivis represenative; the number of JPHC shares that were reversed was 10 Billion. The current AS is 55 milion and the float is 30 million. With people holding large amounts of PAIV stock.... should TDAmeitrade be forced to cover I see this NEVER being covered. Paivis rep estimated that TDA was short somewhere in between 300-500 million shares minimum.
Posted by Chad on :
scafraser....im not real sure to be honest with ya. I wish I never sold half of my shares at .0004 to jump into another stock though, but oh well...we learn.
How did u come up with that figure by the way?
I divided my shares by 4, to get new total for shares. then Im not sure, do I times them by the current price??
Posted by scfraser1 on :
16,300,00x.46232=7,535,816 shares of PAIV 7,535,816x.0055= $41,446.98
I've read numerous times this is how the conversion will be done. My broker also agreed this is how it will probably be done based on the PR's.
Posted by Chad on :
wow, that twice what i thought. I thought conversion price was gng to be 20 day avg prior to merger, which was just over .01. and then we get 1 PAIV share for every 4 JPHC. Thus making a JPHC share worth .0025 at that time.
was I wrong?
Also, are our new shares now worth the current PAIV price?? its all consfusing.
Posted by Chad on :
guess I'll find out as soon as Scottrade updates account.
Posted by scfraser1 on :
Yes the new shares will be worth the PAIV price. That's the .0055, I think that's what it closed at today. If you multiply your JPHC shares x that .0025 you should get roughly the same number as I got with the conversion rate. It seems like a nice deal to me. Hopefully the PAIV pps will hold up during the restriction.
Posted by Chad on :
hope so scfraser, I also like your price of what Im at. lol That would be big break, considering I lost like 20000 on SFDE bs! well, havent sold, but no way in hell the new stock will ever go up 800% for me to break even. You live, you learn..and Ive learned! lol
Posted by scfraser1 on :
Ouch on that SFDE. I've been hearing some bad stories about that. I almost bought in but stayed away.
Posted by daytrader1 on :
IMO repo is just one of those "told ya this would happen" guy who has no clue what he is talking about. hehe.. repo heard your frpt has been down big these days and you still havent reached $5.00 as per your prediction anyways, back off man.. these guys are losing money and what happiness does that give you as to self assert yourself? and btw FYI repo, i still hold FRPT and am up over 100% .. GLTA and hope this resolves itself good. i might just throw in my $100 tomorrow and see if it goes 1000% Posted by db on :
thank you Same for the info on SEC - everyone should place a complaint - hit dog hollers - everyone knew these were restricted shares - I know people who sold because they knew that they wouldn't be accoutable - what a scam - they sold lower now they have more money cause they sold at a lower price, now it's a higher price ! couldn't lose-- ameritrade is acting like it never happend - no way!
Posted by Chad on :
ur right about price Scfraser, just went back and looked at old threads.... apparently I will have just over 7.5 mil of PAIV now. Thats great news! Now I just hope PAIV goes up or stays same for 2 yrs. I probably will never chase stock, buy into a merger stock, or buy with unsettled funds in hopes of "sure thing" again. Back to gtn stocks that fluctuate and get at the low point and then be patient and wait for it to go up.
Shoulda done with UNCN at .001 and RMDG when I had end of April at .0008. Could make 500% between them in a month. Being impatient cost my thousands in gains and even more in losses.
Paitence and DD, the best advice I can give to anyone, including me. lol
Posted by PCola77 on :
Chad, you're missing one very important thing with all of your calculations, and I'm not bashing, I have 10mil shares of JPHC.
Your conversion was wrong in the first place. It was not 1/4, it was .4623208, which is actually better for us, but that's not the issue. So now I have 4.6million shares of PAIV. The price is now .0055, so on paper my shares are now worth $25,427. The issue that you are forgetting is that the day that the restriction is lifted, you will see the same mass sell-off that we all witnessed on Friday. The price as of close Thursday of PAIV was .01 (or thereabouts) because of the mass sell off, the price gapped down, and I'm pretty sure that you couldn't have sold for any more than .0018 at any point last Friday. So at BEST, you lost 82% of your "paper value" from the previous day. When you take a company that has 56million shares outstanding and suddenly there are hundred of millions more, the supply/demand gets all out of wack.
The one thing that may be beneficial to us as restricted PAIV stock holders is that the company has a year to get to the point where the share price is significantly higher than a penny, so that even with the inevitable sell-off, we still make some money.
What you have to realize is that anyone that has these restricted shares will make money as long as they can sell their PAIV shares for more than (JPHC purchase price)/.4623208. So anyone that bought for, say .0005 will probably sell that day if they can get more than about .001, or a tenth of a penny. So even if the price of PAIV is like $1 a year from now, you would see a VERY small fraction of that when you could actually sell.
I had initially bought JPHC with the thinking that the stock would have to go down by almost 85% in order to not make money, and I didn't think that that would happen. But Friday's events showed me otherwise.
I'm obviously holding at this point (because I have no choice), but we should all realize now that the chances that we made a quick 5-10x profit are pretty slim.
Hopefully I'm wrong, and we won't know for another 12 months, but I'm thinking we basically all got into a situation where our money will be tied up for a year and we're not gonna get much of a return out of it.
Good luck to us all.
Posted by TickTrader on :
quote:Originally posted by Chad: same, I had 16.3 Million shares of JPHC. good luck on getn the figures.
Hey, Chad. Just a bit of friendly advice... when peeps come looking for a share count, that's the time to palm your cards. Especially when a group player comes around. Nothing is ever as it appears.
same, the blame won't be determined by posters on a bb, and the SEC has plenty of complaints to follow up. The SEC is the appropriate place to register individual (not prompted) complaints, even about these 'group players'.
Posted by same on :
Correction May 19, 2006 Paivis SEC Complaint put
I originally stated May 16, it is May 19, 2006
That you want the SEC to force Ameritrade to buy back all the May 16, 2006 Illegal Restricted Paivis shares that Ameritrade fraudulently flooded the open market with. Tell the SEC you want them to force Ameritrade to buy back all the Illegal Restricted Shares in one day just as they Ameritrade flooded the open market with these Illegal Restricted Paivis Shares on May 19, 2006. It is very important to request this, if you do not Ameritrade will have at their own discression the time frame to buy those Illegal Restricted Paivis Shares.
Also request from the SEC for Ameritrade to make known the amount of Illegal Restricted Shrares they Ameritrade flooded the open market with on May 19, 2006. We as Legal Paivis shareholders have a right to this information.
Do not let Ameritrade get away with this FRAUD. http://www.sec.gov/complaint/selectconduct.shtml Select this link to file your complaint. Fraudulent or unregistered offer or sale of securities ******************************************************** By: dallas66tx 25 May 2006, 05:21 PM EDT Msg. 54779 of 54798 (Msg. is a reply to 54777 by simont68.) simon:
You and everyone else that uses Ameritrade really need to go to this website and file a complaint. I know a lot of people sold that knew shares were restricted, but Ameritrade KNOWINGLY credited accounts with "phantom" shares, and KNOWINGLY told shareholders the securities were free trade shares, when they in fact knew they were passing false information. Ameritrade should be held accountable for knowingly violating securities laws.
Select this link to file your complaint. Fraudulent or unregistered offer or sale of securities
Be VERY specific. Good luck.
Posted by same on :
Share request Paivis Legal shares
Recent holdings of Legal Paivis just bought since the name change. Not restricted shares of Paivis.
Posted by skysthelimit on :
TD-Ameritrade and other brokerages are NOT at fault, because it was filed THE WRONG WAY BY JPHC/PAIV: JPHC filed on 5/18(not restricted) then on 5/24(restricted) when THEY CHANGED(Revised) IT LATER!
I got this info. from otcbb.com:
quote: Daily List Search OTHER-OTC / PORTAL SYSTEM CHANGES
SECURITY DELETIONS
05/18/2006 JPHC Jupiter Global Holdings Corp. Common Stock 05/19/2006 Merger with APO Health Inc (0.46232085067036500/sh PAIV for each JPHC share held) **
05/24/2006 JPHC Jupiter Global Holdings Corp. Common Stock 05/19/2006 Revision to the D/L of 5/18/2006; Merger with APO Health Inc (0.46232085067036500/sh RESTRICTED Paivis Inc [symbol PAIV] for each JPHC share held) **
I wrote my congressman once, and actually got a reply -I was told that for everyone who wrote him he said," there was 10,000 other people that felt the way I do but, never write" it was an engaging conversation, maybe the SEC is the same way. Call, give them a chance.
Posted by BuyTex on :
nice post, sky...all falling into place--I never could make sense of it, the way it *was* showing on the dailylist...
Posted by db on :
sky the DEC has already ruled on that - PAIV was correct-the brokers who sold were wrong - thats it period!
Posted by db on :
ameritrade is telling people it was ameritrades fault end of story....
Posted by skysthelimit on :
db, where did you get your information?
Posted by TickTrader on :
Did someone post about the SEC ruling on this? going back for a looksee... one page at a time...
Posted by skysthelimit on :
Did someone post about the SEC ruling on this?
PLEASE POST AGAIN!
Posted by db on :
Sky - called several times and they called me back - if you read my previous posts I was told yesterday that there was no resolution to this - today I was called and told it was thier fault and my account was in order-but,,,, nothing in writing, has anybody seen a PR or an email stating ameritrade was at fault?
Posted by db on :
WE NEED AN SEC RULING SOMEONE NEEDS TO FIND THIS OUT --I called(ameritrade,scottrade) today and nobody wanted to talk about it!
Posted by skysthelimit on :
Thanks db! I have a feeling everything will turn out OK! Posted by TickTrader on :
quote:Originally posted by db: sky the DEC has already ruled on that - PAIV was correct-the brokers who sold were wrong - thats it period!
lol
Well, who's the DEC, anyway? C'mon. You guys want to squeeze Ameritrade now?
Hiya, BuyTex. On the paper trail, there's still a few missing paperwork pieces. The daily listing doesn't get my stick unstuck. Paivis paper trail is not complete.
Posted by skysthelimit on :
Yes Tick, I think there are some mistakes by JPHC/PAIV, And they(JPHC/PAIV) need to be accountable for their mistakes, not TD-Ameritrade. Posted by db on :
no squeeze tick-just telling the way it was told to me - PAIV is not accountable - and I looked into this short thing it may be true--no pump - sky look at all the pr releases PAIV/JPHC gave they were up front - the law is the law , too long has has this happened in pinks I would love to see someone else than a share holder get burned..
Posted by Superbee383 on :
quote:Originally posted by skysthelimit: Yes Tick, I think there are some mistakes by JPHC/PAIV, And they(JPHC/PAIV) need to be accountable for their mistakes, not TD-Ameritrade.
I agree 100%. Mistakes were made, yes. Ameritrade got the wrong information, but they went by information they received. As soon as they realized it, all trading stopped. I have restricted shares in my account at Ameritrade with 2 companies, and believe me, they do NOT let you trade them. I believe that the PAIV/JPHC merger/buy-out.. whatever you want to call it, was not filed properly. Of course the company (PAIV) is going to put the blame elsewhere. Yes, I was upset with TD/A because of the 2.3mill margin call, but like I was told, that wasn't what I'd have owed. Any stock under 5.00 is given a 2.50 margin price. Multiply that by the # of shares, and add on what you actually owe. They operate on what information is given to them. They can't DD every stock from A through Z. I called Tues, Wed, and today. I probably called every hour, and talked to the same person. He called me quite a few times to keep me updated too. If you still are having a problem with Ameritrade, call, and keep your cool. My gosh.. don't you think THEY are having astronomical problems too? They ARE fixing the problems. And in many cases, they are eating some huge losses. I did call/write the SEC and cc'd Ameritrade with the SEC complaint. I also called them and told them I was doing that, which he said was understandable. But they DID fix it.. it DID take time. They didn't just make up their own rules on that stock. They were NOT given the correct information at the correct time.
Posted by TickTrader on :
Well db, now that you mentioned it...
There were a few nuggets of interest in the PRs leading up to May 19, too.
This one... Press Release Source: Paivis, Corp.
Paivis, Corp. (Formerly Known as APO Health, Inc.) Announces Corporate Development Plans and New Ticker Symbol - PAIV Thursday May 18, 4:08 pm ET
ATLANTA, GA--(MARKET WIRE)--May 18, 2006 -- Paivis, Corp. (formerly known as APO Health, Inc.) ("PAIVIS" or the "Company") (OTC BB:APOA.OB - News) today announces corporate development plans, and effective Friday May 19, 2006 Paivis will have a new ticker symbol, (OTC BB:PAIV.OB - News).
... is easy to find at yahoo. I thought it strange at the time because they omitted any mention of share structure/restricted vs not. But stressed the importance of making quick decisions (which maybe weren't too bright). Sorry can't post the link, I'm signed into a paid account there.
Now, my point in mentioning this is twofold. JPHC PRs, dated near the 18th DID state that the restricted status was not official yet. Also, APOA came out with the PR for the restricted divvy paid to APOA shareholders. There's more date convergence on this issue - but my opinion is that the divvy date created part of the problem/confusion. And, NEVER anything PR'd or filed before May 18 about officially restricting JPHC shares.
AND, JPHC shares were never withdrawn from the market and destroyed, never entered a quiet period for accounting.
AND, my dd PC blew up yesterday. Before I can get to the history, I have to clean up years worth of dust bunnies (big as hounds, really) to get the hard drive out!!! Not happy about that.
Posted by TickTrader on :
SuperBee, my compliments. You are the most magnanimous person I have ever had the privelege of meeting online. I know what you have been through over this. Is everything working out okay? Hope we're all around to laugh about this in a year or two!
Posted by TickTrader on :
How was it told db? Who did the telling?
Posted by db on :
Super I disagree, do not think for a moment that ameritrade was innocent-they naked shorted this stock-it is already been proven ameritrade and other brokers were wrong and look at today's trading they influenced MM's to drop it hard !! this is a simple case of screw the little guy give me a break--go ahead everybody believe this was an accident - call the SEC nothing will happen if you don't - you know the SEC doesnt care about penny stocks - but the law is the law - if enough people call they would have to resolve this with a public statement
Posted by db on :
ameritrade wants to bury this.
Posted by TickTrader on :
db, this was no 'accident'. But how about letting the pros unwind the paper trail and see where it leads them. We may still have a few surprises. Not that I want them, this has pushed me over my surprise quota for the year.
File complaints, yes. My complaints may not be yours or others, though. That's how improvements in this system are made, everyone pitching in their point of view.
Posted by db on :
when someone admits they were at fault in a public statement then I will stop accusing those who may be guilty.
Posted by Superbee383 on :
Hey Tick.. thanks for the compliment, and yes.. everything worked out ok. I do hope we can laugh about it in a year! I'm just glad I can breath normally right now without hyperventilating! LOL
db - ok.. when I called on Monday morning, and asked my question about not understanding why I couldn't sell, he said yes, I could. They thought they were getting the shares in that day. They didn't know about the restriction either, so he thought he was doing me a favor by converting my JPHC shares to the correct amount and putting the order in for me. As soon as they realized their mistakes and that our JPHC was restricted, they halted the trading. Yes, they were wrong, but it was a MISTAKE. They didn't sell restricted naked shares knowingly. Shoot.. with a yearly audit by the SEC making sure that every i is dotted, and t is crossed, they aren't going to knowingly do something like that. Mistakes happen, but they ARE fixing their mistakes. As far as the trading today and the MM manipulation.. yeah.. I saw it. I see it in most penny stocks for that matter, but yes, I saw that today.
Posted by Stock Jockey on :
The restricted shares were disclosed in the 8k filed on May 11th 2006 and in every filing that I have looked at..
No mater what people think the pr's may say.... ANY broker that releases shares into the market prior to the certs being delivered restricted or not is IN THE WRONG.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 11, 2006
PAIVIS, CORP. (Exact name of registrant as specified in its charter)
Nevada 00030074 86-0871787 (State or other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
#400 - 3475 Lenox Road, Atlanta Georgia 30326 (Address of principal executive offices) (Zip code)
Registrant’stelephone number, including area code: (404) 601-2885
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry Into Material Definitive Agreement
This Current Report of Form 8-K/A amends the Current Report filed by the Registrant on April 25, 2006. On April 21, 2006, APO Health, Inc., a Nevada corporation (“APO”), entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with APO Health Acquisition Corp, Inc., a Nevada corporation and wholly-owned subsidiary of APO (“APO Acquisition”), and Jupiter Global Holdings, Corp., a Nevada corporation (“Jupiter”). The Merger Agreement provided that upon the terms and subject to the conditions set forth in the Merger Agreement, APO Acquisition will merge with and into Jupiter, with Jupiter being the surviving corporation and a wholly-owned subsidiary of APO.
On May 11, 2006, the above-referenced parties to the Agreement and Plan of Merger consummated the Merger Agreement and the Merger Agreement became effective as of May 11, 2006, the date that the Articles of Merger were accepted for filing by the Nevada Secretary of State. As of May 11, 2006, APO changed its name to PAIVIS, Corp. (“PAIVIS”) and a trading symbol for PAIVIS will be announced shortly.
As of May 11, 2006, each share of Common Stock of Jupiter issued and outstanding immediately prior to the Effective Time of the Merger Agreement was converted into and become a right to receive 0.46232085067036500 of a share of common stock of APO (the “Conversion Price”), and are automatically canceled and retired and cease to exist as of the Effective Time of the Merger.
The Merger Agreement provides that the Shares of Common Stock to be received by Jupiter (now PAIVIS) shareholders will not be registered under the Securities Act of 1933, 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 of 1933, or (ii) PAIVIS receives an opinion of counsel for PAIVIS that an exemption from the registration requirements of the Securities Act is available.
A copy of the Merger Agreement is filed as Exhibit 10.1 to Form 8-K filed by APO on April 25, 2006 and is incorporated by reference herein. The foregoing summary of the Merger Agreement is qualified by the Merger Agreement in its entirety.
Item 2.01 Completion of Acquisition or Disposition of Assets
On May 12, 2006, the Registrant entered into a Stock Purchase Agreement with KJ Ventures, Ltd., which provides for the sale of 3,046,300 shares of the common stock of APO Health, Inc., a New York corporation that was a subsidiary of APO Health, Inc. prior to the Effective Date of the above-described Merger Agreement. KJ Ventures, Ltd., which is an entity controlled and managed by Dr. Jan Stahl, former chief executive officer of the Registrant prior to the consummation of the Merger Agreement, will continue the business operations of APO Health, Inc., a New York corporation, as it existed prior to the Effective Date of the Merger Agreement, although there will be no affiliation between the Registrant and the purchaser of the shares, KJ Ventures, Inc. The consideration in support of the transaction was $1.00, plus the assumption of all of the current contingent and future debts of APO Health, Inc., a New York corporation. A copy of the Stock Purchase Agreement disclosed herein is attached to this Current report as an exhibit.
On May 11, 2006, and pursuant to the consummation of the Merger Agreement, the Registrant will cause to issue 4,623,208,507 Common Shares (the “Shares”) to the shareholders of Jupiter as of the effective date of the Merger Agreement. The Common Shares will be issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On May 11, 2006, the effective date of the Merger Agreement, all of the officers and directors of the Registrant prior to the effective date of the Merger Agreement resigned in each of their respective capacities. Such officers and directors have provided to the Registrant written notices of resignation effective May 11, 2006. Filed as exhibits to this Current Report are copies of all such notices of resignation. All of the directors and officers of the Registrant that have tendered their resignations as such have received copies of this Current Report and have not provided the Registrant with any comments or further information that requires further disclosure by the Registrant.
Item 7.01 Regulation FD Disclosure.
The information set forth under this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act, except as shall be expressly set forth by specific reference in any such filing. Attached hereto as Exhibit 99.1 is a Press Release issued by the Registrant on May 15, 2006 regarding the consummation and effectiveness of the Merger Agreement.
Posted by TickTrader on :
Is Ameritrade trading on PAIV (new buys)? I didn't even check today.
Posted by db on :
super, sorry you got caught up in all of this over all I'm making money on this fiasco-I am just tired of letting MM's or whoever take advantage of the small investor-I will do my best to try and explain to the SEC but, we all know they don't care - has anybody had a positive experience with the SEC? is the SEC corrupt? I think they are influenced.
Posted by DQ. on :
Don't be trading this. I talked to them and they said every one trading this will probably have to pay it back. These shares are restristed unless you are trading APOA shares. Hope this helps.
Posted by TickTrader on :
"...has anybody had a positive experience with the SEC?"
Yes. But don't bother going to them empty-handed.
Stock Jockey, now where have I seen that filing before? Oh yeah, pages and pages of dd and pages and pages of posting and it still says the same thing. Either/or. 50/50. So did the PRs - TBD.
However, the SEC is not responsible for the restricted legend on certs, and SEC filings don't make it happen - that's the transfer agent's business, not the SEC, not the brokers, not the MMs, not the shareholders.
Posted by Superbee383 on :
db, I've been reading this thread since Tues, when I saw my margin call. I saw that alot of people made some fantastic profits.. and congratulations to all of you!! I've dealt with the SEC before, and I believe they are on the up and up, and as strict with the rules as the IRS. The rule breakers, the thieves, the ones who take advantage and walk that thin line between legal/illegal.. in my personal opinion, are the Market Makers. It's ongoing, and I wish something could be done. But what? Maybe if we can figure something out, maybe if we could show actual proof to the SEC.. but how? I just don't know how their manipulation CAN be proved.
Posted by TickTrader on :
Hi DQ, I wouldn't trade on this for anything - not a daytrader, and wouldn't want to waste my free rides. But is it open for trading on the PAIV symbol through Ameritrade, do you know?
Posted by db on :
scary DQ - thats not what I was told but,,,,,,,has this been publicly annouced or any documentation on this matter? no
Posted by db on :
super , I really believe MM's and the SEC are bed fellows. why wouldn't anybody on all the BB's know whats going on ? come on even the government can't keep a secret.
Posted by TickTrader on :
db, part of what DQ says is a matter of fact for any failure to deliver. If you buy, and shares cannot be located by settlement date, you have a 'naked long' position. And retail traders are not short-exempt. The position would have to be liquidated at market price.
Daytraders, in and out in one day, would not encounter that problem. Why do you think daytrading for small gains is encouraged on OTCs? That's how the MMs want it, so they can close their short positions quickly.
I wouldn't even hold this one overnight.
Posted by TickTrader on :
Well, gonna go watch a movie with the kids. Glad things are getting attention (to say the least). Good luck all.
Posted by db on :
Tick not sure what you are saying - a naked long? you can't sell shares without being responsible eventually short or not someone is accountable-day traders selling fictitious shares?maybe
Posted by TickTrader on :
Failures to deliver may result from either a short or a long sale.
A "fail to deliver" occurs when a broker-dealer fails to deliver securities to the party on the other side of the transaction on settlement date. ---------------------------------
th0th had a good example a few pages back - hypothetically 2 buyers, where each buys the entire float. As long as one buyer sells his position before settlement date, the entire float could be delivered to the second buyer. There would be no fail to deliver.
Now, think about all the peeps that are buying PAIV with plans to hold it to artificially drive the pps up. This, in itself, is an illegal activity. It works fine as long as you are not the owner come settlement day. At this point, the buyer is the one with a clock ticking.
Hate to twist anyone's noodle on this, but if you accept the fact that the shares do exist in tradable form, then you must admit that they were legally traded (unrestricted) - which I believe is the case. You cannot have it both ways.
Personally, I think a much easier remedy could have been affected by Paivis - increase the float to accommodate these errant shares and allow for a more controlled recovery. But hey, I don't have all the facts, and what do I know anyway?
Now can you see why MMs are not happy about long-term holders?
Posted by MakeMoney on :
Holding shares and as a result increasing demand is what the game is all about. How is it illegal to hold shares to push the PPS? Its not, thats what you do with any trade. You hold your shares until somebody wants them bad enough to pay(hopefully) what your asking.
quote:Originally posted by TickTrader: Now, think about all the peeps that are buying PAIV with plans to hold it to artificially drive the pps up. This, in itself, is an illegal activity.
Posted by TickTrader on :
MakeMoney, holding 'naked positions' to manipulate the market is illegal. Do you think those errant shares are going to be available on YOUR settlement date? There's your risk. You will need to shift your position to someone else - same as the market makers do with 'naked short positions'.
There are penalties to brokers, which funnel down to the shareholders via margin calls, etc. Read the SEC Q&A page for the proper terminology.
Posted by theExposed on :
Superbee:
I am really glad that things worked out for you on Ameritrade. When I saw that you had over a 2 mil Maintenance call from Ameritrade I really freaked out for you, but I was in the same boat. I wake up, get my coffee, turn om computer, log on to ameritrade and y account was froze and I had a 3.3 mil Maintence call from Ameritrade. My ears got red, my brains turned to mush I couldn't think, I paced for days and went thru bags and bags of Sunflower seeds like a "crack parrot on steriods." Long story short as most would say, I picked up my pieces, pulled myself together, called Ameritrade and worked it all out. Needless to say it was a great learning experience, seasoned traders capitalized like they knew how (Congrats)unfortunately at the expense of the learning group, But that's the way the game is played. Always do you "DUE DILIGENCE" GLTA, my 2 cents have a GREAT day, I'm headed back to my pirch and i'll be watching from the sidelines.
Posted by same on :
File a Paivis SEC Complaint, Very Important
That you ask for.
That you want the SEC to force Ameritrade to buy back all the May 19, 2006 Illegal Restricted Paivis shares that Ameritrade fraudulently flooded the open market with. Tell the SEC you want them to force Ameritrade to buy back all the Illegal Restricted Shares in one day just as they Ameritrade flooded the open market with these Illegal Restricted Paivis Shares on May 19, 2006. It is very important to request this, if you do not Ameritrade will have at their own discression the time frame to buy those Illegal Restricted Paivis Shares.
Also request from the SEC for Ameritrade to make known the amount of Illegal Restricted Shrares they Ameritrade flooded the open market with on May 19, 2006. We as Legal Paivis shareholders have a right to this information. There may be 3 Billion NSS Paivis Shares by Ameritrade. If Ameritrade is told by the SEC to buy all those shares back in One Day look out we will have a huge SP increase.
Do not let Ameritrade get away with this FRAUD. http://www.sec.gov/complaint/selectconduct.shtml Select this link to file your complaint. Fraudulent or unregistered offer or sale of securities ******************************************************** By: dallas66tx 25 May 2006, 05:21 PM EDT Msg. 54779 of 54798 (Msg. is a reply to 54777 by simont68.) simon:
You and everyone else that uses Ameritrade really need to go to this website and file a complaint. I know a lot of people sold that knew shares were restricted, but Ameritrade KNOWINGLY credited accounts with "phantom" shares, and KNOWINGLY told shareholders the securities were free trade shares, when they in fact knew they were passing false information. Ameritrade should be held accountable for knowingly violating securities laws.
LOL Exposed, I loved your bird/sunflower seed description. I'm glad your problem got straightened out too! Yes, it definitely was a learning experience. It was such a GOOD lesson, that I definitely will never need a refresher course! Ameritrade is fixing the MISTAKES made, and I will NEVER believe that they 'Knowingly' told shareholders that the securities were free to trade. You know how it goes.. information starts at the top.. trickles down through everyone involved, until it hits the brokerage firms. They aren't the first to find out the information on what a company is going, or not going, to do. They're the last, and it depends on the company, Tfr agnt, everyone involved, to get that information to the brokerage firms in a timely manner.
Posted by Repoman75 on :
Nobody listens.. ho hum, lose your azzes.
And daytrader, FRPT is up from $3.30, my buy. Iraqi contracts on 31st.
Posted by Repoman75 on :
What? No bashing of me? Too busy calculating your losses?
Look at NITE slowly picking up shares for AMTD on the bid.. they will do this for weeks... no rush, no margin calls for brokers.
Big boys -1 , Bagholders - 0.
Posted by db on :
I have filed a formal complaint on this issue to the SEC - everyone involved should - otherwise we may never know.
Posted by nomed on :
quote:Originally posted by Repoman75: What? No bashing of me? Too busy calculating your losses?
Look at NITE slowly picking up shares for AMTD on the bid.. they will do this for weeks... no rush, no margin calls for brokers.
Big boys -1 , Bagholders - 0.
HI REPO!! Ya really need to get a life/job/hobbie... Posted by Repoman75 on :
Nomed, you will need 3 jobs if you continue to hold this POS.
Posted by dkinvest on :
Low volume today....people are holding.
Posted by nomed on :
quote:Originally posted by Repoman75: Nomed, you will need 3 jobs if you continue to hold this POS.
Not really, I make good money at my one job. I only trade with what I can afford, and only part-time. By your own words you donn't have any shares of this stock. Sooooo your here to bash... Be careful though, get too frisky and Bob will send his henchmen for ya.. Posted by Repoman75 on :
Yep. I'm here to warn about scam stocks. I'm better than Batman in protecting the innocent.
Posted by traderofcents on :
Previously By Repoman75: "Yep. I'm here to warn about scam stocks. I'm better than Batman in protecting the innocent." Posing to be batman, Actually the JOKER
Posted by dkinvest on :
Posted by nomed on :
Well since everyone is "beatin around the bush", I will say it..Repo- bashers don't last long here. Good thing too... this is Allstocks not RB. I like this board, the way it is...leave. I like askin a question and not being put down, and the advice of its members, the jokes, banter and fun. You disrupt that.. to me it was funny at first, but now...
Just pack you a** in a bag and go far, far away.
Posted by nomed on :
quote:Originally posted by Repoman75: Nobody listens.. ho hum, lose your azzes.
And daytrader, FRPT is up from $3.30, my buy. Iraqi contracts on 31st.
Seems to me we are back at .0056. ho hum lose my azz? still in at .0055, why? , because we are going back up...and on a personal note: You suck as a basher--- How much are you paid? I would do so much better than you...IF I was that worthless that is... Posted by same on :
I have learned that posters who constantly Post
Post afte post Either here or other Boards are real JERKS.
Posted by db on :
not a bad end for the day - anybody else contact the SEC? if they send me any info I will post it here.
Posted by same on :
Law goes after Naked Short Sellers
It is about time someone has stepped in to stop this Illegal Naked Shorting.
Not a bad start. I hope it causes a big stink.
Posted by 4Tune4Me on :
It's the tip, wait till the the major news services pick it up. Let' hope it's not squashed.
Posted by narbeh on :
havent been around a while... so this merger is actually going to benefit us, correct? i did the calculation, basically a 150% gain for me with my shares transferring from JPHC to PAIV. am i missing something here? anybody dumping as soon as the transition is done? or is it better to hang onto it? if so, long term or short? somebody PM me in response please. thanks
Posted by alwaysup on :
Narbeh, You HAVE been away for a while! I don't know where you bought in at JPHC but the tracsaction is at .46232 PAIV shares to 1 JPHC share. I bought JPHC at .0001, so that's a lot more ta=han 150%. Now the bad news. These shares are RESTRICTED meanin gthat they can't be sold for at least the next year. Some of the brokerages royally screwed this up and ollowed their customers to sell. So we'll see where it goes from here. MY best advise to you is if you have been away for a while, go away for a while again and let this cluster#$%^# get straightened out. Then you robably made some $. Have a good day and stay green.
Posted by pepsiman on :
hey always any comments on this mornigs direction?
Posted by Repoman75 on :
Yep...smell worse than my turd I just flushed.
Posted by nomed on :
Very nice post Repo.. looks like we are going back up.
Posted by db on :
MM's keep trying to bring this down but,no sells,and they still need lots of shares - PAIV has to be concerned about all of this (they should release a PR) also people have been contacting the SEC making complaints. Something has got to give.
Posted by db on :
oh yea! looking good .0067
Posted by Repoman75 on :
Getting ready to short 1 million shares at .007
Posted by db on :
MM's testing the market with a little run - looks like someone is getting desperate. they must really need shares.
Posted by db on :
PAIV is now on reg SHO list - now all short will have to cover !
Posted by PCola77 on :
So how many are still in this one? I kept a little chunk just to see how it plays out.
Everyone else move on?
Posted by db on :
There's alot of people watching this stock waiting to see what is going to happen - with PAIV on the SHO list and it's well known that this stock has been and still is massively shorted more so since ameritrade and others allowed the sale of restricted shares.The problem for the shorts (ameritrade etc.)is they have to make good within a time frame and the shares are not there for them to cover,so whats going to happen? MM's have tried to drive this down hard but can't keep it down - this stock is a big gamble because nobody can figure out what the true numbers are but if (big IF) this pays out people who got in at these prices could make a nice profit.
a PAVIS pr some ruling by SEC
people might be chasing this one !
I'm holding and this would be a good one to keep on the radar if you don't have shares.
just my opinion
Posted by Browndog on :
Has anyone received their restricted PAIV shares yet from the merger? Ameritrade is still just showing N/A with a value of 0. Thought I might have seen them by now.
Posted by nomed on :
quote:Originally posted by Browndog: Has anyone received their restricted PAIV shares yet from the merger? Ameritrade is still just showing N/A with a value of 0. Thought I might have seen them by now.
Nope, none here with Scottrade.. I thought I read it might be 10-14 days now..
Posted by nomed on :
-------------------------------------------------------------------------------- There's alot of people watching this stock waiting to see what is going to happen - with PAIV on the SHO list and it's well known that this stock has been and still is massively shorted more so since ameritrade and others allowed the sale of restricted shares.The problem for the shorts (ameritrade etc.)is they have to make good within a time frame and the shares are not there for them to cover,so whats going to happen? MM's have tried to drive this down hard but can't keep it down - this stock is a big gamble because nobody can figure out what the true numbers are but if (big IF) this pays out people who got in at these prices could make a nice profit.
I agree. Price seems to dip, then move above /match its EOD. MM's are lokin for sellers...
Posted by db on :
I was told scottrade will probably mail certs to share holders,until restriction is lifted because they won't list restricted shares on the home page (positions)- ameritrade ? who knows
Posted by db on :
hey nomed, wheres repo? he's not bashing today,probably alittle ill with this on SHO list. lol the crap crusader
Posted by nomed on :
quote:Originally posted by db: I was told scottrade will probably mail certs to share holders,until restriction is lifted because they won't list restricted shares on the home page (positions)- ameritrade ? who knows
Really? News to me, half to keep a eye on my mail. I will see what ST says.. holdin certs the whole restriction??? Damn, thats like work... Posted by db on :
just contacted scottrade again and they stated that no new details on changing JPHC to restricted PAIV but certs are an option - of course unrestricted shares of PAIV show up normal.
Posted by smoke420247 on :
Up another 10% today, some nice accumalation going on here. If we can break .007. Posted by cowlowski on :
I called scottrade today and was told they still do not have a date the shares will convert? wtf...I guess I can be patient since it will be a year before I can sell. Has anyone with a different broker had their shares show up in the account?
Posted by nomed on :
quote:Originally posted by cowlowski: I called scottrade today and was told they still do not have a date the shares will convert? wtf...I guess I can be patient since it will be a year before I can sell. Has anyone with a different broker had their shares show up in the account?
Well, as far as Scottrade goes, my VXBX shares still show no ticker(VXBX), and no price. I got them some time ago... but being restricted shares..the same thing will likely happen with PAIV..
Posted by PCola77 on :
Just spiked up 35% to .7. Anyone have any clue why the sudden jump?
Posted by alwaysup on :
I spoke to E trade today. They still do not have the converted shares. The told me however, when they come in and are processed, My symbol will not be displayed until the restrictionis lifted. But the # of shares will change to the adjusted amount of 1 for .46323. they also told me that they will mail certs to me if I request them.
Posted by Volatile Puppy on :
I spoke with PAIV about a week ago and they said the restriction on the conversion will last 1 year(no sells during the year), and then partially restricted for another year(only partial sells allowed). Didnt know if yall already knew that. I held 218K shares of jphc before the merger. Does anyone know when the shares are going to be issued? The lady at PAIV said "the trades currently occuring are going to have to be reversed??? because the company hasnt issued the shares yet." Anyone know what this means?
Posted by PCola77 on :
I actually called PAIV yesterday to see if there was any news.
I'll paraphrase to the best of my recollection.
Me: "I was just calling to see if there has been any update on the situation with Ameritrade selling restricted shares."
Him: "As a company we just have to let it play out. At this point it's between Ameritrade and their clients."
Me: "So basically because of an error by Ameritrade your company is now worth approximately 50% of what it was worth befroe the mistake, and you can't really do anythign about it?"
Him: "Well the SEC is aware of the situation, and I can't get into any more detail without risking getting into trouble for market manipulation."
Me: "Okaym well can you give me some more detail on the restriction period, whether it's one year from when I bought JPHC or 1 year from the conversion which was I think May 18th, or some other date?"
Him: "The restriction is 1 year from the issuance of the restricted shares by the Tranfer Agent."
Me: "Has that happened yet?"
Him: "I'm not 100% sure. I know the instructions were sent from the TA to the brokers, but I'm not sure if any shares were sent yet."
Not sure if this helps anyone in any way, but I just wanted to put it out there.
Posted by Volatile Puppy on :
Thanks PCola. Basically sounds like they are as confused as we are. Is PCola short for Pensacola?
Posted by PCola77 on :
Nope, first initial, Last name. I get that all the time. I'm in PA, slightly different than Florida, and probably not in a good way Posted by no_patience on :
quote:Originally posted by PCola77: Nope, first initial, Last name. I get that all the time. I'm in PA, slightly different than Florida, and probably not in a good way
Hey, your get asked that a lot. Maybe you need a vacation? Bet you might like the beach in Pensacola FL, affectionately know as 'Pcola.' I used to live there some time ago.
Posted by Volatile Puppy on :
me too. LOVE Pensacola!!!!!!
Posted by same on :
Ameritrade and Paivis
Has anyone any e-mails or phone calls with a name from Ameritrade as to what the outcome of this mess going on with the restricted Paivis shares they put on the open market.I would like to speak to someone there at Ameritrade that knows what is going on. Any help is appreciated.
Posted by same on :
Contacting Ameritrade
Has anyone had any luck in finding out what Ameritrade is doing about correcting the mess they got us in with the restricted Paivis shares. I am tired of messages never being answered. Thanks
Posted by pay up on :
Pcola, you were told
"The restriction is 1 year from the issuance of the restricted shares by the Tranfer Agent."
Well then they will be restricted more than a year. It's been almost a month now since the merger. That means they can stretch this thing out even further. That doesn't sound fare to me.
Posted by alwaysup on :
I spoke to E Trade about this and I was told they were to be restricted from one year from the date which JPHC ticker was frozen. However then I will have to file some paperwork (for $150) before I will be allowed to sell. they said that usually takes 45-60 days. P S Good morning and stay green
Posted by same on :
Ameritrade the latest Information
This is what I found out so far trying to finding out what is going on with Paivis Shares, can anyone confirm this. Has anyone seen a difference in their Ameritrade Account.
There are no restricted shares currently being traded. TD AMERITRADE either bought back shares traded on the open market, or required clients to buy back shares that were not authorized to be trading.
Thanks
Posted by Repoman75 on :
You're right same. That's why the whole notion of a short squeeze is BS. Watch this tank.
Posted by gammatheta on :
I got copied with a letter from Ameritrade to the SEC after I filed a complaint. It basically said that Ameritrade had fixed the problem and that the original shares were put back into my account. They had reversed the trades. I filed it away for future reference if I need it but I feel confident that this is resolved. for now......
Posted by amswap on :
I forgot all about this until I was looking at my list of stocks. I had even forgotten what JPHC had changed to. Shows you what its worth. NOTHING. And wqon't be anytime soon. They played us like a fiddle and we all lose.
Posted by MoneyMoneyMoney on :
They didn't reverse my shares that I bought and profited from. I played the fiddle and made over 100's of %.
Good luck to you all in the future with restricted shares.
Posted by NomarKash on :
Do we really have to do all the work mentioned in the June 29th PR or will Scottrade do it automatically for me?
Posted by ArmySGT on :
About Solar EnerTech Corp. (SOEN.OB) Solar EnerTech is a photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China where the Company is establishing a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park. Solar EnerTech plans to invest in PV cell research to develop higher efficiency cells and put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company's R&D program will work to bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
On Behalf of the Board Solar EnerTech Corp.
Leo Shi Young, President
Investor Relations Contact Boundary Point Investor Relations Inc.
Frontier Oil Corporation (FOC), an energy company, engages in crude oil refining and the wholesale marketing of refined petroleum products. The company purchases crude oil to be refined and markets the refined petroleum products, including various grades of gasoline, diesel fuel, jet fuel, asphalt, chemicals, and petroleum coke. It operates refineries in Cheyenne, Wyoming and El Dorado, Kansas. The gasoline and diesel produced by Cheyenne refinery are primarily shipped via pipeline to terminals for distribution by truck or rail. The pipeline shipments from the Cheyenne refinery are handled mainly by the Kaneb pipeline, serving Denver and Colorado Springs, Colorado; and the ConocoPhillips pipeline, serving Sidney, Nebraska. The primary markets for the El Dorado refinery's refined products are Colorado and the Plains States, which include the Kansas City metropolitan area. The gasoline, diesel, and jet fuel produced by this refinery are primarily shipped via pipeline to terminals for distribution by truck or rail. The Kaneb pipeline serves the northern Plains States; the Magellan pipeline Denver, Colorado; and the Magellan pipeline serves Kansas City and Carthage, Missouri and Des Moines, Iowa. FOC also owns FGI, LLC, an asphalt terminal and storage facility in Grand Island, Nebraska. Frontier Oil, formerly known as Wainoco Oil Corporation, was incorporated in 1949 and is headquartered in Houston, Texas.
AmeriResource Technologies, Inc., through its subsidiaries, operates online auction drop-off locations that provide the general public to sell items on eBay. It provides software design and product development for businesses that sells items on eBay. AmeriResource also offers software and hardware system, and self-serve system called Point of Sales, which offers integrated system, including restaurant management tools/menus that offer various reports for inventory and labor control. The company was incorporated in 1989 as KLH Engineering Group, Inc. and changed its name to AmeriResource Technologies, Inc. in 1996. AmeriResource is based in Las Vegas, Nevada.
Seamless Wi-Fi, Inc. (Seamless) provides wireless communications products and services primarily in the United States. The company, through Seamless Peer 2 Peer, develops Phenom Encryption Software, which enables secure communications over wireless fidelity (Wi-Fi), local area networks, and wide area networks with its virtual Internet extranet network technology. The software provides secure peer mail, chat, file transfer, and remote personal computer access in a two-megabyte download; and its application protocol interface also supports voice-over Internet protocol, video voice conferencing, and white boarding. Seamless, through Seamless Skyy-Fi, Inc., provides wireless data, voice, and video communication primarily for hotels, restaurants, coffee houses, and cafes. The company was formerly known as Internet Business's International, Inc. and changed its name to Alpha Wireless Broadband, Inc. in September 2004; and then to Seamless Wi-Fi, Inc. in June 2005. Seamless is based in Las Vegas, Nevada.
Paivis, Corp., through its subsidiary, distributes medical, dental, and health and beauty aids products to dental and medical professionals and wholesalers in the United States. The company was formerly known as APO Health, Inc. and changed its name to Paivis Corp. in May 2006. Paivis is based in Atlanta, Georgia.
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May want to wait Hannibull, Ameritrade may come callin!!! ![[Eek!]](eek.gif)
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