-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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Rufus just said that everyone is getting confused because they are thinking of this as a dividend or Forward split and it is neither. It is part of a reorganization merger and the shares were given in consideration of the Price reset. Cash dividends are in the future of the company. It a share issuance not a dividend or split.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by wallymac: You're right TEX.
Rufus just said that everyone is getting confused because they are thinking of this as a dividend or Forward split and it is neither. It is part of a reorganization merger and the shares were given in consideration of the Price reset. Cash dividends are in the future of the company. It a share issuance not a dividend or split.
GLTA Wally
then it would follow to me that Shorty is "off the hook" as far as a normal divvy situation...
quote:Originally posted by wallymac: You're right TEX.
Rufus just said that everyone is getting confused because they are thinking of this as a dividend or Forward split and it is neither. It is part of a reorganization merger and the shares were given in consideration of the Price reset. Cash dividends are in the future of the company. It a share issuance not a dividend or split.
GLTA Wally
then it would follow to me that Shorty is "off the hook" as far as a normal divvy situation...
Yes except for the fact that they owe the 6 additional shares for the air shares they have sold.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by wallymac: You're right TEX.
Rufus just said that everyone is getting confused because they are thinking of this as a dividend or Forward split and it is neither. It is part of a reorganization merger and the shares were given in consideration of the Price reset. Cash dividends are in the future of the company. It a share issuance not a dividend or split.
GLTA Wally
then it would follow to me that Shorty is "off the hook" as far as a normal divvy situation...
Yes except for the fact that they owe the 6 additional shares for the air shares they have sold.
GLTA Wally
"they owe the 6 additional shares "
why?
no due bills...
see what I mean?
without anything being filed? Your PR says this, but my (shorted) shares don't have that attached...
posted
Don't forget that they also have to pay the value of those 7 total shares. They cover them tomorrow at a 1.80 would be a best case senario for them, but what happens when the price climbs. Depending on the rules they can cover all 7 or only one in the next two weeks. If it is one then they must cover the other six at whatever the price is on Oct. 30th.
Personally, I think they are toast. Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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quote: -------------------------------------------------------------------------------- Originally posted by glassman: without due bills?
the peeps that call in, demand, etc...may finally get theirs...
jaybirds lay low--if they cain't trackum now? how they gonna trackum w/o due bills?
that's why i am using a REAL broker, not a 'net broker here...
remeber all the people that left AMTRD and others to go to MerrylLynch?
now we are gonna see why... --------------------------------------------------------------------------------
Originally posted by stocktrader22:
quote: Can you explain in more detail why this matters? I'm on the shareholder list and use Scottrade, am I alright? --------------------------------------------------------------------------------
I will just relay my experience with TDAmeritrade and PAVC shares. If after the split, we had less than 100 shares, we were to be rounded up to 100 shares. This was in the 8-K. This was in early August.
TDAmeritrade so far has not credited my account with the shares. The T.A. blames TDAmeritrade, TDAmeritrade blames the T.A. I've emailed about every two weeks and get the same sort of "we're workign on it reply" from both. They say there is just "Soooo much paperwork". And in the meantime, the stock price has gone from where I could have sold for a profit at the split to a loss even when I GET the extra shares.
Make sure you document everything you do with TDAmeritrade, every email, every phone conversation. There are other brokers too who haven't given the shares. I think Choicetrade was the only one who gave them right away. You might look in the PAVC thread to see the others who are still waiting. I know Fidelity is one.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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I'm not in but suppose I get in today (tomorrow) would I get the 6 extra shares per share? I sold my shares at 3.22 but TDA wouldn't allow me to buy back Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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quote:Originally posted by Hannibull: good morning, wow so much to read...
I'm not in but suppose If get in today (tomorrow) would I get the 6 extra shares per share? I sold my shares at 3.22 but TDA wouldn't allow me to buy back
Even if you don't Hannibull play it for the squeeze. I you can get your hands on shares you are going to see a percent gain at this point. We have some very big new stone figures. And rumor that they are going to grow two fold.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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quote:Originally posted by TaxBack04: Don't forget that they also have to pay the value of those 7 total shares. They cover them tomorrow at a 1.80 would be a best case senario for them, but what happens when the price climbs. Depending on the rules they can cover all 7 or only one in the next two weeks. If it is one then they must cover the other six at whatever the price is on Oct. 30th.
Personally, I think they are toast.
OK...
let's reason this out...personally, this post makes no sense to me. Why? I have 6-7-8 times the amount of "free shares" shares tomorrow, at THE SAME PRICE?!?!?
I'm selling most of my position, MAYBE NOT ALL...given how weird this one is...but certainly I'm gonna take some profit, right?
Especially given--if there's NO DUE BILLS attached--shorty has no reason to cover?
quote:Originally posted by TaxBack04: Don't forget that they also have to pay the value of those 7 total shares. They cover them tomorrow at a 1.80 would be a best case senario for them, but what happens when the price climbs. Depending on the rules they can cover all 7 or only one in the next two weeks. If it is one then they must cover the other six at whatever the price is on Oct. 30th.
Personally, I think they are toast.
OK...
let's reason this out...personally, this post makes no sense to me. Why? I have 6-7-8 times the amount of "free shares" shares tomorrow, at THE SAME PRICE?!?!?
I'm selling most of my position, MAYBE NOT ALL...given how weird this one is...but certainly I'm gonna take some profit, right?
Especially given--if there's NO DUE BILLS attached--shorty has no reason to cover?
Perhaps I'm missing a key factor...
Why would you sell most of your shares tomorrow?
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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quote:Originally posted by Hannibull: good morning, wow so much to read...
I'm not in but suppose If get in today (tomorrow) would I get the 6 extra shares per share? I sold my shares at 3.22 but TDA wouldn't allow me to buy back
Even if you don't Hannibull play it for the squeeze. I you can get your hands on shares you are going to see a percent gain at this point. We have some very big new stone figures. And rumor that they are going to grow two fold.
alright, i'm sure it'll be fun to watch today, i have my local broker here ready just in case, because Ameriturd has not let me buy one single share since I sold. My application with choicetrade is in and I'm about to transfer my whole portfolio from Ameriturd to them
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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quote:Originally posted by T e x: Perhaps I'm missing a key factor...
This part I will agree with I don't think anyone but Rufus and NASDAQ know all the "key" factors.
Sell if you want, I always believe you should play where you are comfortable. Do you know if Due Bills are attached or not? I know I don't at this point. Heck I will be happy if my broker doesn't try to rake me on this one.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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quote:Originally posted by TaxBack04: Don't forget that they also have to pay the value of those 7 total shares. They cover them tomorrow at a 1.80 would be a best case senario for them, but what happens when the price climbs. Depending on the rules they can cover all 7 or only one in the next two weeks. If it is one then they must cover the other six at whatever the price is on Oct. 30th.
Personally, I think they are toast.
OK...
let's reason this out...personally, this post makes no sense to me. Why? I have 6-7-8 times the amount of "free shares" shares tomorrow, at THE SAME PRICE?!?!?
I'm selling most of my position, MAYBE NOT ALL...given how weird this one is...but certainly I'm gonna take some profit, right?
Especially given--if there's NO DUE BILLS attached--shorty has no reason to cover?
quote:Originally posted by TaxBack04: Don't forget that they also have to pay the value of those 7 total shares. They cover them tomorrow at a 1.80 would be a best case senario for them, but what happens when the price climbs. Depending on the rules they can cover all 7 or only one in the next two weeks. If it is one then they must cover the other six at whatever the price is on Oct. 30th.
Personally, I think they are toast.
OK...
let's reason this out...personally, this post makes no sense to me. Why? I have 6-7-8 times the amount of "free shares" shares tomorrow, at THE SAME PRICE?!?!?
I'm selling most of my position, MAYBE NOT ALL...given how weird this one is...but certainly I'm gonna take some profit, right?
Especially given--if there's NO DUE BILLS attached--shorty has no reason to cover?
Perhaps I'm missing a key factor...
Why would you sell most of your shares tomorrow?
6 to 7 bagger? why not?
You got in at .30?
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
This is total honesty for you... I saw the drop this afternoon and thought a flip was in order. If you read my posts you will understand that I was really happy even with the 1st 10KSB. Still I thought I saw time for a flip and went for ti with some shares.
Now here is the fun part. Price was at 1.95 I placed a limit sell at 1.91 and the price dropped right past with no stoping, I lowered it to 1.85 and the price went right past from 1.87 to 1.81 and did not fill the sell. I then changed to a market sell and once again several minutes went by and no fill. ETrade is usually immediate for me. I saw 1.80 and thought to myself "this is crazy" and tried to cancel my small flip and since it wa market they would not let me.
Market closed I was able to cancel my order and I was ticked it did not take. Now, I have 80% in certs ordered, but this small flip looked like the play at the time. Now it is several hours later and I couldn't be happier that I was prevented from selling... but I still have the question of why? Was it in my best interest, or was it in their best interest? I put a real serious effort out there to sell some shares, and had no luck (total luck)... I wonder now if I can trust ETrade in this situation. Just that one experience questioning the 8 years I have had them as a broker.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
The call just ended with Rufus...James is actually taking off tomorrow and is going to replay tonight's interview with rufus...
I suggest ya'll listen...WELL worth it...pretty long but worth the listen...James did a geat job by the way...
And just to clarify...in case this was not made clear...Rufus said that there are no due bills...that is actually why I started listening in the first place just to find that out, lol...
Night all...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
Good Night Board.....my blurry eyes can take no more.....guess I have caught up on events of the evening....what a rush to sort through.....read a 10KSB...last fourteen pages of this thread..lots of good points and questions being asked and answered.....and clarification on the mechanics of this reset share transaction through a PR will be greatly help our understanding......hope to see one in the morning, PLEASE ....... . . BB...Let's see those Cheerleaders at the opening bell tomorrow.... . And, Thank You to all the folks contributing to the dialogue on this thread....great work GLTA . Until then, I'll just say WWWWWWWWWWWWOOOOOOOOOOOOOOWWWWWWWWWWWWWWW !!! . . .
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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posted
I just want to say once again that I am prouod to be a part of this board. It would have been very easy for this to turn very ugly but we hung together and did what we should. Attempt to figure out what was what. Things are much clearer now yet there is still much more clarity that can be achieved. It's been one heck of a ride and it's far from over. I hope that all of us will take the same approach to future stocks we get involved in. As a group the DD, questions and give and take has been phenomenal.
So good night for now. Pleasant dreams.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
man i see what you mean BuckyBarnes "my blurry eyes can take no more....." reading 12 pages is not fun..but it was worth it..thank you everyone who contributed to relaying great DD and conversations from Rufus..thanks Wally, Bilgert, 10, Jenna, Tax, Chart and everyone else theres just to many to name! Thank you all Good Luck everyone!
Posts: 209 | From: New Orleans | Registered: Feb 2006
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posted
All this Math is making my head hurt. If I have 1000 shares at $11.78 that = $11,780.00
After the 30th I will have 7000 Shares:
Will I have A. 7000 shares x 11.78 PPS = $82,460 ? or B. $11,780.00 / 7000 = $1.68 PPS? (Effectively giving me 6000 more shares but still leaving me at $11,780.00)
I would just like to know which option I am working with.
I got in at .18 so either way, I am going to be a very happy SSgt. I can't wait to see the gate guards face at my base when I roll up in a Porsche and show them my Enlisted ID Card..
-------------------- If you ever drop your keys into a pool of molten Lava.... Forget it man, They're gone. Posts: 27 | From: Deployed | Registered: Jul 2006
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posted
Finally im able to post after the excitement last night!
IMO everyone that has been worried about a $15 "pps reset" and the pps holding afterwards should be experiencing a breath of fresh air now. If the pps could even sustain $3 a share at this point everyone should be very well off on Nov 1st! And, im quite sure we can assume that there ARE things in place to make sure $3 is only the beginning.
Although i was also confused last night (thanks to those that sent me info!) i feel very comfortable today. It is unfortunate that it appears some people bailed yesterday during the confusion but i guess its not the first time, however it could be the last time for many.
Im anxious to see what CSHD has in their pocket to entice buyers even though its too late for the share divy. That is the big key right now. I especially like the fact that we dont actually HAVE the shares until the end of the month. This prevents everyone from making a potential mistake along the way.
I love it. I MUCH prefer a share reset over pps reset, which the market would have probably destroyed in 10 minutes as everyone predicted.
I wouldnt say "check mate" yet, simply "check". When we drop the OB and go to the Nasdaq then its "check mate" and game over for anyone that has shorted this stock.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
And to answer the question "who would sell today?" i see it like this. If someone was holding 10,000 shares yesterday they now expect 70,000 in their portfolio at the end of this month. In the meantime i can see people using those 10,000 shares to either flip or take profit. There is nothing wrong with it of course, everyone has their own method of trading. BUT lets remember, WE are now responsible for the PPS of our stock. If we start selling off and flipping we will likely damage the current PPS which, in turn, drops everyones bottom line Oct 30th. Im sure we will see games still being played and im sure people will still have doubts but WE are in charge now and IMO we all need to adopt that mentality.
This is just my opinion of course, as everyone else i have never been through anything even remotely similar to this. But, to me this is just common sense and my own common sense tells me there is no reason to sell right now.
******One more thing*******
O ur street is doing his all nighter spouting off that this is a forward split and now everyones shares are now worth 1/6th of their value. This is NOT A FORWARD SPLIT!! More shares were added to support a higher market cap of the company! Will the market confused this? YES! We saw that yesterday. But, remember that there are A LOT more people out there willing to buy in at $3 than $15 so once they start hitting us with contracts and such there should be huge buying pressure. DO NOT listen to these people shouting forward split, they are the same people that said we would definately reverse split! Timothy Miles and friends are running out of angles and coming off completely ignorant now.
Hold tight your shares people, this is NOT over!
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
I say B porkchop, but a lot can happen in the next 2 weeks. make sure you're putting that 35% in a safe place if you're selling in Nov.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
FWIW the speculation seems to be that if you sell your shares today you may screw yourself for the Oct 30th date. I dont know if this is true or not but i stick by the plan of HOLDING until the free shares are in my portfolio.
Im guessing that on October 30th your portfolio will be reviewed for any shares owned on or before Oct 16th. If you flip between now and then your shares will have a new purchase date and possibly would not qualify. However, Im told that Rufus made the comment "the shares have already been given to the shareholders" which tells me that regardless of what you do between now and then you should get your 6:1 shares.
Its confusing and gets worse day by day, which is why im just gonna hold tight and let the experts at CSHD work it out. Ive fought the desire to sell for 4 months now im not going to screw this up with only 2 weeks left.
The best part is, ill be home before Oct 30th!!! Posts: 2308 | From: Michigan | Registered: Jun 2006
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