quote:Originally posted by Repoman75: My other question - did anyone sell PAIV shares through Ameritrade that you owned prior to the merger... and are you going to have to buyback????? You're going to get azz raped.
DK - it looks like the MM's are going to azz rape those who are short.
This is by far the biggest azz raping I've seen...glad I'm not the one getting azz raped for a change....WOW!!
.007 COMING
Another brainless one....
-------------------- I buy fast and sell faster!
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I just spoke with my Scottrade Broker... He said the company pay date was yesterday. But sometimes takes a few days longer. He said I could sell my shares now but I would be responsible for any changes in the merger or any restrictions. He could not elaborate on what that might require. But once the shares show up in my account and they know all final figures and restrictions then if they are not listed as restricted I can trade. At that point it would not be my responsibility if a mistake was made by the company.
I don't know if that makes things any clearer for scottrade users?
-------------------- Growing old is mandatory!......... Growing up is optional!
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Tried to sell. wouldnt let me. Tried to call, the wait is outragous. Gonna print the attempted sell order and non confirmation and see what happens. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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APO Health and Jupiter Global Holdings merged on May 19, 2006 and shares of PAIV were to be restricted; however, clients were able to trade shares of PAIV unrestricted on Friday, May 19, 2006 and Monday, May 22, 2006. Until this issue has been resolved, TD AMERITRADE has restricted trading in PAIV. No purchases or sales in PAIV will be allowed until further notice.
Elizabeth M. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE, Inc.
posted
Ameritraded wouldn't let me sell this morning, so I just placed a small buy order, just for the heck of it. Apparently they're not letting people buy either.
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Not sure if you care enough to call back, but that's what my guy told me yesterday morning. Then when i called back in the afternoon he said the pay date was changed, with no further info. Let me know if you can confirm that your Scottrade guy says the same thing.
quote:Originally posted by binnocent: I just spoke with my Scottrade Broker... He said the company pay date was yesterday. But sometimes takes a few days longer. He said I could sell my shares now but I would be responsible for any changes in the merger or any restrictions. He could not elaborate on what that might require. But once the shares show up in my account and they know all final figures and restrictions then if they are not listed as restricted I can trade. At that point it would not be my responsibility if a mistake was made by the company.
I don't know if that makes things any clearer for scottrade users?
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Repo, why would the price crash wehen Ameritrade people can buy/sell again? I would think the opposite, that once Ameritrade people can buy/sell a lot of them will have to buy back their shares. Or are you saying that it will crash if the shares are not restricted?
quote:Originally posted by Repoman75: I'm not bashing... and yes, I did miss the boat and want no part of this POS.
Are you saying this is a great company? Please tell me you're saying that, so I can put you on my "Dumbsh1ts list".
I congratulate all who made money... but this is POS.
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PCola - I'm saying that the MM's are torturing Ameritrade clients.. remember, Ameritrade clients bought yesterday and are looking to sell now too, but can't. I think once Ameritrade makes its decision, it is going to BREAK the trades for those people who sold restricted shares, because they are feeling heat now. Therefore, no massive buyback (Ameritrade will buy back later on when the price comes down).
However, everyone who bought will profit take, and therefore, flood the market.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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Well I have been on hold now for 16 minutes with the bastuds. If I dont lose my cool and throw my phone against the wall I will let you know what I find out. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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Repo, I'm in at .0012 & .0013 with 2000000 shares. I do not care what list u put me on! I also own 3236240 shares which are restricted! I believe long term this company has positioned itself to grow this company very strategically. By merging, this is an attractive co. Now with new management in place, the Macro Comm leadership of old JPHC division which was only division making any substantial revenue! Moving forward this could be a buyout candidate from larger cos in the same field! Short term this stock could see dollar land due to the short squeeze that I believe is still forthcoming, due to the fact that Ameritrade has halted all buys & sells of their clients PAIV shares cause of big mix-up allowing them to sell their restricted shares. So I believe once Ameritrade allows their clients to buy back their shares it will be too late. The price will be too high and they will probably have to do a margin call to those who sold their restricted shares previously! With only 28 million shares out there on the float, Huge short squeeze when those shares have to be covered! That's my take on this whole situation and I have not changed since I have been posting on this thread. I have done my DD. I suggest everyone to do the same. Dollar Land here we come. That's what I believe. GLTA!!!!!!
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Holy crap, just got a call form my Scottrade guy and he said that they just got the new info and that the shares are DEFINITELY restricted and I have to buy them back. Luckily I had bought them back earlier with a different account, but had I not, I WOULD have to buy them back.
I'm honestly feeling sick to my stomach of what could have happened to me and my family had I not bought back yesterday.
Good luck to everyone involved, and I hope you all make money, but think about the flip side for just a second and the people whose lives this could literally ruin.
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Creator, The bastuds just gave me the runaround. They arent letting anyone buy or sell. They said an internal memo stated that they should direct callers to the company. I just hung up. I have my screen shots saved and will be contacting an attorney when I get back to Houston if this stock falls below the point in which I tried to sell along with the SEC. The one thing I did get from them was THEY screwed up and let shares be sold that were to be restricted. Thats all I got. Anyone know of a good online broker that isnt terribly expensive? TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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They also wouldnt give me a time as to when they were going to release the shares to be traded. I guess when they their fubar shares back then they will screw the rest of us. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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quote:Originally posted by tmanfromtexas: Creator, The bastuds just gave me the runaround. They arent letting anyone buy or sell. They said an internal memo stated that they should direct callers to the company. I just hung up. I have my screen shots saved and will be contacting an attorney when I get back to Houston if this stock falls below the point in which I tried to sell along with the SEC. The one thing I did get from them was THEY screwed up and let shares be sold that were to be restricted. Thats all I got. Anyone know of a good online broker that isnt terribly expensive? TMAN...
I got scottrade..$7 + half principal. Or choicetrade..$5,per trade...even on pinks/stocks under $1..
-------------------- "Remember... no matter where you go, there you are." - Mad Max Beyond Thunderdome
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Hi, Im new to this thing so I hope I dont sound ignorant. How is the price moving is the share are restricted? I'm with choicetrade I put in a limit or to buy a few thousand shares, it didnt go through, but choice trade said nothing about it being restricted.
Anyone have any insight for me thanks
-------------------- I'd just like to retire at 26.
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posted
this is f*kdup, i sold the restricted shares on friday and had those shares in my account bought back at .0021 and now even that is gone. now i see shares bought back at .0059 wha da **** is this
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Tman HAve been very happy with MB trading, great customer service and prices, also use Rushtrade and they never allowed trading in PAIV, gave it a temporary symbol until Penson decided the status. Have an AMeritrade account also, just do not use it too much.
-------------------- Pull on your boots,Slap on your hat, Relax, and Enjoy the ride.
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