posted
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!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
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
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!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
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.
Posts: 78 | From: Spanaway | Registered: Apr 2006
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posted
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
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
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
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
Posts: 69 | From: Seattle | Registered: May 2006
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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
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
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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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.
Posts: 192 | Registered: May 2006
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wow.. when the PR hits (if it does) that everyone must buy back their shares... this thing is going to fly.
Posts: 730 | Registered: Mar 2006
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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!
Posts: 69 | From: Seattle | Registered: May 2006
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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" ?
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
Posts: 2554 | Registered: Nov 2005
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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
Posts: 730 | Registered: Mar 2006
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posted
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.
Posts: 78 | From: Spanaway | Registered: Apr 2006
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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?
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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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. "
Posts: 730 | Registered: Mar 2006
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posted
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.
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