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I see no future of JPHC. DDSI is now my future ! Got in at .0002 and now .0004 or may be .0005, still want to hold.
Posts: 209 | From: Santa Ana, California | Registered: Nov 2005
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I put a sell today. Hope it gets through. cannot wait until 2 years later to touch my money.
Posts: 221 | From: kentucky | Registered: Apr 2006
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seems very interesting. not sure whether it is my ameritrade account screwed. no trading since the openning
Posts: 221 | From: kentucky | Registered: Apr 2006
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I bailed, Couldn't take it. Interestingly my sell oreder executed immediatly, didn't even take 30 seconds for someone to scarf up my shares. Now I need to find something to put my money in and try to recover my losses.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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if vicki is in it im not touching it, she might be the one who cursed JPHC. burn the witch! burn the witch! switching to Ameritrade cant trade for another 2-3 days excluding the weekend jk =)
-------------------- drummer. rock and cash all that matter. Posts: 294 | Registered: Mar 2006
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This stock is not going to move above 0.0005 (maybe an ask of 0.0006 and a few sales) but there is no way (IMO) this thing is going anywhere. Get in if you want the restricted stock, but make sure you do your DD on APOA. Right now, that company is headed straight for the crapper and people that have high hopes of getting out after 2 years (and it will be two years) with a profit need to take a hard look and see if the risk is worth it. Just look at their balance sheet. HUGE amounts of debt. Scary, IMO. Be careful. GLTA
Posts: 274 | From: Chicago, IL | Registered: Mar 2006
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quote:Originally posted by sportsguy: Didn't we already get shares of vxbx that we can't go anything with for a certain time also?
yeah i have some of those vxbx shares that we can't touch and surprisingly the price has actually held.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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quote:Originally posted by sbrcow: if vicki is in it im not touching it, she might be the one who cursed JPHC. burn the witch! burn the witch! switching to Ameritrade cant trade for another 2-3 days excluding the weekend jk =)
Careful now, I just may put a curse on you! JK Posts: 84 | From: Virginia | Registered: Feb 2006
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I'm in... i've decided to hold until next Friday! I don't see this going any lower! One more week with 11.2 mil in the sack!
Posts: 610 | From: Victoria | Registered: Dec 2004
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I just read through the SEC filing for this merger under APOA - The only miracle I can see happening is if they get an exemption for shares NOT to be restricted. If they get this exemption, and PR it - This stock should explode, IMFO. Until then, I remain a depressed MoFo.
Posts: 2554 | Registered: Nov 2005
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DK - you're forgetting this portion - this is our miracle.
The Merger Agreement contains certain conditions precedent to consummation of the merger, including but not limited to, obtaining consents, providing certified lists of shareholders and delivery of certain due diligence and other corporate documents.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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put an order at 0005. traded very quick. lost 200 bucks on it. just too much scary info relation to it lately. cannot take the risk though. i am out.
Posts: 221 | From: kentucky | Registered: Apr 2006
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quote:Originally posted by Repoman75: DK - you're forgetting this portion - this is our miracle.
The Merger Agreement contains certain conditions precedent to consummation of the merger, including but not limited to, obtaining consents, providing certified lists of shareholders and delivery of certain due diligence and other corporate documents.
Call me ignorant, but I don't know what and/or why the above is our miracle. Is that saying if certain conditions are not met, this merger will not become reality?
Posts: 2554 | Registered: Nov 2005
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That says that prior to the merger taking place, all outstanding shares must be accounted for from the brokerages.... therefore, brokerages will need to reconcile their long (and short) positions with DTC, and DTC will report to the transfer agent of JPHC that all shares are accounted for and who owns them (not you and me, but the brokerages since shares are held in street name). If there is a discrepency, they will need to reconcile IMMEDIATELY. How do they do that??? Well, for example, let's say Etrade has 10 mil. shares long according to DTC, but has a short position of 50 mil. shares. Well, while individual investors are allowed to naked short, they can only do this if the brokerages have the shares in house. I used to work for Ameritrade so I know how this works. Back in the dot.com days, investors would call us screaming that they couldn't short a $50 IPO stock (apparently assuming correctly that a lot of those stocks were just up huge on hype). Even though the stock was MARGINABLE, it was not shortable. Why? Because at the time, the brokerage did not have enough shares to short (probably because other shorters already shorted the amount of long positions before this guy).
So, back to my example. If Etrade realizes it has a discrepency of 40 million shares, they will IMMEDIATELY begin buying back shares in customers accounts (kind of like a reverse margin call). They may give the customers 3 days, but if the customer does not cover, Etrade will. And in case you're wondering which customers they choose, technically it's on a random basis.
They will cover those short positions until they have an equilibrium of short positions and long positions.
So, if there truly is a huge short position here, that is how the short squeeze will work. Investors/MM's/Brokerages covering their short positions to get to that equilibrium. JPHC will not authorize the merger until that equilibrium is achieved.
In an ideal world, if every JPHC stockholder pulled their shares from the brokerages (and thereby removed the shares from street name and instead had the share put into your name), there could be no short positions whatsoever. That's what CMKX shareholders were/are? trying to do.
So, pray for a huge short position, and we are golden.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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i'll be quoting my buddy here (stuckforfun) "I will give ten star" if that happens!!!
What a week... just played a squash game and my knee blew out --- had surgery just last year and now it's out again.... then JPHC being down 30% instead of up 300% this week--- and than worst of all ... it's friday... i can't move... and now i wont even be able to play stocks b/c of the weekend... what's going to happen next? Great... the wheel on my office chair just broke off... guess i'll be crawling all over my apartment this weekend! what a week... what a week! Next week is going to be awesome... awesome i tell you!
Posts: 610 | From: Victoria | Registered: Dec 2004
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very interesting interpretation. Well, this JPHC definitely gave me a good lesson, even though I got burnt.
Posts: 221 | From: kentucky | Registered: Apr 2006
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quote:Originally posted by JARW: i'll be quoting my buddy here (stuckforfun) "I will give ten star" if that happens!!!
What a week... just played a squash game and my knee blew out --- had surgery just last year and now it's out again.... then JPHC being down 30% instead of up 300% this week--- and than worst of all ... it's friday... i can't move... and now i wont even be able to play stocks b/c of the weekend... what's going to happen next? Great... the wheel on my office chair just broke off... guess i'll be crawling all over my apartment this weekend! what a week... what a week! Next week is going to be awesome... awesome i tell you!
Passing you the vodka...sounds like you could use it.
Posts: 84 | From: Virginia | Registered: Feb 2006
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Call me ignorant, but I don't know what and/or why the above is our miracle. Is that saying if certain conditions are not met, this merger will not become reality?
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what a week... what a week! Next week is going to be awesome... awesome i tell you!
