Looks like they got sick of their old transfer agent screwing everything up.
Hopefully this means I'll get my restricted shares of PAVC from when I had JPHC at some point before hell freezes over.
Posted by Jo4321 on :
Hmmmm, now I guess I gotta start bugging that TA for the round-up shares.
Jo
Posted by stocktrader2006 on :
'bout friggin time Posted by wildweb on :
"some point before hell freezes over."
Ya right :-)
Posted by NEL on :
Hey, I just noticed these 2 items in my trading history and now my accounts show zero shares? Any thoughts? I have a message in to my broker (Fidelity) for more info.
01/30/2007 TENDERED TEX PAYOUT 6957939P6 6957939X9 PAIVIS CORP COM (OK TO RELEASE NAME) FR Cash Shares: -XX
01/26/2007 TENDERED TEX PAYOUT 48205X109 48205X992 JUPITER GLOBAL HLDGS CORP (CONSENT TO R Cash Shares: -X,XXX,XXX
Posted by NEL on :
I think the first one is the round up shares, though no new ones show up yet
01/30/2007 TENDERED TEX PAYOUT 6957939P6 6957939X9 PAIVIS CORP COM (OK TO RELEASE NAME) FR Cash Shares: -XX
Not sure about the 2nd one?
Posted by NEL on :
Someone at IH UB posted the following:
Thought the members would like to read an explanation I received from my Fidelity agent:
Due to the merger between Jupiter Global Holdings and Pavis Corporation, on January 26, 2007 Fidelity removed the shares of Jupiter Global Holdings from your accounts. These shares were turned in to the transfer agent for Pavis Corporation. The terms of the merger of Jupiter Global Holdings and Pavis Corporation will give shareholders 0.462320850 shares of Pavis for each share of Jupiter Global.
The shares will be restricted shares and certificates will be mailed directly to you rather than to Fidelity for deposit to your accounts. As of January 30, 2007 it is unclear if the certificates will be eligible to deposit to your Fidelity accounts. If you have additional questions about this merger you may call the transfer agent at 313-783-9055, or Mr. Glenn Liddell with Pavis Corporation at 800-963-6471.
Rule 144 is a Securities and Exchange Commission (SEC) 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.
If you have any other questions or comments, please send us another message at any time. We know you have a choice when it comes to investment companies, and we appreciate that you have selected Fidelity.
Posted by NEL on :
OK, so I found out Fidelity no longer holds my shares for me except for the very few I bought after the merger, etc. So today I'm showing 77% gain! So who's got my shares and how can I sell them at $1.35. Guess I've got to make some phone calls.
Posted by Hannibull on :
I guess we won't see those 99 round up shares huh, not that it's worth anything now anyway lol
Posted by HurricaneBob on :
hey P, just hoping to get my originals same as you...hopefully by derby for the may 11 selloff
Posted by NEL on :
I got the round up shares but they weren't released to Fidelity they went back to PAVC for certs? Rip off...
Posted by Doctoall on :
Bump
Posted by RL on :
I haven't received anything yet. I wasn't in real heavy, but buy my numbers, I should have a couple of hundred shares. Who do I call to check on it? I can't seem to get through to a transfer agent and they don't return calls.
Posted by Gary59 on :
Heres the last reply I got from scottrade: Dear Client:
Thank you for your email. December 2006 The transfer agent for Paivis Corp. changed. Due to this change, the exchange of shares, and delivery to shareholders are delayed. Please refer to the news link below for further details. Scottrade has turned the shares over to the correct transfer agent, but do to the change their may be some confusion on there end. We apologize for the inconvenience.
Please let us know if you may have further questions
Same responce for a year now
Posted by PCola77 on :
Jesus, I hate when e-mails from supposedly well-respected companies have stuff like this:
"do to the change their may be some confusion on there end"
How about "DUE to the change, THERE may be some confusion on THEIR end."
No one cares about not looking like a retard anymore. It's one thing to have typos and misspellings on a message board, or an informal e-mail, but that is a professional correspondence, have some class.
Posted by stocktrader2006 on :
Amen to that!
Posted by xray44b9 on :
"do to the change their may be some confusion on there end"
That's more than just typos and misspellings, that's a learning disability in action. That person needs serious help.
Posted by stocktrader2006 on :
That person might wear a helmet and could of rode the short bus to school.
Posted by PCola77 on :
Could HAVE!!!
quote:Originally posted by stocktrader2006: That person might wear a helmet and could of rode the short bus to school.
Posted by Chad on :
does anyone have any phone numbers for the latest transfer agent?
I wrote this # down awhile back but am not sure where i got it from: 1-800-963-6471. Corp.Stock Transfer Inc.
Does Paivis itself have a number we can call on info for the Jupiter/Paivis shares?
any help is appreciated. thx!
Posted by EverGreen on :
after a year i received a note from my bank that i will receive by MAIL my certificates of PAIVIS (final term 04-25)
They are restricted so i give up (even virtually are $4600 i don't know what i can do with them!!!)
Posted by PCola77 on :
Wow, that's a start at least. I moved since last May, I bet mine are delayed even more since I have a different address now...
Posted by Gary59 on :
Just saw my shares are showing in my gainskeeper heading in scottrade but not on regular ticker and the 500k share that I had are new at 1150 shares after split... and at 1.00 per share BUT still can trade and dont have certs.. But they are there ,,,,,,somewhere..
Posted by EverGreen on :
LOL imagine if i have also to pay the mailing cost to Switzerland
quote:Originally posted by PCola77: Wow, that's a start at least. I moved since last May, I bet mine are delayed even more since I have a different address now...
Posted by Hannibull on :
just got my round up shares through TDA, hooray $86 lol they don't show up in my other accounts though (overseas accounts) anyone else?
Posted by Impat on :
Do you know when next Financials will be released?
Posted by stocktrader2006 on :
Has anyone received their stock certificate for PAVC shares from the JPHC merger?
Scottrade supposedly sent my JPHC stock certificate to the T/A last August and they said that the T/A will send the converted share PAVC stock cert to my home address.
As of today this has not happened.
Although, my Gainskeeper is showing the converted JPHC shares to PAVC shares, but does not show PAVC shares in my "Positions" Does this mean the T/A sent my PAVC share cert to Scottrade?
WTF?
This is confusing as hell.
Posted by Gary59 on :
Im in the same boat as you and according to scottrade until you recieve the certs and turn them in to scottrade (with a $50 filling fee) they are still with TA and in cert form...And still have not heard from T/A
Posted by stocktrader2006 on :
I called 1 800 963 6471 and had to leave a message. Have you talked to them at this #?
Posted by Gary59 on :
No havent got them, but emails and calls to-from scottrade are the confirmation I have
Posted by stocktrader2006 on :
thanks.
Posted by Impat on :
Seems lot of people got their rounded shares. All 100 sh sold...Is it a good sign? I still not got mine and still no additional NR. grrrrrrrrrrrr
Posted by Jo4321 on :
I'm still waiting for my "round-up" shares.
Not holding my breath.
Another scam I stupidly fell into.
Jo
Posted by Jo4321 on :
I can't believe it. I actually got the round-up shares!
$74.00! LOL
Jo
Posted by Igor R on :
Anyone with etrade get their round up shares?
Posted by Igor R on :
^^^ Bump for the Q
Posted by Jo4321 on :
Paivis, Corp. Provides Update on Stock Transfer Agent Transition
Last update: 5/8/2007 1:27:30 PMATLANTA, May 08, 2007 (BUSINESS WIRE) -- Paivis, Corp. (Paivis or the Company) (PAVC) is updating its shareholders on certain corporate activities and developments related to its continuing efforts to take remedial action against its former stock transfer agent and to enable the new stock transfer agent to commence agency activities on the Company's behalf.
The Company has completed its transition to the new transfer agent, Corporate Stock Transfer, Denver, Colorado; they are now able to fully commence agency activities on the Company's behalf and already have done so. Paivis' new stock-transfer agent has confirmed to the Company that it has obtained all necessary stock-transfer records. The new stock transfer agent has also made significant headway in clearing up the issues at hand and will deal with any additional issues as they arise; management anticipates that the delays and confusion that the Company's shareholders have experienced since its merger with Jupiter Global Holdings Corp. (Jupiter) should be alleviated within the next 10 business days.
Specifically, Paivis' management requests that the former shareholders of Jupiter notify their broker-dealer to contact Corporate Stock Transfer, the new stock transfer agent, to aid in expediting the delivery of their replacement Paivis certificates.
A number of broker-dealers have not yet contacted the new transfer agent despite communication that has been made on behalf of the Company. Any further delays in communication and cooperation from the broker-dealers representing Jupiter shareholders may result in additional setbacks in issuing replacement Paivis shares to the shareholders of those broker-dealers.
The Company is working closely to execute all open matters related to the issuance of certificates and expects the process to be completed within the next 10 business days. Shares of the Company's common stock issued and delivered after December 29, 2006 counter-signed by Executive Registrar are deemed to be unauthorized and will be canceled when presented to the new stock transfer agent, as that is the effective date of termination of Executive Registrar as the Company's agent. This does not mean the Company's shareholders will not receive all shares they are entitled to; rather it means that the Company's terminated stock transfer agent had no legal authority to issue shares after December 29, 2006.
The Company wishes to thank all of its shareholders for their patience and understanding, and it will continue to serve its shareholders with the same diligence it has used to remedy these problems. Management has determined that the issues that have arisen from the Company's former stock transfer agent required aggressive corrective measures in order to protect the integrity of its stock transfer and issuance records. Management looks forward to aggressively move the Company ahead on its corporate and operational goals for the benefit of the Corporation and in adding value for its shareholders.
Posted by Gary59 on :
I still have not recieved shares but something is up reg share price is going down now at .55 x .60
Posted by Jo4321 on :
Probably just as more people receive their shares, they go ahead and immediately sell them.
(which is what I SHOULD have done)
Jo
Posted by EverGreen on :
Paivis shares are physically delivered and are restricted
Maybe they are selling the round up shares
quote:Originally posted by Jo4321: Probably just as more people receive their shares, they go ahead and immediately sell them.
(which is what I SHOULD have done)
Jo
Posted by PCola77 on :
That's what she's saying EverGreen.
Anyone get their restricted shares yet? I have not.
Posted by Jo4321 on :
yeah, that's what I meant, the round-up shares.
Jo
Posted by Gary59 on :
I have still been trying to get information on the certs and left messages but nothing yet ..
Posted by PCola77 on :
Woo hoo, it's up 80% today. Now only down like 99.999999999% since the fall
Still no restricted share certificate for me...
Posted by metal1 on :
just got my shares yesterday. they are restricted so i need to fill out some forms before i can sell them. it was so long ago i totally forgot i had those coming. LOL.
05/22/2007 2057.0000 PAVC PAIVIS CORPORATION NEW type: SHRS.RECEIVED-IN
Posted by PCola77 on :
You get them as hard copies, or with a broker? If a broker, which one?
Thanks!
Posted by metal1 on :
in my account with instuction to contact the restricted stock dept ( and fill out and mail some forms) if i want to sell them. i haven't contacted the restricted stock Dept yet so i'm not sure if i really can sell them or not. though Schwab.
Posted by PCola77 on :
Cool. Hope it works out!
Posted by BLACKBEARD on :
no converted jphc/paiv shares here yet
Posted by no_patience on :
Gentlemen,
It been a while. I am waiting for my boatload of restricted shares too. What a fiasco.
Posted by metal1 on :
quote:Originally posted by metal1: in my account with instuction to contact the restricted stock dept ( and fill out and mail some forms) if i want to sell them. i haven't contacted the restricted stock Dept yet so i'm not sure if i really can sell them or not. though Schwab.
so i contacted the rest stock dept and they normally don't even accept restricted stock under $1 but it made it to my account anyways. no, i can't sell it because yes, they are unregistered. they said i could possibly get a determination letter from the company. that could be a waste of time and the shares may never be registered anyways. i guess i'll just let them sit in my account just in case they ever register the shares. highly unlikely. it's only $1000 worth of stock anyways so oh well
Posted by PCola77 on :
Anyone have any updates on this one? Price has steadily gone up from like .28 last week to $1.24 right now. The high was a split-adjusted $57, so this is still down a ton, but I can't figure out why it would be RISING, when all indications are that restricted shares will be able to be sold soon, and the market should be flooded with new shares at that point. Just can't get my hands around why this would be up like 400% in the last week.
Anyone with any ideas?
FWIW, I still haven't gotten my restricted shares.
Posted by Jo4321 on :
Because I sold it.
Posted by Igor R on :
Yea me too. I finally got my round up shares and sold them for .65, and course its doubled since then.
Posted by PCola77 on :
Well, I now have like $30,000 worth of restricted shares, so Igor, if I can sell them anywhere near this price, I'll send you a check for $65 so you don't feel so bad Posted by no_patience on :
Question - Which transfer agent can I call to make sure I am on the list. no patience has no more.
Posted by no_patience on :
Wait my bad. I jost spoke to Diane at the Denver corp Stock company who said that the Ameritrade stuff should process by this Friday.
It only took 5 minutes on the phone! (This time) (303) 282-4800
Goto wait and see what happens. It has been about a year, how long were these restricted for?
Posted by PCola77 on :
I thikn the ruls is after 1 year you have to fill out some forms and pay your broker like $250 to file them, or wait 2 years and they become free trading. Don't quote me on that, but I think that's what it is./ And it's been over a year now, so I thikn as soon as you get them you can start the paperwork to get them free tarding. That's what I'm trying to get accomplished (well, that's what I'll be trying to do next week when i have some free time)
Posted by Gary59 on :
I Just called to check on my shares and the # 303-282-4800 is not in service..
Posted by no_patience on :
quote:Originally posted by Gary59: I Just called to check on my shares and the # 303-282-4800 is not in service..
Hey, I just tried again from FL and they were there ....
Posted by PCola77 on :
I tried again and it went through I spoke to Diane as well and since I am with Scottrade they sent those shares direct to Scottrade last week so now it is up to Scottrade to put the shares back into my acc. I also asked Diane ifthe shares will be restricted and if so how much longer her reply was it will all be up to Scottrade as to how and when they release my shares to me. And she said something that they will be under a rule #144 regulation about how they will be traded, Now I need to call Scottrade and find out what rule #144 is as well.. Well its getting a little more like we might see some shares come back...
Posted by Gary59 on :
Well if I get my shares I will get back 1155 shares after the 500k shares that I had for $509.00 invested IF I could trade today would be $1420.00 BUT still dont have shares to sell...
Posted by metal1 on :
so has anyone been able to sell their restricted shares?
Posted by Gary59 on :
Here is my response from Scottrade about PAVC shares..
Dear Client: Thank you for your email. The certificates for shares of PAVC were finally delivered this week to Scottrade. It still may take a few weeks for us to sort out the shares and mail them out to clients.
We thank you for your patience.
Please let us know if we can be of further assistance.
Sincerely,
Carlton H.
Scottrade Financial Services, Inc
Posted by metal1 on :
so Scottrade won't even hold them for you? Schwab didn't want to hold them for me but my account balance is high enough so they will still keep them for me. I didn't really want the paper certs. so i guess these will still be restricted for a while, maybe forever, LOL
Posted by PCola77 on :
Thanks for the info Gary, much appreciated.
quote:Originally posted by Gary59: Here is my response from Scottrade about PAVC shares..
Dear Client: Thank you for your email. The certificates for shares of PAVC were finally delivered this week to Scottrade. It still may take a few weeks for us to sort out the shares and mail them out to clients.
We thank you for your patience.
Please let us know if we can be of further assistance.
Sincerely,
Carlton H.
Scottrade Financial Services, Inc
Posted by Gary59 on :
I emailed back to them about them holding the certs instede of sending them back to me, I told them it does not make sense to me for them to mail them to me so I can mail them back for them to put them into my account,,That friggin stupid.. And I asked how long the certs will be restricted if they have to send them to me but according to when this whole thing took place it would only be 1 year and has already been 1 year so the restriction should be lifted by now /.;. SO keep the certs in my account and let me sell them , holy snott there batman...
Posted by Chad on :
is there a way to confirm that the new transfer agent got our shares from Scottrade?
I checked my account, but dont have anything in there, nor no messages from Scottrade.
I'm going to shoot them an email and see if they have received anything to do with my restricted shares.
Posted by metal1 on :
as far as i can tell from the old press release it's not a one year restriction. these are unregistered securities and will remain restricted until they are either registered or they get a legal determination that they get an exemption from registration. I can't see either of those things happening which is probably why brokers don't want to hold the certs. i have been wrong before though.
from this release: The Merger Agreement provides that the Merger Shares will not be registered under the Securities Act, or the securities laws of any state, and absent an exemption from registration contained in such laws, cannot be transferred, hypothecated, sold or otherwise disposed of until; (i) a registration statement with respect to such securities is declared effective under the Securities Act, or (ii) PAIVIS receives an opinion of counsel for PAIVIS that an exemption from the registration requirements of the Securities Act is available. Posted by atleast on :
quote:Originally posted by Gary59: I tried again and it went through I spoke to Diane as well and since I am with Scottrade they sent those shares direct to Scottrade last week so now it is up to Scottrade to put the shares back into my acc. I also asked Diane ifthe shares will be restricted and if so how much longer her reply was it will all be up to Scottrade as to how and when they release my shares to me. And she said something that they will be under a rule #144 regulation about how they will be traded, Now I need to call Scottrade and find out what rule #144 is as well.. Well its getting a little more like we might see some shares come back...
some info: ***************** The Federal Securities Act of 1933 generally requires that stock and other securities must be registered with the Securities and Exchange Commission (the "S.E.C.") prior to their offer or sale. Registering securities with the S.E.C. can be expensive and time-consuming. This article offers a brief introduction to SEC Rule 144, which allows for the sale of restricted securities in limited quantities without requiring the securities to be registered.
First it's probably appropriate to explain the basics of restricted securities. Restricted securities are generally those which are first issued in a private placement exempt from registration and which bear a restrictive legend. The legend commonly states that the securities are not registered and cannot be offered or sold unless they are registered with the S.E.C. or exempt from registration. The restrictive legend serves to ensure that the initial, unregistered sale is not part of a scheme to avoid registration while achieving Advertisement
some broader distribution than the initial sale. Normally, if securities are registered when they are first issued, then they do not bear any restrictive legend and are not deemed restricted securities.
Rule 144 generally applies to corporate insiders and buyers of private placement securities that were not sold under SEC registration statement requirements. Corporate insiders are officers, directors, or anyone else owning more than 10% of the outstanding company securities. Stock either acquired through compensation arrangements or open market purchases is considered restricted for as long as the insider is affiliated with the company. For example, if a corporate officer purchases shares in his or her employer on the open market, then the officer must comply with Rule 144 when those shares are sold, even though the shares when purchased were not considered restricted. If, however, the buyer of restricted securities has no management or major ownership interests in the company, the restricted status of the securities expires over a period of time. Under Rule 144, restricted securities may be sold to the public without full registration (the restriction lapses upon transfer of ownership) if the following conditions are met.
The securities have been owned and fully paid for at least one year (there are special exceptions that we'll skip here). Current financial information must be made available to the buyer. Companies that file 10K and 10Q reports with the SEC satisfy this requirement. The seller must file Form 144, "Notice of Proposed Sale of Securities," with the SEC no later than the first day of the sale. The filing is effective for 90 days. If the seller wishes to extend the selling period or sell additional securities, a new form 144 is required. The sale of the securities may not be advertised and no additional commissions can be paid. If the securities were owned for between one and two years, the volume of securities sold is limited to the greater of 1% of all outstanding shares, or the average weekly trading volume for the proceeding four weeks. If the shares have been owned for two years or more, no volume restrictions apply to non-insiders. Insiders are always subject to volume restrictions. The most recent rule change of Feb 1997 reduced the holding periods by one year. For all the details, visit the SEC's page on this rule: http://www.sec.gov/rules/final/33-7390.txt
quote:Originally posted by Gary59: I emailed back to them about them holding the certs instede of sending them back to me, I told them it does not make sense to me for them to mail them to me so I can mail them back for them to put them into my account,,That friggin stupid.. And I asked how long the certs will be restricted if they have to send them to me but according to when this whole thing took place it would only be 1 year and has already been 1 year so the restriction should be lifted by now /.;. SO keep the certs in my account and let me sell them , holy snott there batman...
got same reply from Canadian broker: - They will send certs to me; - I have to contact TA and ask to remove the restrictions; - Thereafter send back "unrestricted" to broker
triple stupid but what could you do...
Posted by Gary59 on :
Chad call Diane at the TA at (303) 282-4800 and she will be able to look it up and tell you how many shares where sent to your broker...
Posted by Gary59 on :
here is my latest response about them holding certs instede of just putting them in my account:
Thank you for your email. We know that this process may seem long and drawn out and to be truthful it is an unusual reorganization process for us. However, due to the fact that the shares will be in "certificate" form, they will need to be signed back over to us to deposit into your account. This certifies that you actually give us the authority to hold the stocks at Scottrade.
We apologize for the inconvenience, but there is no other way to process this particular issue.
I just received my former JPHC shares in my TDA account, as well as my round up shares in other accounts, too bad they're not worth much right now. I can't sell any though (the JPHC shares I mean), is that normal?
Posted by wildweb on :
what I got from etrade:
Thank you for your email regarding the shares of JPHC/PAIV to be deposited into your brokerage account. I apologize for any confusion this may have caused. Please be advised that I have contacted the transfer office and they confirmed that the shares (most likely a certificate) on Tuesday, 5/29/07. These shares will most likely be delivered within 5-7 business days and will be posted to your account within 3-5 business days of our receipt of the shares (as our Legal department must review the certificate for authenticity before posting). Please allow 10-15 business days for the shares to be processed and deposited into your account.
Posted by no_patience on :
Hello,
A little slow here too but I see shares of PAVC in my TDA account. These were long over due. Well, was it not true that Ameritrade screwed up big time last year? (Short or what ever?)
I think I am hesitent to ask TDA about these. I should not touch it in fear that they may disappear again for another year?
They are likely not registered from what I guess and they would not likely let me sell them . . .
Anyone else ?
Posted by no_patience on :
Wait, look closer. oh boy.
Guess I have to go back to my speradsheets and do math on the large # of shares I had.
TDA gainskeeper shows X shares. My active TDA account shows 1/2 X shares. Why can it not be easy?
Posted by T e x on :
I got 100 shares last week that just showed up, as far as I was concerned...lol, I don't remember ever buying into any of those plays...
Posted by CMoney on :
My shares are here. In my Scottrade account it shows up as 2 positions, the one for 5 shares which Ive had all along, and another for 95 shares that showed up yesterday. Its about durn time. Now if the share price was only at what it was when I was promised the 95 shares, then we'd have something to talk about.
C$
Posted by casper on :
Recived my PAVC cert. in the mail today from Scottrade.
Posted by stocktrader2006 on :
Me too....it's snowing in haitis.
Posted by T e x on :
anybody else heard it costs 300 bucks to get 144s unrestricted?
by the way, common trading shares looking pretty good...building nicely
Posted by PCola77 on :
I saw that post Tex. Can't sday I'm surprised. This has been beyond a clusterf*ck since day 1.
I didn't get my cert yet from Scottrade, hopefully it comes Monday. Since I moved last August, I'd bet it went to my old address, even though I checked like 6 times to make sure Scottrade hd the right new address. Or since I'm in a new development, they'll say they can't find my house since it's not on google maps, etc.
What a pain in the ass...
Posted by T e x on :
I got snail-mail from Scottie re CHDT, cuz my e-mail they had has been changed...I guess the question is ... have other Scottie folk gotten theirs?
Posted by JW on :
Got my PAVC from Scottie today.. Posted by T e x on :
in Alaska?
Posted by JW on :
Yep, Anchorage
Posted by T e x on :
seems like somebody in Pennsylvania could've gotten their mail, too, by now
Posted by jipper on :
hey guy's, I owned 500,000 shares of jphc, after all the splits, does anyone know how many shares I have coming to me ??
TIA
Posted by binnocent on :
Got mine yesterday from Scotty.
Posted by Hannibull on :
quote:Originally posted by jipper: hey guy's, I owned 500,000 shares of jphc, after all the splits, does anyone know how many shares I have coming to me ??
TIA
I think 1155
Posted by Chad on :
i got mine yesterday in mail too from Scotty! woohoo! been long enough.
Thought I heard Scottrade wouldnt take the certs though, any confirmation on that?
I'll be stopping by the office on Tuesday to see. I've never done this before, so do I just sign over the cert to them to put in my account or what?
also, do we have to wait till next May i thk to sell them or did I read we could pay $300 to get them unrestricted?
Posted by J_U_ICE on :
PAVC Updates Shareholders Jun 24, 2007 11:37:00 PM ATLANTA, GA -- (MARKETWIRE) -- 06/24/07 -- Paivis Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) management today announces that it has sent a Cease and Desist letter to end the trading of PAVC on the Berlin-Bremen Stock Exchange. The Company subsequently has been in contact with the listings department of the Berlin-Bremen Stock Exchange.
Mr. Greg Bauer, Paivis Corp. CEO, stated: "We have been made aware of who listed the Company without its authorization, and we have been rapidly taking steps to ensure this trading on Berlin-Bremen Stock Exchange ceases."
Listing of shares on the Berlin-Bremen Stock Exchange has in the past been associated with naked short selling of shares in the United States. The Berlin listing possibly creates a "sham" arbitrage between the two markets that apparently may generate a "loophole" in the Reg. SHO naked short selling regulation that governs short selling in the U.S. securities markets.
The Company also wishes to inform its shareholders that it is continuing to investigate why certain online brokerage firms are not allowing customers to purchase Paivis' common stock. To date, through inquiries with representatives of some online brokerage companies, the Company has not received a reasonable explanation for why only selling of PAVC is permitted.
Paivis has previously announced that management felt there may be "discrepancies and imbalances in the Company's share structure." Due to that belief, the Company is implementing a comprehensive plan, including the actions being taking regarding the Berlin-Bremin Stock Exchange, to investigate and combat 1) any imbalances from "failures to deliver" that may exist and 2) naked short selling it feels it is a likely victim of.
In closing, Mr. Greg Bauer, Paivis Corp. CEO, commented: "The Company has had an abnormal trading history since over a year ago, and we have been trying to understand the causes and prevent future abnormalities. We will continue to take action to protect our shareholders from any irregularities in our trading market and potential illegal naked shorting of its security. As more information comes available we will update our shareholders and prospective investors."
About Paivis Corporation
Paivis Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7 Eleven, and Chevron.
FORWARD-LOOKING STATEMENTS
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 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: Paivis Corp. Greg Bauer Chief Executive Officer Phone: 404-601-2885 www.paivis.com Posted by Gary59 on :
I FINALLY recieved my certs in the mail last week ,, WHn I checked last week they where not sure if they where going to take the certificates (Scottrade)They would check when I got them and call them back , I have not called them yet , it looks like the certs will be restricted , but when I asked them last time they told me there was a $65.00 fee for adding the certs to my account . They take the certs to thier name then tranfer to my account, I have not heard $300.00 but $65.00 is bad enough. Also jipper I had 500k as well my certs are for 1155 as posted by Hannibull.. I am going to call later this week and check to see if they will accept my certs or if I have to wait until un-restricted.. I will post what I have to do .. Gary
Posted by PCola77 on :
LOL. Wife just called me to say I got my certs today. SHOCKINGLY, they went to my old address and were forwarded on to the new house. Guess I should have called more than 10 times to check that they had my new address...
Posted by PCola77 on :
Haha, just got off the phone with one broker who asked me for some info. I gave him the symbol and he stopped for a second and said "Wait, the high was $70.00 and it's now trading at 40 cents?!?!?!?"
I was like, "Well, there's a kinda long story behind it, but yeah, that's pretty much right."
He paused again and was like "Wow."
I said "Yeah, at one point my account was worth over a million on paper."
He was like "Oh my god, but you couldn't sell because it was restricted? That's awful!"
It was funny.
Posted by NomarKash on :
quote:Originally posted by Chad: i got mine yesterday in mail too from Scotty! woohoo! been long enough.
Thought I heard Scottrade wouldnt take the certs though, any confirmation on that?
I'll be stopping by the office on Tuesday to see. I've never done this before, so do I just sign over the cert to them to put in my account or what?
also, do we have to wait till next May i thk to sell them or did I read we could pay $300 to get them unrestricted?
Chad what did you find out??
Posted by PCola77 on :
Here's what I found:
Scottrade does not do form 144 Schwab does them, but not for stocks under $1 Choicetrade does them, but you have to fill out some paperwork and mail it to Texas. Seems like it woudl be a massively involved process, since the forms are confusing and if you have something wrong you'd have to redo it, I think.
I'm trying to find a better way.
Posted by casper on :
Yesterday I went to my Scottrade office.I was told I had to call the transfure agent.I called them.They said I had to wait 2 years,before the resrictions were off and I need to see a full service broker.I ask when the 2 years started, she said when I bought the stock.I told her that it was JHCP 4/16/06.She said it made no differnce,it would be from that date. I think I'll will put this in my safe and treat it like a lotto ticket..In MOP this company has a good product, they were a victim of circumstance and they are a honest company..
Posted by Fergy on :
Does anyone themselves or know anyone who invested in JPHC last year and went through the merger have an account with TradeFreedom in Canada???? This is important!!
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