posted
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...
-------------------- In the end, trust only yourself when trading stocks.
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posted
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?
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posted
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...
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posted
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.
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posted
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!
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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??
-------------------- Now We Movin On Up!!
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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
-------------------- I buy fast and sell faster!
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posted
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...
-------------------- In the end, trust only yourself when trading stocks.
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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
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posted
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!
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posted
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.
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posted
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
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
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...
-------------------- In the end, trust only yourself when trading stocks.
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posted
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
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.
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posted
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
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.
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